A national poll has concluded that most Americans oppose the Democrats’ Inflation Reduction Act.
Don’t count Gov. Gretchen Whitmer (D-MI) as part of the opposition. Whitmer celebrated the bill after the U.S. Congress passed the Inflation Reduction Act.
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The Biden administration’s decision to recruit nearly 90,000 new IRS auditors could have a chilling effect on small businesses and economic growth, permanently impeding our nation’s ability to recover from its current economic malaise.
As part of the misleadingly titled “Inflation Reduction Act,” President Biden and his allies secured roughly $80 billion in new IRS funding to hire 87,000 auditors. This is bad news for the American economy.
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Wednesday morning on The Tennessee Star Report, host Leahy welcomed the original all-star panelist Crom Carmichael to the studio for another edition of Crom’s Crommentary.
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Joe Biden’s “Inflation Reduction Act,” which seeks to “gaslight Americans into thinking it is something that it is not,” will allow Biden and Senator Richard Blumenthal (D-CT) “to tax middle-class American families, to the tune of $10.6 billion in new taxes,” wrote Connecticut Republican candidate for the U.S. Senate Leora Levy in an op-ed Sunday at the Hartford Courant.
Levy, who emerged the victor in the Connecticut GOP primary race to unseat career Democrat Blumenthal, put Biden’s signature legislation into perspective.
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The Inflation Reduction Act is pumping money for electric vehicle initiatives into Republican-led states with congressional representatives who unanimously opposed it.
The new law will offer a tax credit for the production of battery cells at a rate of $35 per kilowatt hour the battery can store, representing a credit of about 35% the cost for a company to fabricate a cell, according to Axios. A survey of major electric vehicle and battery production investments in the U.S. as of June 2022 reveals that roughly 2 out of every 3 are being built in a state with two Republican senators, according to data from Axios.
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The Democrats’ massive climate spending package, which President Joe Biden signed into law on Tuesday, will give over $40 billion to the Environmental Protection Agency (EPA), just as the bill allocates almost $80 billion to expand the Internal Revenue Service (IRS).
The bill, dubbed the Inflation Reduction Act, includes $369 billion in total climate spending, and will give the EPA more than $40 billion in the current fiscal year to combat climate change, enforce environmental standards and secure “environmental justice,” according to a Congressional Research Service report. The EPA’s enacted budget for 2022’s fiscal year was about $9.5 billion, according to the agency figures, meaning the bill will more than quadruple the EPA’s current annual spending.
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Connecticut GOP U.S. Senate candidate Leora Levy observed Senator Richard Blumenthal’s (D-CT) mockery of Americans expressing concern over Joe Biden’s creation of 87,000 new IRS Agents in his legislation that will increase taxes on middle-income Americans and will do nothing to reduce inflation.
“I think the IRS is going to target the highest income Americans,” Blumenthal minimized concern over the Inflation Reduction Act on CNN’s State of the Union recently. “As the saying goes, that’s where the money is. That’s where they’re going to look to collect. The idea that there’s going to be this army of IRS agents defending descending on the average American is just preposterous.”
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PHOENIX, Arizona – Arizona Senate Republican nominee Blake Masters spoke at the recent “Unite and Win” rally in Phoenix, hosted by Turning Point Action, telling Arizonans it is time to get Mark Kelly (D-AZ) out of office.
“You know what, hey, we can respect that he [Mark Kelly] used to be an astronaut,” Masters said. “I’m sure he was really great at it. Doing all the experiments in space or whatever it is that astronauts do nowadays. Let him do that. Because here on earth, he’s failing. Here on earth, we have some big problems. Here on earth, we have massive inflation. Here on earth, in Arizona, there’s an invasion at our southern border.”
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Republican nominee Mark Gonsalves (R-GA-07) called the proposition for IRS expansion made by the Biden administration “the definition of runaway democracy” and criticized his opponent, Lucy McBath, for her support of the incumbent president.
“Tuesday Trivia fact that’s real, believe it or not. Under Joe Biden, the IRS staff will be larger than the combined totals of the FBI, the Pentagon, the Border Patrol, and the State Department. That is the definition of runaway democracy,” Gonsalves said in reference the Inflation Reduction Act of 2022.
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Virginia Democrats trumpeted the Inflation Reduction Act after the House of Representatives passed the legislation on Friday, putting President Joe Biden on the path to a key win on his goals ahead of the 2022 congressional midterms. At the same time, Republicans mocked the bill’s title and criticized its policies.
In a speech on the House Floor, Congressman Don Beyer (D-VA-08) compared the bill to landmark legislation from the U.S.’ past.
“This is our generation’s signature contribution to American history. Our Social Security Act. Our Civil Rights Act, even the Bill of Rights,” Beyer said.
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Arizona Representatives, including Debbie Lesko (R-AZ-08), Paul Gosar (R-AZ-04), and Andy Biggs (R-AZ-05), all recently released statements slamming the Inflation Reduction Act (IRA) as it passed the U.S. House Friday and will move on to President Joe Biden.
“President Biden and congressional Democrats are so out of touch with everyday Americans that they just pushed through a massive tax and spending bill that will increase taxes, gasoline prices, and utility rates all while making the lives of Americans worse,” Lesko said. “I won’t do that to the American people and that is why I voted no.”
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In a major reversal, U.S. Senator Joe Manchin (D–WV) struck a deal with Senator Chuck Schumer (D–NY) to enact a major climate, entitlement, and tax bill. This legislation has been praised by President Biden, Al Gore, and other proponents of highly progressive policies.
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Rather than impose higher taxes and more restrictions on domestic production of oil and natural gas, as Senate Democrats voted to do by passing the Inflation Reduction Act, those in the industry proposed 10 actions policy makers can take right now to reduce costs. The industry says its solutions won’t cost taxpayers $740 billion, as the Inflation Reduction Act does, or increase the national debt or inflation, as 230 economists have warned the act will do.
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TN-5 Republican nominee Andy Ogles on Thursday criticized the Inflation Reduction Act.
According to the Thursday statement obtained by The Tennessee Star, Ogles expressed “strong opposition to the so-called ‘Inflation Reduction Act’ rammed through by Democrats in the Senate over the weekend without a single Republican Vote.”
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Thursday morning on The Tennessee Star Report, host Leahy welcomed Patrick Hedger, Executive Director of the Taxpayer Protection Alliance, to the newsmaker line to discuss the Inflation Reduction Act and the hiring of 87,000 IRS agents.
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Harvard University’s request for an endowment tax cut was denied despite frequent lobbying to Senate Democrats for its inclusion in the Inflation Reduction Act.
The Senate passed the Inflation Reduction Act of 2022 with tax increases on corporations and energy firms but did not include plans to lower the endowment tax, which is tax paid on income from individual donors to colleges, according to the bill. Senior Executive Director of Federal Relations at Harvard University Suzanne Day sent an email in July urging Democratic Senators to eliminate the tax in the upcoming bill.
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On Sunday, the US Senate passed the Democrat-backed $740 billion “Inflation Reduction Act” by a 51 to 50 vote, with Vice President Kamala Harris casting the deciding vote. Many Arizona Republican lawmakers are among those claiming the bill will further impact inflation in a negative way while offering no real-time solution to struggling Americans.
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U.S. Senators Marsha Blackburn (R-TN) and Bill Hagerty (R-TN) criticized President Joe Biden and their Democrat colleagues on the passage of the $740 billion “Inflation Reduction Act” Sunday. As expected, no Republicans supported the measure, and so by a 51 to 50 vote, with Vice President Kamala Harris cast the deciding vote.
The Inflation Reduction Act, described by Forbes as “a slimmed-down version of the Build Back Better bill,” allows the government to control the price of prescription medications, contains funding for fighting climate change, would implement larger taxes for wealthy corporations, expand the IRS by some 87,000 agents, and more more.
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The folly of the Biden administration’s recently announced “Inflation Reduction Act” recalls Orwellian slogans such as “Slavery is Freedom.” The plan will throw fuel on the flames of stagflation while accelerating environmental deterioration. The act would raise an estimated $739 billion through tax increases and heightened IRS scrutiny to then invest $306 billion in “deficit reduction” and $369 billion in “energy security and climate change” to “reduce carbon emissions by roughly 40 percent by 2030.” If ever there were a proposal that failed out the gate, this is one.
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