WASHINGTON, D.C. – U.S. Senator Marsha Blackburn (R-Tenn.) introduced ten amendments to the Democrats’ nearly $739 billion tax and spending spree. If passed, Senator Blackburn’s amendments would stop tax increases on small businesses and middle-income Americans, prevent policies that increase energy prices, and block the Chinese Communist Party from undermining American academic and agricultural interests.

“Inflation is at a 41-year high, and the left’s spending is making it even worse. As written, the Democrats’ Build Back Broke spending spree is a disaster. My amendments offer straightforward solutions to the problems the left’s spending caused,” said Senator Blackburn.

View the floor speech here.

BACKGROUND:

Blackburn’s Amendments Will Lower The Price Of Energy For Tennesseans By:

• Striking the section that raises the royalty rates charged on federally leased onshore and offshore oil and gas production
• Striking a provision that reinstates the Superfund excise tax on domestic crude oil and imported petroleum products at a rate of 16.4 cents per gallon through 2032, beginning 2023

Blackburn’s Amendments Will Lower Costs, Cut Taxes, And Decrease Spending By:

• Ensuring any changes to tax law do not raise taxes on small businesses
• Ensuring the additional IRS enforcement funding does not increase taxes on taxpayers earning below $400,000 and prohibit enforcement activities from increasing audit rates against taxpayers earning below $400,000
• Reducing Internal Revenue Service user fees by 95 percent for any persons with a gross income of $5,000,000 or less
• Prohibiting the IRS from collecting or using taxpayer biometric data
• Lowering the cost of prescription drugs without stifling innovation and ensuring patients access to life-saving medication and treatment options
• Providing tax exemptions on financial assistance given to transportation providers

Blackburn’s Amendments Will Cut Off Communist China From Buying U.S. Farmland And Spying On American Colleges:

• Including reforms to delineate American institutions of higher education from Chinese Communist Party influence
• Ensuring no grant under the bill may be provided to agriculture producers that are associated with the Chinese government