Friday, March 29, 2024

Manchin Touted Inflation Reduction Bill. Now Everyone’s Seen The Truth

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Can we now call the of 2022 a complete failure? I think so. Don't you?

and President Biden passed the $738 billion monstrosity in a fake attempt to reduce to gain political points with voters for the November election. These sleazy Democrats preyed on our inflation fears to spend billions of dollars on clean energy, raise and expand the when there was absolutely nothing that addressed the issue of inflation in the bill. And now we are paying the price for their falsehoods.

This past February, inflation hit a new high of 7.9%, but that's just half of our economic woes. Last week, banks started failing. With our nation being $31 trillion in debt, bailouts are not financially feasible even if we wanted to commit to spending those tax dollars. So six months after this lying legislation goes into effect, our economy is worse off, as most legitimate economists predicted.

As passed, the law authorized $391 billion in spending on clean energy. It is the largest expenditure on climate change ever. How is that working out? One of the reasons why inflation climbed last month was due to the price of gas. So, it is easy to conclude that the windmill strategy is not helping with gasoline prices.

I am sure at some point we will find out that is on the board of a clean energy company.

The Inflation Reduction Act also included a huge $181 billion expansion of the IRS. Once again, how does that reduce inflation? It doesn't. It is a power move to make ordinary citizens even more afraid of the federal .

Of course, the new law raises taxes. It imposes a new minimum corporate tax rate of 15% for companies with an annual income of $1 billion and puts a 1% excise tax on stock buybacks. Like you, I have never seen a tax increase be an economic boost.

None of this helps us out of this growing ! It was another big lie. I am not shocked, but I am very ticked. So, where do we go to get back our tax dollars? If a sold us a false product, we could sue them to get our money back. They could lose their business license. The Better Business Bureau would be issuing a warning. There would be news stories on customers being ripped off. But, not one reporter has called out Biden for the banks collapsing after passing this massive spending bill. However, our feeble President did walk off camera to avoid answering questions. 

I wish we could recall presidents and senators, especially , who sold the nation out on this one.

The opinions expressed in this article are those of the author and do not necessarily reflect the positions of American Liberty News.

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Holly Robichaud
Holly Robichaud
Holly Robichaud first introduced herself to hundreds of thousands of readers writing for the Boston Herald in a column called the Lone Republican. She is an award-winning political consultant for races across the country and the campaign management trainer for the National Federation of Republican Women.

4 COMMENTS

  1. Anybody who believed that ANYTHING the incompetent Biden administration does is going to fix or even HELP inflation is a damned fool.

  2. Clean energy cost us trillions under Obama,now his VP/potus Biden and the democrats are rerunning it under the name of green energy spending trillions
    more on the same failed fiasco enriching their friends. Just were did all those trillions go and who got them ???

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