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GOP Offers Tax, Trade Policies Aimed at Combating Inflation
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WASHINGTON—Congressional Republicans are beginning to detail their plans to combat inflation and soften its impact on households, indicating some tax, trade and regulatory policies they might pursue if they take control of the House and Senate in this fall’s midterm elections.
Sen. Chuck Grassley (R., Iowa) on Tuesday is proposing to adjust a tax-code provision for inflation and reduce some taxes on investments. Meanwhile, Republicans on the House Ways and Means Committee are outlining their anti-inflation agenda, calling for rescinding unused federal spending, reducing regulation and negotiating new trade agreements.
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