WASHINGTON, D.C. – Today, Senator Rick Scott released the below statement following a report from the University of Pennsylvania’s Wharton School of Business finding 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. 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.
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.”