Gross Issues Statement on Inflation Reduction Act

On Friday, August 12, 2022, the U.S. House of Representatives passed the Inflation Reduction Act (IRA). President Joe Biden is scheduled to sign this piece of legislation into law later this week.

Recognizing how the IRA will affect her constituents in Ohio House District 52, State Representative Jennifer Gross (R-West Chester) issued the following statement:

“I am pro-business. The Inflation Reduction Act, on the other hand, is not. The IRA opposes the American Dream and hurts the working class. By imposing taxes on corporations, including a new 15% corporate minimum tax rate, the federal government is impeding small business growth while pretending to fend off inflation.

“Many people in Congress disagree with the IRA, including Representative Warren Davidson (R-OH) whose no-vote I support. The need for Vice President Kamala Harris’ tie-breaker vote in the Senate proves that this legislation is not bipartisan.

“Even the Congressional Budget Office admits that this bill will barely make a dent in inflation in the long-run. Furthermore, this Act would eliminate 29,000 full-time equivalent jobs and raise taxes on crude oil, according to the Tax Foundation.

“As a member of the Business First Caucus, I remain devoted to making Ohio a more business-friendly state. Moving forward, I will continue to support families, workers, and small businesses in my district to strengthen all Ohio communities.”