In an interview with Fox News Channel’s “Sunday Morning Futures,” Sen. Ted Cruz (R-TX) slammed the $700 billion inflation reduction bill, a scaled-down version of the “Build Back Better Act.”
Cruz told host Maria Bartiromo that the legislation was “terrible” and a “massive power grab” for Democrats because it would raise gas prices and double the size of the IRS.
“The Democrats are about to pass a really horrible bill,” Cruz warned ahead of the bill’s passage. “This bill will hit manufacturing. It will kill manufacturing jobs in this country. It will hit small businesses. This bill will push High gasoline prices. It imposes billions of dollars in new taxes on U.S. oil and gas production. We have proposed amendments to try to remove these new taxes, so all the Democrats are saying they are concerned and want lower gasoline prices — they all Just voted to raise the gas tax and increase the price at the gas station.”
“This bill created 87,000 new IRS agents,” he continued. “It doubles the size of the IRS. Those IRS agents are designed to go after you. They’re not designed to go after billionaires and big corporations. They’re designed to go after small businesses and working families in this country. Democrats It’s making the IRS bigger than the Pentagon, the State Department, the FBI and the Border Patrol combined. The IRS is going to get bigger. It’s a massive power grab.”
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