After Senate Passage, Democrats Drop Claim of Inflation Reduction Within Inflation Reduction Act
Prior to the 51-50 passage of the massive $700+ billion democrat spending bill, they called it the “inflation reduction act.” However, after Senate passage they are now calling it the climate change bill. Funny how that happens.
The bill itself contains absolutely nothing that will lower inflation; in fact, the bill itself will raise supply-side inflation in direct proportion to the energy production it reduces. To offset the contracted revenue caused by a much smaller economy, the Democrats have doubled the IRS tax army that will enforce personal income tax compliance.
The income tax compliance portion of the bill is very significant on two fronts. First, it literally doubles the size of the IRS, giving them much more power to conduct audits and capture taxes from income earned. As a review of tax audits has shown, the ordinary U.S. taxpayer is the target of this increase enforcement mechanism, not corporate tax review.
WASHINGTON – […] The bill, a product of 18 months of intense wrangling, passed by a margin of 51 to 50 on Sunday with Vice-President Kamala Harris casting the deciding vote. It was previously blocked by two Democrat senators who shared Republican concerns about its cost.
The Senate bill includes $369bn for climate action, the second largest investment on Green New Deal spending in US history. The largest bill on climate change was the previous Obama-era American Recovery and Reinvestment Act (AARA), that paid billions of dollars to solar groups (ex. now bankrupt Solyndra) and climate energy companies connected to Democrat donors.
In the current bill, high income households will receive up to $7,500 in tax credits to buy an electric car, or $4,000 for a used car. Rich people will get discounts on their $100,000+ automobiles. Billions more will be spent, yet again, on the production of “clean technology” such as solar panels and wind turbines.
Keeping the cultural war as a top priority, the Senate has also included $60 billion for ‘environmental justice‘ given to the leaders of black communities that have “suffered the most from fossil fuel pollution” according to the bill authors. This mechanism helps Joe Biden pay back the black community, specifically BLM and the AME church network, who were instrumental in executing the ballot harvesting fraud that pushed Biden into office.
“After more than a year of hard work, the Senate is making history,” Schumer said shortly before final passage. “This bill will kickstart the era of affordable clean energy in America, it’s a game changer, it’s a turning point and it’s been a long time coming.” [link]
And just like that, the inflation reduction language is dropped.
The bill passed containing the same provisions as it always did, it’s the Green New Deal spending and tax proposal.
I dislike these people immensely.
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