Senator Mike Braun released the following statement today after the GDP fell once again in the second quarter, indicating a recession.
Following a wave of inflation Senator Braun predicted would be kicked off by the $2 trillion American Rescue Plan Act, the U.S. economy has now contracted for the second consecutive quarter.
“Hoosiers didn’t need a GDP report to know that they’re paying the price for Joe Biden’s reckless spending agenda and D.C.’s incompetence. Senate Democrats didn’t go for solution to cut wasteful spending and unleash growth, so what’s their plan? Hike taxes and spend another couple trillion we don’t have on stuff we don’t need!”—Senator Mike Braun
Last week, Senator Braun put forth a comprehensive solution to fight inflation by balancing our federal budget to unleash American prosperity and energy independence. The final vote on the Senate floor was 34-65.