Congresswoman Nancy Mace: ‘Inflation Is Taxation’
Freshman Rep. Nancy Mace (R-N.C.) said Monday that although President Joe Biden and the Democrats have said they will not raise taxes on low- and middle-income earners, out-of-control spending by the federal government is causing inflation and is a form of taxation. “Inflation is taxation. And you saw the Feds last year. They printed $4 […]
Freshman Rep. Nancy Mace (R-N.C.) said Monday that although President Joe Biden and the Democrats have said they will not raise taxes on low- and middle-income earners, out-of-control spending by the federal government is causing inflation and is a form of taxation. “Inflation is taxation. And you saw the Feds last year. They printed $4 trillion, or they're on par to print another $4 trillion,” Mace said during a Monday interview with Fox News. The Biden administration passed a $1.9 trillion COVID-19 relief bill after taking office and has unveiled a $6 trillion budget for 2022, which Republicans say is out of control and fiscally irresponsible. Included in the Democrats’ budget is a nearly $2 trillion infrastructure package that covers a list of non-infrastructure items like health care and child care. “Washington wants to do the infrastructure, and any spending, through budget reconciliation, which is one-sided. When we did the ...
