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September 27, 2021

Inhofe in the Bartlesville Examiner-Enterprise and the Claremore Daily Progress: Democrats are only growing our debt, not the economy

Ever since President Biden took office, Democrats have made clear their intent to go on a reckless taxing and spending spree. Earlier this year, they passed $2 trillion dollars in so-called relief spending that was supposed to grow the economy, but it has only grown our national debt. Republicans warned that excessive spending could lead to rampant inflation, and it has. According to a Fox News poll, 86 percent of Americans are concerned about inflation, and 79 percent say the government’s economic agenda is making things worse.

Not even a year into his term, President Biden’s policies have already led to the largest price spikes in decades. The costs of everyday goods and services are 5.4 percent higher than they were just one year ago, and Oklahomans are paying more for items they can’t live without — food for their families and gasoline to get to work. Even with inflation on the rise, Democrats continue to plan their massive spending priorities with no way to pay for them.

The facts don’t lie: Republican-led states are reopening their economies quicker and getting people back to work. Even still, small businesses – the backbone of the Oklahoman economy – are struggling to find workers. Why? Because the Biden administration is paying people to stay home. The same Republican-led states that ended expanded unemployment payments in June and July are leading the way in recovering jobs and growing their economies.

The president’s budget also envisions tremendous tax hikes with small businesses feeling the brunt of his plan to pay for such massive spending. Oklahoma families and businesses cannot afford to use their hard-earned dollars to bankroll progressive wish lists. According to the non-partisan Tax Foundation, the Democrat’s reckless $3.5 trillion dollar plan will raise taxes for the average Oklahoman by nearly $2,000 over the next ten years. These changes will completely undo the tax cuts for families and small businesses that Republicans secured for Oklahomans in the 2017 Trump Tax Cuts and guarantees that every Oklahoman will be giving away more of their hard-earned dollars to pay for the Democrats’ big government programs.

The bottom line: the Democrats’ reckless tax-and-spend spree will stick middle-class Oklahoma families with higher costs and lower wages that no one can afford. As they continue to push their liberal agenda that disproportionately burdens everyday Americans, I promise to champion policies and vote for legislation that leads to real economic recovery in our state and the nation.

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