Nancy Pelosi gushes about dems passing $60b for “diversity,” “climate crisis” in Inflation Reduction Act.
When asked about reducing the inflation, Biden Advisor Brian Deese said that Americans will “immediately” see relief with Inflation Reduction Act’s tax credit [if they have money to buy first].
On 8/16/2022, Sen. Joe Manchin, D-W.Va., admitted that the Inflation Reduction Act won’t “immediately” temper inflation, telling reporters that the necessary investments needed to bring down prices would take some time. Asked by Fox News reporter Hillary Vaughn whether it was misleading to call the bill the Inflation Reduction Act because it won’t make everyday goods less expensive, Manchin said, “Why would it?” “Well, immediately it’s not,” Manchin said. “We’ve never [said] anything would happen immediately, like turn the switch on and off.”
On 8/12/2022, During debate on the Democrats’ Tax and Spend bill, House Republican Leader Kevin McCarthy warned of the consequences of their out of control spending. McCarthy used his privilege as party leader to take as much floor time as he wanted. His speech went 50 minutes. “But while this bill doubles the number of IRS personnel, it does not expand due process protections for the American people. Worse it includes no income floor who can be audited so for the same people on the other side of the aisle.
Madam Speaker says we are better off than we were two years ago. That somehow I don’t know where they get their gas, but they said their gas price is lower. Let me know because I need to fill my tank up. So when you say that you’re not going to go after every American to audit, you’re not being honest. Just like you’re not being honest about what you did to cause the pain to this country and you have no plan to solve it. You simply double down to the exact same thing you did before. Based upon the past numbers, we know this would mean seven hundred and ten thousand new audits for people who make under seventy five thousand dollars so someone who makes under seventy five thousand dollars, you think they need to pay for this so what you’re going to do is you don’t trust them man figure you say you don’t trust the American public that you’re not going to hire all these people for the IRS so they could be there to help people fill out their tax returns. No these people are going to audit them we’re going to double the size and they’re going to go after you you see there’s a philosophy here Madam speaker one side of this aisle believes in the American people, one side thinks they know best even when the gas price has risen you think it’s lower. I’m sorry to tell you madam speaker the president even amended the gas prices higher but he thought it was a good thing. It was a good thing because you think everybody can go out and buy a new car.
Well we’re going to audit you because we need to go after you because we think you’re not fair you’re not honest and we’re going to make you pay for something else. Just pay for the things we care most about. It cost individuals thousands of dollars in attorney fees, compliance costs, just to be audited by the IRS. Imagine what you would do with an extra ten thousand dollars a year. Imagine how much better you could have used it than the federal government. But somehow you think it’s best you think it’s best. That’s how democrats pay for their pet projects your pocketbook is their plan to fund more inflationary spending this is just a train wreck just waiting to happen.
And with this new power the IRS will snoop around in your bank account your Venmo, your small business then the government will shake you down for every last cent. You know in light of this week’s events let me ask do you really trust this administration the IRS to be fair to not abuse their power. I hope that I’m wrong but history doesn’t lie madam speaker. As I travel the country, a lot of people no different names people who work at the IRS Lois Lerner and others and even when it comes to light. Government is powerful, government is big, government can take as you’ve proven you’ve taken so much from the American public. But now you want to intimidate them. I’ve watched Democrats weaponize the government before and I don’t trust them now.
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Pelosi: $60B for Diversity, Climate new Bill; Manchin: not Immediate; McCarthy: IRS audit under $75K.