Press Releases

Sen. Rick Scott Issues Weekly Update on Biden’s Inflation Crisis

November 5, 2021

WASHINGTON, D.C. – Today, Senator Rick Scott released a weekly update on his actions to address America’s debt crisis and rising inflation. This week, a report from the University of Pennsylvania’s Wharton School of Business found that President Biden’s “Build Back Better” proposal is not only not paid for, but would increase U.S. debt by nearly $2.5 TRILLION further fueling his raging inflation crisis. In his fight to fund his failed, socialist agenda, President Biden’s massive and reckless spending bill relies on $1.95 trillion in new taxes on American families and businesses, as well a 15% corporate minimum tax. Following the release of the Wharton report on Thursday, Senator Scott issued the following statement:

 

Senator Rick Scott said, “Every day since he took office, Joe Biden has been lying to the American people. As America’s debt climbs to a staggering $30 TRILLION, Biden first said his bill costs $0.00. That’s a lie. Now, he’s digging deeper and keeps falsely claiming that his ‘Build Back Better’ plan is fully paid for. Another boldfaced lie exposed by this latest report from the Wharton School of Business. Here’s the truth, Joe Biden and the Democrats have completely lost touch with reality. In their desperate attempt to push forward a radical and reckless socialist spending plan, Democrats are willing to raise taxes for every American family and business, further fuel their raging inflation crisis and ignore the facts and wishes of American families until they get their way. Even worse, Democrats are willing to do all of this while making sure to carve out huge tax breaks for their rich friends in liberal, high-tax states with a massive SALT cap repeal. It’s disgusting. American families are sick and tired of Biden’s lies and socialist demands. I won’t stop fighting this disastrous bill and the insane debt it will create that will bankrupt our nation, fuel inflation and make life even harder for American families.”

 

Since being elected to the U.S. Senate, Senator Scott has repeatedly urged action to address America’s debt crisis and the harmful effects of inflation: 

 

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