U.S. Senator Todd Young explains why he voted against the Democrats’ Inflation Reduction Act.

Young issued a statement after the 50-50 vote that had to be broken with a tie vote from the Vice-President.

Young stated that with inflation at a forty-year high and our country in a recession, this bill is the absolute wrong approach to helping Hoosier families.

He said that, despite its name, the legislation does nothing to address rising prices or high energy costs.

Instead, he predicts the bill will raise taxes on nearly every income bracket, spend billions of dollars in Green New Deal waste, double the size of the IRS, and grow big government.