Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Freedomworks (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Breaking Down The Big Bad Bill

% of readers think this story is Fact. Add your two cents.


This week, Senate Majority Leader Chuck Schumer and Senator Joe Manchin reached an agreement to advance President Biden’s Big Government Socialism agenda. While our economy is in the midst of a recession and inflation is at a 40-year high, Senate Democrats’ solution is to increase the pain families are already feeling by raising taxes and doubling down on their failing policy agenda. Sen. Joe Manchin’s (D-W.V.) so-called Inflation Reduction Act is nothing more than Build Back Better 2.0. 

CLICK HERE TO TAKE ACTION ON THIS ISSUE

Greenlit by the misguided passage of the CHIPS-Plus Act, this latest attempt to ram through President Biden’s failed policy agenda without a single Republican vote has disaster written all over it. Over $400 billion in spending for left-wing priorities and $700 billion in tax hikes, this package will only worsen matters. 

Raising Taxes and Ignoring Spending 

  • $313 billion corporate tax hike that will be passed on to American families. 
  • $124 billion for IRS bureaucrats.
  • $14 billion increase on capital gains taxes that will discourage investment.
  • The package makes NO meaningful effort to curtail reckless spending in Washington.

Attacking Medicine

Unfortunately, Build Back Better 2.0 buys into the ridiculous notion that heavy-handed government policies can improve healthcare. In reality, socialized medicine reduces access to lifesaving pharmaceuticals and stifles innovation.

  • $70 billion extending Obamacare subsidies while at the same time implementing Medicare price negotiation. 
  • $288 billion in socialized prescription drug pricing that will make lifesaving medicine more scarce and stifle innovation. 

Green New Deal Policies

Democrats claim that their package will bolster domestic energy production. But what the bill really does is supply hundreds of billions of dollars in tax credits and subsidies for green energy. Build Back Better 2.0 is a grab bag of green corporate welfare and left-wing priorities such as environmental and climate justice. 

  • $369 billion in total of spending for Green New Deal priorities.
  • Over $60 billion in so-called “environmental justice” grants, subsidies, and tax credits. 
  • $20 billion for climate-smart agriculture.
  • $20 billion in loans to build new clean vehicle manufacturing facilities.
  • $30 billion  in tax credits for the production of electric vehicles, solar panels, and wind turbines.

What next?

Americans must make clear that the problems facing the United States are not a result of a lack of taxes. Instead, the reckless spending habits and big government policies are directly responsible for the dire economic situation families find themselves in. This package will not reduce inflation; it will only make matters worse.

Take Action Here:

The post Breaking Down The Big Bad Bill appeared first on FreedomWorks.


Source: https://www.freedomworks.org/the-big-bad-bill/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.