ABC This Week interviews for 2022 races: on Tax Reform


Bill Cassidy: Inflation Reduction Act raises taxes on middle class

SEN. JOE MANCHIN (D-WV): This is an inflation reduction act, we're investing, we're not spending money, we're investing. We've taken a $3.5 trillion aspirational bill that I never could come to an agreement on any way shape or form, but I tried, couldn't get there. And we've taken $3.5 trillion of spending down to $400 billion of investing without raising any taxes whatsoever. We've closed some loopholes, didn't raise any taxes.

SEN. BILL CASSIDY (R-LA): Yeah, much of what he says is just not true. For example, they are raising taxes. According to the Joint Committee of Taxation, taxes will be raised almost $17 billion in the first year on those who are making less than $200,000, and the percent of taxes raised for individuals increases over time for the middle class and the lower income. They're raising taxes on people who make less than $10,000, according to the Joint Committee on Taxation.

Source: ABC This Week on 2022 Louisiana Senate race Jul 31, 2022

Bill Cassidy: Inflation Reduction Act raises taxes on middle class

SEN. JOE MANCHIN (D-WV): This is an inflation reduction act, we're investing, we're not spending money, we're investing. We've taken a $3.5 trillion aspirational bill that I never could come to an agreement on any way shape or form, but I tried, couldn't get there. And we've taken $3.5 trillion of spending down to $400 billion of investing without raising any taxes whatsoever. We've closed some loopholes, didn't raise any taxes.

SEN. BILL CASSIDY (R-LA): Yeah, much of what he says is just not true. For example, they are raising taxes. According to the Joint Committee of Taxation, taxes will be raised almost $17 billion in the first year on those who are making less than $200,000, and the percent of taxes raised for individuals increases over time for the middle class and the lower income. They're raising taxes on people who make less than $10,000, according to the Joint Committee on Taxation.

Source: ABC This Week on 2022 Louisiana Senate race Jul 31, 2022

  • The above quotations are from ABC This Week interviews for 2022 races
    (Martha Raddatz interviewing candidates for 2021-2022 races).
  • Click here for definitions & background information on Tax Reform.
  • Click here for other issues (main summary page).
  • Click here for more quotes by John Kasich on Tax Reform.
  • Click here for more quotes by John Hickenlooper on Tax Reform.
2016 Presidential contenders on Tax Reform:
  Republicans:
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Carly Fiorina(CA)
Gov.Jim Gilmore(VA)
Sen.Lindsey Graham(SC)
Gov.Mike Huckabee(AR)
Gov.Bobby Jindal(LA)
Gov.John Kasich(OH)
Gov.Sarah Palin(AK)
Gov.George Pataki(NY)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Sen.Marco Rubio(FL)
Sen.Rick Santorum(PA)
Donald Trump(NY)
Gov.Scott Walker(WI) 		Democrats:
Gov.Lincoln Chafee(RI)
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Martin O`Malley(MD)
Sen.Bernie Sanders(VT)
Sen.Elizabeth Warren(MA)
Sen.Jim Webb(VA)

2016 Third Party Candidates:
Gov.Gary Johnson(L-NM)
Roseanne Barr(PF-HI)
Robert Steele(L-NY)
Dr.Jill Stein(G,MA)
Please consider a donation to OnTheIssues.org!
Click for details -- or send donations to:
1770 Mass Ave. #630, Cambridge MA 02140
E-mail: submit@OnTheIssues.org
(We rely on your support!)

Page last updated: Feb 14, 2023