The hyperinflation machine.
In case your demoncratic associates try to pump Biden’s last bill of BS inflation control, here’s the truth. They always do the most absolute stupid and worse things with their bald-faced lies to Americans with their wasteful, inflationary spending. BTW, taxes are inflation also. Or do they do these things for a reason?
Climate: The bill would infuse nearly $375 billion over the decade in climate change- “on a path to cut greenhouse gas emissions 40% by 2030”.
The mass amounts (tons) of greenhouse gasses come from volcanoes erupting or simply bubbling away in craters, which has increased over the decades. Are they going to put a lid on all of the volcanoes? More unnecessary inflationary spending.
EV tax breaks: For consumers, that means tax rebates to buy electric vehicles.
Car companies are already gouging consumers for cars because of the demoncrat caused inflation, and EVs are even more expensive. EVs get between 300-400 miles between charging, which then takes about 8 hours for a complete charge. Might be fine for commuting, but not traveling over 300 miles. Plus, there is an increase in electric bills, and since EVs no longer pay federal or state gas tax at the pump for roads and bridges, then taxes will go up for the middle class to cover these losses. Besides, about 80% of electricity is produced by oil or gas, and therefore doesn’t solve the problem of cutting fossil fuel emissions. More inflation.
Other tax breaks: For businesses, the bill has $60 billion for a clean energy manufacturing tax credit and $30 billion for a production tax credit for wind and solar...
That means the gov tax monster gets $90 billion less in taxes from businesses, which means more taxes on the middle class. In addition, the tax credit only covers certain materials, about 10% of the cost, and usually doesn’t cover installation or maintenance. It means more costs for businesses, which then raise prices on their products to consumers. More inflation.
Drilling: The bill would impose a new fee on excess methane emissions from oil and gas drilling while giving fossil fuel companies access to more leases on federal lands and waters.
(Hmm… Isn’t this an oxymoron? Tax methane gases yet allow more drilling, which produces more methane?) The oil and gas companies already burn off most of their methane gas emissions. Methane naturally seeps out of the ground and oceans around the world, not just from oil and gas companies. They will have to raise gas prices, again. IF the demoncrats really wanted to do something smart, they could cut the billion-dollar subsidies the gov pays to these companies! Trump already provided more leases to drill, which Biden cut and caused the massive hikes in gas prices. More inflation.
Drought: …would designate $4 billion to combat a mega-drought in the West.
The west already pays a hefty tax on water restoration and recycling water. Do you mean the demoncrats can make it rain? This is just more money for government bureaucrats to spend on themselves.
Prescription costs: The bill would allow the Medicare program to negotiate some prescription drug prices with pharmaceutical companies, saving the federal government some $288 billion over the 10-year budget window.
Catch the word, some. Drug companies will just raise prices on their other drugs. This primarily lowers prescription costs on insulin for seniors, which in turn can get “free” vaccinations. This is another big lie, which most shots are already paid for by at least 80% from medicare or in full by senior’s Type C insurance. It doesn’t help most seniors at all unless it will lower medicare premiums, which has never been done. More hidden inflation from drug companies.
Health insurance: The bill would extend the subsidies provided during the COVID-19 pandemic to help some Americans who buy health insurance on their own.
This is another move by the demoncrats to make up their own constitution to control people's lives, (which they have been trying to do over the past approximate 240 years). They have never set people free from their government control, which our current constitution provides. Our designed republic government by our current constitution was never intended to go into financial or medical or any control over its people. Another hidden tax increase on middle-class Americans. More inflation.
Paying for this: One of the biggest revenue-raisers in the bill is a new 15% minimum tax on corporations that earn more than $1 billion in annual profits.
Corporations lost billions of dollars over the past two years from the demoncratic unconstitutional shutdown of businesses. Because of the unnecessary hyperinflation caused by Biden borrowing $3.5 trillion dollars for roads and bridges, which the federal gas tax already covers, it will take years for most corporations to show a billion-dollar profit. In addition, when these corporations do recover, if ever, they will now be forced to raise their prices by at least 15% on all of their products. More inflation for consumers.
Is it that difficult to see what is really going on? Say goodbye to more of your hard-earned money and freedoms! This hyperinflation will go on forever if demoncrats control this country and you. Wake up! People are the government, not the politicians. Tell the republicans to quit sitting on their hands and do something positive before our country becomes a wasteland.