Mike Franken Wants to Raise Taxes on All Iowans

WEST DES MOINES — Mike Franken supports raising taxes on all Iowans, and this weekend, he doubled down on his support for across-the-board tax hikes. This is the latest example of Mike Franken acting as nothing more than a rubber stamp for the Biden tax-and-spend agenda. In an era of historic 9.1 percent inflation, there’s no worse time to increase taxes on Iowa families.

Chuck Grassley works as THE Inflation Fighter. He has introduced legislation to ease the burden of Biden’s bad economy on Iowa including the Family and Community Inflation Relief Act, which would index tax credits to inflation to help families with the rising cost of living. Grassley also introduced the Middle-Class Savings and Investment Act, which would make it pay to save by expanding the size of the lowest tax bracket (zero) for most middle-class savings and investment income. Grassley has consistently opposed Biden’s inflationary spending program. 

Additionally, Chuck Grassley has repeatedly called for Biden to stop his War on American Energy that blunted America’s energy independence. He’s urged Biden to restore construction of the Keystone XL Pipeline and make E15 year-round permanent, and more.

“At a time of record-breaking inflation contributing to Iowans’ soaring cost of living, Iowans need a Senator who will provide tax relief, not tax hikes,” Grassley Works Communications Director Michaela Sundermann said. 

BACKGROUND:

This weekend, Mike Franken called the Inflation Reduction Act, or more aptly called the Inflation Enhancement Act, a “great step forward” and applauded its passage. Analysis by the Tax Foundation states that the partisan tax-and-spending spree will make inflation worse and according to the nonpartisan Joint Committee on Taxation, Americans making less than $400,000 will see tax increases. Sky-high inflation effectively serves as a tax hike on all Americans.

Additionally, at a debate hosted by Iowa PBS, Mike Franken told the moderators he wants to “repeal the Trump tax breaks,” which provided tax relief for lower and middle-income earners as well as small businesses and farmers in Iowa. However, according to a Tax Foundation analysis, every income group in each one of Iowa’s Congressional districts had a tax cut from the Tax Cuts and Jobs Act. Repealing these cuts would mean every income group in Iowa would see a tax hike.

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