On Sunday, as expected, all Senate Democrats (including Joe Manchin and Kyrsten Sinema) plus tie-breaker Kamala Harris voted to pass the $740 billion “Inflation Reduction Act,” and every one of them should immediately be arrested for violating the Truth In Advertising Act.
The Legal Insurrection blog has a much more accurate name for it: the “Schumer-Manchin Middle Class Tax Increase and Green Boondoggle Bill.”
It will actually increase inflation through more massive federal spending on leftist “green” pet projects like subsidies to rich people to buy electric cars, while exploding the size and power of the IRS and placing massive new taxes on struggling businesses and average Americans. The Democrats ignored all the warnings and are actually congratulating themselves for forcing through a bill that spends hundreds of billions of dollars in the midst of rampant inflation and that adds crushing new taxes in the middle of a recession. As Republican Sen. John Kennedy put it, that takes “a special kind of stupid.”
That’s the equivalent of your house being on fire and instead of firefighters, 51 pyromaniacs rush over to pour gasoline on the fire – which they started in the first place.
This came despite numerous warnings from economic analysis groups and over 200 economists that the bill would not reduce inflation, but would increase it while taxing low and middle-income Americans, harming small businesses and destroying an estimated 30,000 jobs.
And here’s something I want every American to be thinking about when they cast their votes in November:
The nonpartisan Joint Committee on Taxation estimates that the majority of the bill’s new revenues will come from taxing Americans making less than $200,000 a year. That includes middle income workers, and even those making less than $10,000 a year. This will be “accomplished” by new taxes on corporations and a 600% increase in the IRS’s budget to hire 87,000 new tax auditors. The Washington Free Beacon reported that this bill will make the IRS bigger than the Pentagon, the State Department, the Border Patrol and the FBI, combined.
If you think that’s just partisan hyperbole, consider that the Republicans offered an amendment to ensure no new taxes would be taken from anyone earning under $400,000 a year, which was one of Joe Biden’s major campaign promises. And Joe Manchin said, “I can’t look the people in West Virginia in the eye and ask them to pay a penny more until I know we’re running this government efficient.” Yet the Democrats voted that amendment down.
And Grover Norquist reminds us that despite the media’s claims that Kamala Harris cast the “deciding vote,” that isn’t true. She wouldn’t have even been there if all 50 Democrats hadn’t voted to put this on your backs, so every last one of them “cast the deciding vote.”
Republicans predicted that Democrats will pay the price for raising taxes and exploding spending, the exact opposite of what the government should be doing to get us out of stagflation.
While we won’t be able even to start to dismantle this atrocity and try to reverse the damage until Republicans hold both the White House and Congress again, putting the GOP in charge of the House will at least put them in control of the budget, and there are things they can refuse to fund. Let’s hope we see brake put on this clown car that’s taking the country over a cliff.
In the meantime, here are some good commentaries on what I hope and pray is the Democrats’ last hooray of irresponsible taxing-and-spending before they are kicked out of office in a landslide.
David Catron of the American Spectator reminds us that when it comes down to the wire, and a big load of taxing, spending and government bloating is on the line, there is no such thing as a “moderate, principled Democrat” who will stand up against the Party and stop it.
(By the way, if you don’t know the old joke referenced in the headline, I won’t recount it, but here it is: https://www.minds.com/
Deroy Murdoch at the Daily Caller looks deeper into the bill, including how much you’ll pay even if you’re in a lower tax bracket, and the longterm damage it will cause that few people are even talking about.
For instance, it's estimated that allowing Medicare to dictate drug prices will result in pharmaceutical companies spending $663 billion less on research and development over the next 17 years, which will result in 135 fewer new medicines, at a cost of 330 million life-years, or about 30 times the loss from COVID-19 so far. To quote Murdock: “In short, the Inflation Reduction Act would leave Americans poor, oppressed, sick and dead.” And this is what they plan to use to get you to reelect them.
Finally, Derek Hunter at Townhall.com is so overwhelmed by the sheer number of incredibly stupid things in the news, he wrote a column compiling just a few of them. Naturally, the Democrats passing this bill is one of them:
He also covers the hysteria over Nancy Pelosi’s visit to Taiwan and the way “health experts” are so worried that telling people the truth about how monkeypox is spreading might spark “homophobia” that they’re outright lying about it and exposing gay people to greater risk of contracting it. That’s giving new meaning to Reagan’s rule that the nine most terrifying words in the English language are “I’m from the government and I’m here to help.”