Republican Rep Says Inflation Reduction Act Will ‘Push Jobs Overseas’

Republican Rep. Pete Sessions (R-TX) blasted Democrats’ Inflation Reduction Act on Thursday, arguing that the legislation’s tax increases are going to undermine American businesses.

“Republicans do not believe at all that this will be a reduction of inflation,” Sessions said in an interview Thursday. “They’re going to tax people who go to work. They’re going to tax the small businesses.”

Sessions added that the $430 billion spending bill would also “push jobs back overseas” and increase prescription drug prices.

“What will happen is you will have more companies that move overseas,” he said. “You will have pharmaceutical companies quit making the next generation of drugs, and you will see that these 87,000 new IRS agents are there to just halt the free-enterprise system.”

Multiple nonpartisan studies have supported Sessions’ claim that the Inflation Reduction Act is not going to reduce inflation. Analysis from the University of Pennsylvania’s Wharton School of Business, for example, found that the measure’s effect on rising prices would be “statistically indistinguishable from zero.”

In the interview, Sessions also said he believes the spending bill will ultimately be detrimental to Democrats. The Republican lawmaker predicted that American voters would “speak loudly” in the midterm elections.

“Republicans won’t tolerate this,” Sessions said. “The American people will speak and speak loudly in November. That’ll turn back what I believe is outrageous spending by the big government, and we will have an answer for that.”

Despite unified Republican opposition to the bill in Congress, Democrats were able to pass the Inflation Reduction Act on a purely partisan basis. The measure passed the Senate 51-50, with all Republicans voting against it, all Democrats voting for it and Vice President Kamala Harris breaking the tie.

The bill was then passed by the House of Representatives, again with complete Democratic support and Republican opposition.

President Joe Biden signed the bill into law on Tuesday, when he claimed the measure was a victory for the American people.

“With this law, the American people won, and the special interests lost,” Biden said. “This administration began amid a dark time in America … and yet we’ve not wavered, we’ve not flinched and we’ve not given in.”