Good day all. As I wrote previously Senator Joe Manchin has just stabbed America and his own constituents in the back. Biden and Schumer have provided him with sufficient bribe money for him to back the new crushing taxes that Dementia Joe said he would never impose. (Only the brain dead believed that)
When he was pretending to run for office while hiding out in his Delaware bunker, Dementia Joe’s handlers had him promise that he would never raise taxes on anyone earning less than $400K. Of course, Bumbles Dementia Biden has always been a pathological liar and never met a tax hike he didn’t want to double. Now the latest iteration of “Build Back Broke” now has a chance of sinking the economy once and for all. Here are the details from the New York Post:
The energy and health care deal from Sens. Joe Manchin and Chuck Schumer would raise taxes on millions of Americans earning less than $400,000 annually, Senate Republicans say, citing nonpartisan data.
The Congressional Joint Committee on Taxation found that taxes would jump by $16.7 billion on American taxpayers making less than $200,000 in 2023 and raise another $14.1 billion on taxpayers who make between $200,000 and $500,000.
That’s what they’ve found so far. This is yet another of the Communazis favorite “We must pass the bill in order to know what’s in the bill” deals.
During the 10-year window, the average tax rate would go up for most income categories, the Senate GOP said, citing the data from the joint committee. And by 2031, new energy credits and subsidies would have people earning less than $400,000 pay as much as two-thirds of the additional tax revenue collected that year, the release said.
This is the group of people who actually hire other people. They are the ones driving the economy onwards, unlike the Communazis who prefer to drive the economy, right into the ground.
“Americans are already experiencing the consequences of Democrats’ reckless economic policies. The mislabeled ‘Inflation Reduction Act’ will do nothing to bring the economy out of stagnation and recession, but it will raise billions of dollars in taxes on Americans making less than $400,000,” said Sen. Mike Crapo, an Idaho Republican who sits on the Senate Finance Committee as a ranking member, and who requested the analysis.
For the likes of Schumer, Biden and Machin, inflation is a great thing. As the dollar decreases in value, then people will be paid more to make up the difference. In short order, everyone will be making the levels that put them in the $200K range, and then they can steal even more and create ever greater levels of poverty and government dependence.
“The more this bill is analyzed by impartial experts, the more we can see Democrats are trying to sell the American people a bill of goods,” Crapo added.
Sell a bill of goods? I beg to differ Senator, They’re not selling anything. Selling implies listening to the customer and making adjustments to get the deal. The Communazis don’t sell anything. You will accept it or else, is their way of doing things.
But Democrats are objecting to the GOP’s assertions, with a spokesperson for Senate Finance Chair Ron Wyden (D-Ore.) stating families “will not pay one penny in additional taxes under this bill,” according to Politico.
The spokesperson, Ashley Schapitl, also said the JCT analysis isn’t complete because “it doesn’t include the benefits to middle-class families of making health insurance premiums and prescription drugs more affordable. The same goes for clean energy incentives for families,” Politico reported.
Let’s look at the last time they said they would “Make healthcare more affordable,” shall we? Does the name “Obamacare” ring any bells?
Manchin, in touting the bill, said it “would dedicate hundreds of billions of dollars to deficit reduction by adopting a tax policy that protects small businesses and working-class Americans while ensuring that large corporations and the ultra-wealthy pay their fair share in taxes.”
He said on CNN Sunday the bill is “not putting a burden on any taxpayers whatsoever.”
On “Meet the Press,” he said, “I agree with my Republican friends, we should not increase and we did not increase taxes.”
The claim that it doesn’t raise taxes or cause more inflationary issues is already being debunked by actual economists, (Which Paul “Kruggles” Krugman is not, no matter how many degrees and Nobel Prizes he has), start wading through the bill. If this thing passes it will be yet another financial disaster for America.
Still there is a very slight chance that this will go down to defeat. Krysten Sinema hasn’t said that she will support it and she was also instrumental in derailing the original Build Back Broke bill. It really depends on how interested she is in doing the right thing or doing a major “Screw You!” To her constituents in Arizona. She is up for reelection and will probably lose. If she helps pass this, she will definitely lose as will the American Taxpayers.
Thatisall
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