If this “Inflation Bill” passes, the government will spend billions on the “climate change” fantasy while raising taxes on most Americans to do it.
This from thepatriotjournal.com.
But it’s not a done deal yet. Senator Kyrsten Sinema (D-AZ) may spoil the whole damn thing. And We the People are hopefully anticipating exactly that.
Recently, Sen. Joe Manchin turned on his state of West Virginia to support this massive spending and tax bill following a perceived under-the-table deal brokered by Chuck Schumer.
From Axios:
Sinema is the one senator potentially standing in the way of Democrats clinching Biden’s longtime goal of passing an ambitious package tackling climate change, health care and taxes…
She views the current $369 billion climate and energy portion of the bill as insufficient for addressing threat resiliency funding…
Sinema has concerns with the structure of the 15% corporate minimum “book tax” and whether the burden could get passed down to employees, the sources said.
Sinema (and other senators) were not a part of the deal, which could be a reason why she might not support it.
Although the democrat has not yet revealed whether she supports the bill, word has leaked out that she wants to make big changes to it.
The Southwest has been experiencing an unusually hot Summer, with droughts hurting many places.
On top of that, Sinema doesn’t seem totally convinced the new 15% corporate minimum tax is right.
Independent groups who have looked at this new bill revealed that, when you remove democrats’ gimmicks, will result in tax increases for most Americans.
But just the corporate tax alone can hurt workers. Big companies always have a way of negating a new tax, by raising prices, cutting back goods and services, or by laying off workers.
It’s unclear how Sinema will decide. But if she pushes these and other changes, it could make the bill unattractive to other democrats.
Sinema’s changes could spell doom for Biden’s spending agenda.
Perhaps Sinema is thinking of her constituents as well as her re-election bid that comes up in November 2024.
UPDATE:
According to USA Today, Sinema said:
[S]he negotiated the removal of a provision to increase taxes on carried interests targeting wealthy investors, resolving a key difference that had held back her support.
Sen. Chuck Schumer said:
I am pleased to report that we have reached an agreement on the Inflation Reduction Act that I believe will receive the support of the entire Senate Democratic conference.
Bottom Line: Elections have consequences. Stolen elections are a real bitch.
