All across this great nation of ours, there is a sense of financial doom hanging like a wet blanket. It’s curbing our spending, it’s forcing our habits into remission, and it’s keeping us from truly prospering as we should…especially as we exit the coronavirus pandemic.
Inflation is at its highest level in 40 years, gas prices are just now beginning to creep down from their all time highs, and Americans are having a rather tough time even finding an affordable place to live.
Yet, despite this, the Democrats have now finally forced Joe Manchin of West Virginia to get on board with a massive spending bill that will divvy up vast sums of American taxpayer dollars for “climate change” Obamacare, and more.
Republicans aren’t pleased with the prospect of a revived version of Build Back Better after Sen. Joe Manchin, D-W.Va. and Senate Majority Leader Chuck Schumer announced they came to an agreement on a reconciliation package.
While some details of the reconciliation package are unclear, Manchin said in a statement that the bill will contain a minimum 15% tax on companies worth more than $1 billion and will also have investments in energy, which include nuclear, renewables and fossil fuels.
Manchin said the bill will be titled the “Inflation Reduction Act of 2022.”
Nobody on the right side of the aisle believed that the bill would reduce inflation, however.
Sen. Marsha Blackburn, R-Tenn., commented on the announcement, tweeting, “Build Back Broke.”
Senate Minority Leader Mitch McConnell in a tweet said the reconciliation package contains “giant tax hikes” that would “kill thousands of American jobs.”
“Democrats have already crushed American families with historic inflation. Now they want to pile on giant tax hikes that will hammer workers and kill many thousands of American jobs. First they killed your family’s budget. Now they want to kill your job too,” McConnell wrote.
The Biden administration has largely been in denial about the possibility of a recession looming over the horizon, but with this much money now tied up in their progressive policies, it will be hard to deny that they really don’t have a clue about fiscal policy as a whole.