“There’s an old saying that money doesn’t grow on trees.  This is a lesson lost on Democrats…”

WASHINGTON, D.C. – U.S. Senator Cindy Hyde-Smith (R-Miss.) today cast an emphatic “NO” vote against an astounding FY2022 Reckless Tax and Spending Spree budget resolution that will allow Democrats to impose taxes and new spending exceeding $4.2 trillion to fund a gigantic expansion of federal government programs.

Passage of the budget resolution (S.Con.Res.14) came on the heels of Senate passage of a $1.2 trillion infrastructure package, which Hyde-Smith also opposed as another Democrat-led budget buster.

“There’s an old saying that money doesn’t grow on trees.  This is a lesson lost on Democrats whose intent to spend trillions upon trillions of taxpayer dollars to grow government is astounding by any measure,” Hyde-Smith said.

“I believe the Democrats’ $4.2 trillion reckless tax and spending resolution represents an alarming jump toward a socialist federal government that imposes itself into every home, every business, and every organization in this country.  It embraces a soaring national debt with a hope and a prayer that new taxes and more spending will save us.  For this and many other reasons, I emphatically voted against this plan,” she said.

Among the problematic issues in the Democrats’ Reckless Tax and Spend Plan:

  • $4.2 trillion in new spending over 10 years, including $3.5 trillion in new mandatory spending and $263 billion in new discretionary spending.
  • No restrictions on the amount of tax increases allowed under this budget resolution or through the fast-track reconciliation process.
  • An unenforceable provision to prevent raising taxes on anyone earning less than $400,000.
  • Allows the national debt to soar to $40 trillion (119% of GDP) by 2031.
  • Permits effective flat lined defense investments, resulting in nearly $400 billion in defense cuts compared to current law projections.