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.
You should quit listening to the demoncratic lying narrative and realize what is really going on. And Yes, I am a borderline genius so I do understand a lot about everything.
The highest-income 20% of Americans have increasingly shouldered a larger share of the cost of government, their net contribution increasing by more than 200% since the 1980s.
According to the Congressional Budget Office, "The top 10% still pay the most in taxes"
This is even when the CEOs now get most of their benefits in stock options, taxed at a lower capital gains rate.
Both parties have to spend money to run the gov. But the issue is there is too much gov, created by a stupid demoncratic party creating unnecessary programs with their inflationary 'money is free programs' so keep borrowing. There is no such thing as free money and we and our children childrens children will end up paying for it. Of course, Biden and his cronies nor you will be alive so who cares, right?
"Scientists have also recently discovered that Katla (a volcano) emits vast amounts of CO2 -- it's in the top five globally in terms of CO2 emissions from volcanoes -- so Katla is certainly a very interesting, very gassy volcano." from Science Daily.
This doesn't include all of the subterranean volcanoes estimated to release 27 tons of methane.
When methane escapes from volcanoes and combines with oxygen, it forms CO2. NOT A MYTH.
Gore was not a scientist nor an expert, but simply a mouthpiece for those groups who still want to control the people in the world, AND they are gaining ground while we are daily losing more freedoms.
Actual office of the budget data since Ronald Reagan shows that Republican administrations have spent more and increase the debt more than Democratic ones.
Volcanoes? That is one of the crazy myths. At the rate the permafrost is melting, the threat of methane release is very real and may already be reaching the tipping point that will have been caused by our use of relatively inexpensive fossil fuels for the last 200 years. Clearly pointed out by Gore who was shouted down by unscientific people. I am not an economist but I understand economic principles. Are you?
Ron
Sandie