On 8/9/2022, Joe Biden delivered remarks and signed into law the CHIPS and Science Act of 2022. Biden was joined by Senate Majority Leader Chuck Schumer (D-NY) and House Speaker Nancy Pelosi (D-CA) on the South Lawn of the White House. President Joe Biden shook Senator Chuck Schumer’s hand and then appeared to have forgotten and reached out his hand again. So he shook hands with air and thought Schumer left him hanging.
On 8/12/2022, House Republican Whip Steve Scalise criticized Democrats for raising taxes on struggling American families, workers, and small businesses to pay for their far-left, radical agenda “They don’t have a full CBO report on this bill. You heard the old adage, ‘You got to pass the bill to find out what’s in it.’ That’s what they’re doing today. That’s why they’re rushing this bill through today. It doesn’t even have a [full] review from the Congressional Budget Office!
“But just a few hours ago, we got this, and it was a confirmation that the IRS agents will be getting about $20 billion in new taxes from people making less than $400K. That’s right, the CBO just confirmed it a few hours ago. “So, President Biden, who made that promise multiple times, ‘If you make under $400K. Don’t worry, your taxes don’t go up.’ This bill breaks President Biden’s promise. It’s confirmed by the CBO, and there was an amendment to stop it from happening, and every Democrat voted against it. They wouldn’t allow us to bring that amendment here on the floor because they’re ramming it through because they don’t want people to know what’s inside of this bill.
“[There is] $700-plus billion in new taxes. budget gimmicks that say for the new taxes [that are] over 10 years, they’re only going to count for three years of spending, which means if you account for [the] full 10 years, it increases the deficit. And, of course, during inflation and this crisis we’re facing economically, this bill will increase inflation and gas prices. Let’s reject the bill [and] go back to the drawing board. I yield back the balance of my time. And I rise in strong opposition to this bill that will absolutely increase the deficit, it will absolutely increase inflation, and this bill will absolutely increase energy costs.
“In fact, they have a multi-billion-dollar new tax on energy. [I] haven’t heard one person in America saying that they want to pay more money for gasoline, yet they’re putting billions in new taxes on energy. So, you’ll be paying not only more for gasoline, but you’ll be paying more for utility bills in your household, which are already skyrocketing because of President Biden and Speaker Pelosi’s radical, far-left spending [that] they’ve already done the last year and a half.
On 8/12/2022, Republican Rep. Lauren Boebert had her mic cut on the House floor as she blasted the Democrats’ Inflation Reduction Act. The Colorado Republican argued that encouraging inflation data was evidence that the bill didn’t need to be passed. ‘Mr Speaker, isn’t it so? Joe Biden himself said inflation rates is at 0 percent. So what the heck are we doing here? Why are we passing the so-called Inflation Reduction Act if it’s at O percent,’ Boebert said. ‘The gentlewoman’s time has expired,’ the chair said, banging a gavel, interrupting the Colorado congresswoman. Boebert continued to plow through her speech.
‘And it does the exact opposite of what Americans need right now. This is just another con game by the Democrats calling something one thing and saying another. This is making the IRS – with armed agents – larger than the Pentagon, the State Department, the FBI,’ she continued, shouting over the gavel and other members yelling. Her mic was eventually cut. The Republicans then gave her 30 additional seconds to finish up. ‘I can only see why this was rushed through committee and put on the floor …,’ Boebert said, getting cut off, as she had run out of time. Boebert relented, with Democratic Rep. John Yarmuth up next.
On 8/10/2022, Democrat Speaker of the House Nancy Pelosi insisted her son Paul Pelosi Jr. had no business dealings on the Asia trip she brought him on, during her weekly press conference.
On 8/10/2022, President Joe Biden took a victory lap after inflation climbed 8.5% from last year, during his remarks from the White House. “Before I begin today, I want to say a word about the news that came out relative to the economy. I want to say a number. Zero. Today, we received news our economy had 0% inflation in the month of July. 0%.” – Biden said. Biden said, “wages are up,” even though real wages are declining, and real income is lower under his administration. Biden also said my “economic plan is working.” Biden said his tax hikes won’t raise taxes for people making under $400,000, even though that is not true.
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HYGONews Week’s Most Popular Stories 8/14; Inflation Reduction Act passed, CBO report little impact inflation