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US Rep. David Rouzer Weekly Update Aug. 12
Story Date: 8/15/2022
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Source: US Rep. David Rouzer (NC-7th), 8/12/22
More Spending. More Inflation. More Debt.
This week, the House narrowly passed a 700-page, $740 billion tax-and-spend bill that will result in bigger government, increased taxes, a much longer period of high levels of inflation, and more debt. This bill was a compromise bill negotiated by Senator Joe Manchin of West Virginia and Senate Majority Leader Chuck Schumer after the House passed its original monstrosity that totaled more than $2 trillion in taxes and spending. This new revised version passed the Senate last week. With House passage this week, it now goes to the President for his signature to make it law.
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