Lankford Joins Press Conference to Discuss Democrats’ Reckless Tax and Spending Spree
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WASHINGTON, DC – Senator James Lankford (R-OK) today participated in a press conference with Senate Republicans to discuss the Democrats’ reckless tax and spending spree, punctuated by not one but two proposals that will cost Americans trillions in tax dollars, increase entitlements, bring in a new radical climate change agenda, and add to inflation that is already starting to impact Oklahomans, especially those on a fixed income.
Lankford opposes the massive debt spending Democrats are proposing as well as Democrats’ insistence on an increased dependence on the federal government.
Lankford: We all know the price of lumber, the price of milk, the price of bacon, the price of gas, the price of rentals, everything continues to be able to go up. That is directly tied to the $2 trillion package that they put forward earlier this year that they called ‘COVID’ but was really the inflation package that they passed. Now I find it very interesting that when Republicans had the opportunity to be able to pass a… bill, we used the opportunity to pass something that would dramatically help everyone in the economy, would lower taxes, and would simplify the structure. Democrats are talking about their bill that they’ll be able to do later on this year to be the largest tax increase that’s ever been done and that will dramatically increase entitlements, the same type of things that were created earlier this year that created more inflation, that’s what they want to do twice as much of. Again we lose track of these numbers because they’re big. So let me just run this past us just real quick.
If we were talking about seconds on this, rather than dollars, a million seconds is 11 and a half weeks. A billion seconds is 31 and a half years. A trillion seconds is 31,688 years. So when they throw around, ‘Let’s do three and a half trillion dollars, and then we’ll figure out later what we want to use it for. Understand the size and the scope of what they’re just throwing out there and to say we need to quote-unquote spend or ‘we need to increase taxes.”