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Thune on Fox News: Democrats’ Tax Hikes and Reckless Spending Will Do Nothing to Address Inflation

Thune on Fox News: Democrats’ Tax Hikes and Reckless Spending Will Do Nothing to Address Inflation

August 2, 2022

Click here to watch the interview.

U.S. Sen. John Thune (R-S.D.) today joined Charles Payne on Fox News to discuss Speaker Pelosi’s trip to Taiwan and the Democrats’ latest version of their reckless tax-and-spending spree.


On Speaker Pelosi’s trip to Taiwan:


“I think it's important, and I think it was wrong for the administration not to support this trip. The Chinese government should not be telling American officials, elected officials or otherwise, where they can and cannot go.


“And the administration was wrong in the first place, I think, to come out and oppose this trip. And it's important that we send a message to China that they're not gonna interfere in the travel plans of American elected officials.”


On Democrats’ latest reckless tax-and-spending spree: 


“Well, I think that unfortunately Joe Manchin got baited into a bad deal by his leadership, and I think it's something that in the end he's gonna come to regret, and I think the people of West Virginia are gonna come to regret it, too.


“But the point is, the Joint Committee on Taxation was asked a question about how was this tax increase, how was it going to distribute among different income, you know, classes around the country. And what they concluded [was] that the tax hike would place a disproportionate burden on those Americans, working Americans, making under $200,000 a year.



“But the broader point here, Charles, is prices are gonna go up, costs are gonna go up, for American citizens. We are at a time of record inflation. We have an economy that's wobbly. We've got two consecutive quarters now of negative GDP growth, and the Democrats’ prescription for that is raising taxes and increasing spending, the very thing, spending at least you could argue, that got us into this in the first place.


“So this is a big mistake on their part. Like I said, I think that Joe Manchin will live to regret this. And to argue with a straight face that … this [bill] is gonna have a positive impact on inflation is just totally inconsistent with history, with the facts, and with any experience we have with this in the past.”