Romney Amendment to $3.5 Trillion Reckless Tax and Spending Bill Would Prevents Democrats from Passing Largest Tax Hike in American History

WASHINGTON—U.S. Senator Mitt Romney (R-UT) today offered an amendment to the Democrats’ fiscal year 2022 budget resolution which would ensure that Democrats do not use reconciliation to pass the largest tax increase in American history.

“The Democrats’ $3.5 trillion budget proposal—the largest spending bill in American history—would expand government by creating wasteful programs and requiring excessive social spending,” Senator Romney said. “Not only would the plan blow a $1.75 trillion hole in the deficit, it would also include another $1.75 trillion in steep tax increases on hardworking Americans. My amendment would prevent Democrats from passing devastating tax increases on individuals, hiking taxes on job creators, super-charging the IRS, and eliminating the current cap on the SALT Deduction – which is nothing more than a tax cut for the wealthy living in blue states.”

Under the budget resolution, the Senate Finance Committee is directed to increase revenues, including massive tax hikes. The Romney Amendment would preserve the successful tax reforms found in the 2017 Tax Cuts and Jobs Act, and ensure the reconciliation bill is not used for any tax increases.

Text of the amendment can be found here.