A camel is a horse designed by committee. The Inflation Reduction Act is Build Back Better designed by Democrats who so desperately need something to run on —something to put on Joe Biden’s sad little desk —they birthed this boondoggle beast of a bill.
The corporate media, of course, will celebrate the passing of this bill. Not surprisingly, they also have no idea what’s in it —it’s a Frankenstein’s monster of Democrats’ worst ideas.
“Let’s double the size of the IRS and give them weapons,” said no American ever.
And at $740 billion dollars, with no guarantee of having any positive effect on inflation, the Congressional Budget Office is no fan of this bill, either.
According to The New York Post, “An analysis by the CBO estimates those earning less than $400,000 — the group on which Biden promised not to raise taxes — will pay an estimated $20 billion more in taxes over the next decade as a result of the Democrat-pushed $740 billion package, which also sets aside $80 billion to hire 87,000 IRS agents.”
The Post continues: “The CBO analysis confirms an earlier report from the Joint Committee on Taxation that found that throwing an extra $80 billion at the IRS to improve the agency’s collection of under-reported income will end up targeting small business owners to pay for the legislation.”
Feeling good about President Joe Biden’s Inflation Reduction Act? The smartest thing about the bill is the name —that took guts, Democrats —bravo. You named the bill for the desired outcome —knowing full well it would do the opposite. Sly dogs, you.
What else is in this delicious democrat hobo stew? Oh, look —AOC’s climate wishlist.
According to the Pipeline, “in addition to containing much of Alexandria Ocasio-Cortez’s ‘Green New Deal’ spending, it also holds 40 pages of amendments to the Clean Air Act (CAA).
It just keeps getting better. And the worst part? This won’t address kitchen table issues one bit —it’s all self-serving, climate-alarmist bull. And that’s a shame because Americans need help.
According to a report in The Washington Free Beacon, Americans are flying through their savings to weather Bideninflation: “More than a third of Americans have drawn on their savings accounts to handle rising prices, taking out hundreds of dollars on average, according to a recent survey by New York Life Insurance Company.”
The WFB continues: “Since January, 36 percent of Americans have drawn an average of $617 from their savings to pay their bills, the company found. Nearly 90 percent of those surveyed expressed anxiety that a recession is approaching, and roughly a third reported being ‘uncertain’ or ‘anxious’ about their personal finances.”
Somewhere Pete Buttigieg is wondering: why don’t they all just buy electric cars?