Everyone Will Be Affected: Sen. Lankford on SVB Bankruptcy

Published: 3/14/2023, 6:05:35 PM EDT

Sen. James Lankford (R-Okla.) criticized President Joe Biden's bailout of Silicon Valley Bank customers on the Senate floor on Tuesday.

“What’s really happening is a backdoor tax increase on every single American, just not using IRS to do it; they’re using community banks to do it all over the country,” he said.