Inflation "Reduction" Act
Do you remember when President Biden said, “under my plan, nobody earning less than $400,000 a year will pay an additional penny in new taxes”?
Well, apparently, Joe Biden doesn’t remember because this partisan bill he’s been pushing for - the so-called “Inflation Reduction Act'' - would increase taxes on ALL Americans at every income level. All in, it will total $54 billion new taxes just this year.
Will this bill help reduce the inflation driving up prices in communities across the country? Take it from Bernie Sanders: it will have a minimal impact on inflation. Also, there would be $25 billion in new taxes on your car’s gas, leading to even higher gas prices.
Will this bill help us cure cancer or Alzheimer’s? No. In fact, it would actually reduce pharmaceutical research and development by $663 billion over the next two decades, killing over 340 possible cures.
Will this bill make our nation more secure? Absolutely not. But it would more than double the size of the Internal Revenue Service (IRS), making it bigger than the Pentagon and Border Patrol COMBINED.
This is the Biden playbook: push the liberal agenda at all costs, even if it wrecks the American economy, and then claim he’s doing something else entirely. He really thinks we’re that stupid.
I voted no on this bill, and I will continue to fight for working Americans against this tyranny in the White House.