In an interview on Fox News Channel’s “Sunday Morning Futures,” Sen. Ted Cruz (R-TX) criticized the $700 billion Inflation Relief Act, a scaled-down iteration of the Build Back Better Act.
Cruz told host Maria Bartiromo that the legislation was “terrible” and a “massive power grab” by Democrats because it would raise gas prices and double the size of the Internal Revenue Service.
“Democrats are on the verge of putting in a really terrible bill,” Cruz warned before the bill passed. “This bill will blow the whistle on production. It will kill manufacturing jobs in this country. It will hit small businesses. This bill will raise gas prices. It has billions in new taxes on US oil and gas production. We’ve introduced amendments trying to take away these new taxes, so all the Democrats are saying they’re concerned and want to lower gas prices — they all just voted to raise gas taxes and raise your price.
“This bill creates 87,000 new IRS agents,” he continued. “It doubles the size of the IRS. These IRS agents are designed to follow you. They are not designed to go after billionaires and big corporations. They are designed to go after small businesses and working families across this country. Democrats are making the IRS bigger than the Pentagon, plus the State Department, plus the FBI, plus the Border Patrol combined. The IRS will be bigger. This is a huge power grab.”
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