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FIRST ON FOX: Ohio Democratic Rep. Tim Ryan enthusiastically voted in favor of the Democrats’ Inflation Reduction Act, whose analysis shows it will raise taxes on the middle class, despite repeated calls for middle-class tax cuts.
Ryan has been outspoken about tax cuts, particularly during the campaign when he is running for the open Senate seat in Buckeye state.
“I’ve urged the administration, and anyone else who will listen, to bring an immediate tax cut to Congress for us to pass,” Ryan told Fox News in May.
CBS REPORT: INFLATION REDUCTION ACT MAY NOT ACTUALLY REDUCE INFLATION
“The earned income tax cut, the child tax cut that we had last year is moving this forward so it’s going straight to consumers,” he continued. “And then a general tax cut for workers and maybe small businesses to put money in their pockets.”
“I will work with both parties to bring down costs and get a tax cut for the middle class,” Ryan said in a campaign ad in June. “Because you deserve some breathing room.”
“That’s why I’m going to take on China to bring jobs back to Ohio and fight for a tax cut that puts more money in your pocket,” Ryan said in an ad in May.
Ryan voted in favor of the Democrats’ Inflation Reduction Act as the bill made its way through the House, a bill whose critics warned it would increase taxes and potentially worsen inflation.
“I hear from Ohioans being hit by inflation every day, and that’s why I’ve fought tooth and nail in Congress to get immediate relief at the door.” Ryan said in a press release.
“The Anti-Inflation Act is a historic opportunity to lower prices, reform our health care system, reduce our deficit and make historic investments in domestic energy generation and manufacturing that will propel our nation into the clean energy industry dominate — all while levying a penny in taxes on middle-class Americans is not a thing.”
“Best of all, this bill will enable us to rebuild America’s great middle class and finally level the playing field for our workers to outperform China,” he continued. “By lowering the cost of prescription drugs and health care, creating good-paying jobs, and ensuring a brighter future for our children, this law is a huge win for working people in Ohio and across the country. I look forward to seeing it come into effect.”
But the bill is a tax pain, according to the bipartisan Joint Economic Committee (JEC). will actually trickle down People earning less than $200,000 a year, totaling $16.7 billion in 2023.
The JCT appreciates too the processing industry in America will be hit hardest by the increase, absorbing 52% of the $222 billion tax hike over the next decade.
The Republicans on the House Ways and Means Committee — the committee that oversees taxation — also pointed out that the money in the bill will hire 87,000 new Internal Revenue Service (IRS) agents.
Buckeye State Republicans had spoken out for Ryan over his vote, with Ohio GOP Chairman Bob Paduchik calling the Democratic congressman a “liar and a fraud” in a statement to Fox News Digital.
“Ohioans know that Tim Ryan’s campaign promises are worthless,” Paduchik said. “Ryan has spent the entire general election fighting for a tax cut for the working class, but he just voted for a tax hike that will pull billions out of the pockets of Ohio’s working class. Tim Ryan is a liar and a cheater who cannot be trusted.”
Geno DiFabio, a truck driver running for Mahoning County commissioner, has blasted Ryan as “a typical career politician.”
“After months of saying he wanted a middle class tax cut, he just raised it! Ryan is running against his own failed record because he can’t run with it,” DiFabio said. “Wrong, failed and lied to the people of Ohio! We need to remove Ryan once and for all.”
Ashley Chance, a member of the Mason City Council, told Fox News Digital that he’s seen the “catastrophic impact” of Democrat government spending “firsthand” as a small business owner.
“As a small business owner, I’ve seen firsthand the disastrous effects of Joe Biden and Tim Ryan’s inflationary spending spree,” Chance said. “To make matters worse, in the midst of a full-blown recession, they have hiked taxes. That’s not going to help anyone running a business in Ohio.”
Ryan’s campaign has not responded to Fox News Digital’s request for comment.
President Biden will sign the Anti-Inflation Act into law on Tuesday after a turbulent negotiation process.
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Republicans have warned about the law as critics say it could actually worsen the pressure Americans are feeling on their wallets.
Ryan is running against Republican Hillbilly Elegy writer JD Vance for the open Senate seat.