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The Inflation Reduction Act Passes
Renaming Build Back Better Bill to Inflation Reduction Act doesn't change it's effects
About our image from the movie Sudden Impact: If you’re enough of a buttercup that needs to be told, so be it - we are NOT condoning any violence towards ANY one… unless of course, they punch first
The Senate passed a historic bill, Democrats cheering as VP Harris cast the tie-breaking vote.
The bill that significantly affects health care, climate as well as tax policy looked dead just a few weeks ago.
It now moves to the House where passage is expected Friday when the House reconvenes.
The Act dedicates $64 billion to extending healthcare subsidies for 3 years for some Affordable Care Act users (aka Obamacare).
This has been a high priority for the Biden administration and congressional Democrats because some subsidies are set to expire Jan. 1, 2023.
If this was allowed to transpire, those affected will find out about their increased premiums this fall ahead of the midterm elections and the change would push the next expiration beyond the 2024 election.
The Act also includes $369 billion to combat “climate change” and incentives for consumers to buy electric and hydrogen vehicles.
Let’s face it, if you can’t afford a $70,000 gas guzzler, you STILL can’t afford a $70,000 electric or hydrogen powered vehicle.
How many gas guzzlers blow up or run out of control while on autopilot on their owners anyway?
The Democrats claim the deficit will be reduced - which, IF they could get all the taxes they are planning on, it will - however, the average American family is already experiencing nearly $6000 increase in costs, now Joe and the Democrats want to start taxing more of what you are buying and more of the services you use.
Credit card debt is already climbing and faster than it did under Jimmy Carter’s economic fiasco that saw 25% inflation - today, the government is saying inflation is just under 10%.
That’s what the progressively run and dominated government are saying - history says things are always worse than whatever they admit.
This is the reality as of June 2022 (blue line is the real inflation rate, red is what the government is selling you)- does this look like everyone can afford to pay more taxes on top of what is going on now?…
Click the button above on the Senate voting record - if they voted for this bill, let them know they are on their way out for the next election…
Or don’t which means you need to shut up while just paying your extra taxes….
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