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WASHINGTON, D.C. – U.S. Senator Shelley Moore Capito (R-W.Va.) joined Bloomberg TV’s Balance of Power to discuss her continued opposition to Democrats’ partisan reckless tax-and-spending spree and the negative consequences it would have on West Virginia and the economy.


WHAT WEST VIRGINIANS ARE SAYING: “I mean, when I go to the grocery store in West Virginia, I hear about it every day. People are concerned about their power bills, cost of food, cost of gas. We can't walk away from that, and this bill walks away from that. Even the studies – the Penn Wharton study, I'm sure you've seen – says that inflation will rise a little bit under this but it won't go down. Shouldn't we be doing policies that are going to cause inflation to come down, is where I differ with this.”

GREEN NEW DEAL 2.0: “There's a huge green energy, I'm not anti-green energy, but it is overtaken in this bill. It will hurt our industries in West Virginia, our hard working men and women in oil and gas business or in coal business. That will also I think, hamper our energy security in this country.”

INFLATIONARY IMPACT: “I'll go back to your previous statements where you said Penn Wharton says it doesn't impact inflation one way or the other. Well, we're at 9.1%, so I would hope anything that you're doing, that you're calling a budget or an Inflation Reduction Act, would actually reduce it. So that's a misnomer right there. And I think it satisfies a lot of their constituencies in terms of renewables. I’m all about renewables, but it’s a major foot on the scale… there’s all sorts of things in here that I think have really have lost the focus.”

DEMOCRATS’ PARTISAN POLITICS: “These are things we should, and can, do together. There is a critical mass, I think in the Senate that wants to face these difficult problems together. I know on prescription drugs that Senator Grassley has been working on across the aisle with a lot of other Democrats. This is the way it should be done. Not something that comes up on a Thursday night, a week ago, that all of a sudden now we're going to spend another almost $800 billion and tax a whole bunch of people when nobody really knows what the real impacts of this are.”

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