‘Democrats spent 2021 trying to respond to inflation with even more reckless spending, and now they are spending 2022 trying to respond to a looming recession with gigantic tax hikes… Democrats have quite likely inflated their way into a recession and now they want to pile on historic tax hikes to make it worse.’
WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks Thursday, June 16, 2022 on the Senate floor regarding stagflation: