https://twitter.com/ScottTParkinson/status/1555618468355084290
My friends at @RepublicanStudy
, Chaired by @Jim_Banks
, have released the most comprehensive analysis of the so-called "Inflation Reduction Act", publishing 50 radical policies in the atrocious Schumer/Manchin bill.
The bill taxes, spends, & regulates America…1/
…into a deeper Biden recession, higher Bidenflation, & less economic freedom.
Schumer/Manchin spends $369 billion on green/radical environmental climate policies…effectively subsidizing the CCP. 2/
Schumer/Manchin increases taxes by over $700 billion, just days after the U.S. officially entered the Biden Recession, which has been felt by the American People for many months through a 40+ year high in inflation, exceeding 9%. The bill worsens the supply chain crisis, 3/
and kills over 27,000 U.S. manufacturing jobs and will vastly increase energy costs in America.
The bill is loaded w/ budgetary gimmicks so that Manchin can argue it will reduce deficits. These budgetary smoke & mirrors are exposed by CBO's analysis, …/4
which includes 87,000 new IRS agents that will work to fulfill Socialist Dems' mission to confiscate wealth in America.
Spending $80B to hire an Army of IRS agents? Increasing taxes by over $739B? Socialist Dems' redistribution of wealth takes from People, gives to govt. /5
@ScottTParkinson
·
3h
Biden's admin will use these IRS agents to spy on people making financial transactions totaling more than $10,000 annually.
Next up, more Socialism, more socialized medicine, more Socialist price controls to force drug manufacturers to accept whatever prices Joe Biden… /6
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Great read.