TO THE MEMBERS OF THE U.S. HOUSE OF REPRESENTATIVES: The U.S. Chamber of Commerce strongly opposes the $3.5 trillion plus tax and spending spree. This “everything but the kitchen sink” approach to raising taxes and creating new government spending and regulatory programs is an existential threat to America’s fragile economic recovery and future prosperity, and will hamstring America as we work to compete globally, especially with China. No member of Congress can achieve the support of the business community if they vote to pass this bill as currently constructed. The Chamber will include votes on this legislation in our “How They Voted” scorecard.
To put the size of this legislation in context, $3.5 trillion is more than twice the combined annual budgets of all 50 states. This bill would only exacerbate the inflationary pressures that are already raising prices for American families, with the inflation tax falling especially hard on low-income Americans.