There’s no doubt the Regime will use this legislative ‘victory’ as a means to convince voters of their positive work for the country when really they’ve just made everything worse.
On Tuesday, the cognitively deficient President allocated $430 billion in money the U.S. doesn’t have to fight the invisible monster of climate change while also creating a heavily-armed tax-collecting militia — all paid for by increased tax revenue.
The American people have been bewildered by the massive propaganda campaign surrounding the Inflation Reduction Act. The name alone is a blatant misnomer used to obfuscate the language of the bill, which gives Democrats the ability to make egregious claims about a piece of legislation that in fact does unnecessary harm to a large portion of Americans.
Biden claims only profitable corporations and uber-wealthy Americans will see an increase in their tax bill, but every economist plus anyone else with the ability to understand basic economics knows that isn’t the case.
The Inflation Reduction Act will begin to restore fairness to the tax code by making America’s largest, most profitable corporations pay their fair share.
— President Biden (@POTUS) August 16, 2022
Here’s a thought, Joe: What happens when governments raise taxes on corporations? Do these businesses simply just eat the costs of a higher tax bill? Or do they pass down the cost to consumers, who will now be forced to pay higher consumer prices?
For someone as wealthy as Biden, he seemingly doesn’t understand how the ultra-wealthy get away with paying little to no income taxes.
The bill raises the corporate minimum tax to 15% and spends more money on bolstering the ability of the IRS to enforce taxes.
This idea pushed by the Democrats and Biden’s White House that the ‘Inflation Reduction Act’ somehow lowers inflation while adding nearly a trillion dollars to the national debt AND reducing the economy’s ability to produce is so crazy the liberal media isn’t even buying it.
Hell, some of the most progressive lawmakers in office admit the bill does nothing to stop inflation.
JOE BIDEN: The so-called “Inflation Reduction Act” will definitely “reduce inflation.”
BERNIE SANDERS: Actually, it will basically do nothing.pic.twitter.com/VB92Ey1hpp
— RNC Research (@RNCResearch) August 16, 2022
Lets ask Jamie what part of the inflation reduction act will help bring down inflation pic.twitter.com/kmXYj4Mxg2
— DaneG (@Dane__Garcia) August 16, 2022
The true nature of the bill, the reason for its existence, is so Biden can claim he made a historic investment in climate change.
The bill spends $386 billion on green energy subsidies and tax credits.
Tax incentives for clean air, subsidies for electric vehicles, new fees for oil and gas companies — and much more.
Taxpayers are also on the hook for $98 million in additional Medicare spending.
On stage with Biden during the ceremony was Sen. Joe Manchin, whose vote secured this legislative victory for the Regime. The mentally retarded President appeared lost and confused when addressing Manchin, handing him the official pen as if it were the first time they met.
Joe Biden looks confused after signing the inflation reduction act. pic.twitter.com/dAE7jokTS3
— Real Mac Report (@RealMacReport) August 16, 2022
Predictably, conservatives are really pissed about this new bill as it’s a bold-faced lie meant to confuse the American people into thinking actual improvements will be made when really our economy will only tighten even further as a result of the bill’s existence.
Today @POTUS signed the poorly named Inflation Reduction Act. Not only will their Tax and Spend Act exasperate inflation, but it will raise taxes, raise gas prices, and supercharge the IRS against the middle-class.
— Rand Paul (@RandPaul) August 16, 2022
Meanwhile, Biden promoted the bill as a major success and even implicitly criticized the media for their skepticism about getting his agenda passed. He said:
“Today, too often we confuse noise with substance. Too often, we confuse setbacks with defeat, too often we hand the biggest microphones to the critics and the cynics, who delight in declaring failure while those committed to real progress do the hard work of governing.”
Joe Biden and his corrupt regime full of globalist billionaires, climate change bureaucrats, progressive child groomers, and D.C. careerists have officially lorded over America’s demise.
Author: Ann Taylor