Who Are The Winners And Losers In Democrats “Inflation Reduction” Bill

By William Teach August 8, 2022 – 6:45 am

You know one thing that’s not a winner? Inflation reduction. No one is mentioning inflation reduction now

Winners and Losers in Democrats’ Signature Tax and Energy Bill

President Joe Biden and Senate Majority Leader Chuck Schumer are the biggest winners now that a huge piece of Democrats’ economic agenda is hurtling toward enactment.

That remains to be seen come the elections in November. Will Republicans take advantage of the terrible bill? Who are the winners (there are more at the link)

  • The Wealthy
  • Electric Carmakers (that most Americans cannot afford)
  • Renewable Energy (that will increase the price of energy for middle and lower class Americans in a time of skyrocketing energy prices)
  • Oil Companies (in theory, but, not practice, as the Biden admin will not allow more drilling, nor will the activist groups)
  • The IRS

That last one should be fun

Supercharged IRS Will Audit Lower- and Middle-Income Earners

“Congress wants more tax revenue because it can’t control its appetite for spending. That’s why it wants a tax agency in beast mode,” writes the Editorial Board of the Wall Street Journal in a new op-ed.

The new Manchin-Biden Build Back Better bill allots $80 billion in new funding for the IRS – more than six times the agency’s current annual budget.

Included in the $80 billion is funding to send 87,000 new IRS agents after you and your family-owned business on the belief that everyone is a tax cheat. The IRS has already been targeting lower and middle income earners, yet Democrats want to hire new IRS agents to audit individuals and small businesses. They’ve also promised to revive their invasive bank surveillance scheme.

If anyone thinks all these extra IRS agents will target The Rich, well, sure, some, but, they have lots of accountants and lawyers to be used to fight the IRS. The mom and pop running the nail salon, burger joint, and other small businesses don’t. Nor individuals. The IRS can simply come for your bank account and make you prove you didn’t make a mistake. And there is almost no way to stop this unless the GOP has the House, Senate, and White House come 2025. Will they balk in making sure 87,000 IRS employees are promoted to private citizen?

Who are the losers

  • Republicans (will see how that plays out in the mid-terms)
  • Pharmaceutical Companies (until they figure out ways around this. I’m not against lower prices, but, there are always unintended consequences when Congress plays these games)
  • Tech Companies (this is about a minimum tax and stock buybacks. I doubt many of us care about them paying more, but, again, unintended consequences, plus, you know there must be a loophole, since they mostly donate to Democrats)
  • The SALT Caucus (bummer, Democrats in Dem states cannot write off more due to high state taxes)
  • Bernie Sanders (yeah, he wanted more spending).

Not mentioned was the middle class, liberty, freedom of choice, and affordable products. Things like air conditioning units and furnaces had already been slated to go up thousands of dollars next year. You can bet refrigerators, washers and dryers, and so many other products will, too. Windows, insulation, wood, you name it.

Read: Who Are The Winners And Losers In Democrats “Inflation Reduction” Bill »

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Democrats Finally Pass Climate Bill Or Something

By William Teach August 7, 2022 – 4:23 pm

Media outlets aren’t even pretending this is about inflation reduction

History’s Greatest Obstacle to Climate Progress Has Finally Fallen
Democrats in the Senate passed a bill that would, for the first time ever, use Congress’s power to push the U.S. to decarbonize.

….

But now, on a broiling August day 34 years after Hansen spoke, that record began to change. After an all-night session that stretched from Saturday evening into Sunday afternoon, Democrats voted along party lines to pass the first comprehensive climate law in American history. The bill will touch every sector of the economy, subsidizing massive new investments in renewable and geothermal energy, as well as nuclear power and carbon capture and removal, and encouraging new clean-energy manufacturing industries to develop in the United States.

It is the first economy-wide emissions-reduction bill adopted by the Senate. At more than $369 billion, its investment in climate change is the largest in the country’s history. (snip)

Only a last-minute, hail-mary negotiating effort from Manchin and Senate Majority Leader Chuck Schumer salvaged the package. Manchin only endorsed this bill, rechristened the Inflation Reduction Act, in exchange for Schumer’s promise that Congress will, later this year, revisit rules governing where energy facilities are located. The bill passed today reflects Manchin’s particular concerns for the future of the fossil-fuel industry, and in particular West Virginia’s gas companies.

Here’s some pieces before passage

Nor the AP

Read More »

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Posted in Democrats, Economy, Global Warming, Taxation | 5 Comments | Trackback URL

If All You See…

By William Teach August 7, 2022 – 1:00 pm

…are wonderful low carbon bikes, you might just be a Warmist

The blog of the day is Flag And Cross, with a post on an arrest made in the case of an ambushed pro-life teen.

It’s strained tops week.

Read: If All You See… »

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Sorta Blogless Sunday Pinup

By William Teach August 7, 2022 – 9:12 am

Patriotic Pinup Pearl Frush

Happy Sunday! Another gorgeous day in the Once and Future Nation Of America. The Sun is shining, the hummingbirds are buzzing, and I’m still loving my new AC system. This pinup is by Pearl Frush, with a wee bit of help.

What is happening in Ye Olde Blogosphere? The Fine 15

  1. This ain’t Hell… discusses PINO Joe and the Secret Service disagreeing on fences
  2. The O.K. Corral covers bad reporting from the Toronto Sun
  3. The Last Refuge notes McDonald’s dumping plant meat alternative, because no one was buying it
  4. The Hayride has thoughts on not caring about Brittney Griner
  5. The Gateway Pundit notes a woman banned from a pool for complaining about a cross dresser peeping at little girls
  6. Powerline covers the Biden admin’s war on agriculture
  7. Pacific Pundit discusses the bodega worker shot in NYC deciding to go to the Dominican Republic
  8. neo-neocon highlights the lights going out in Europe, as Trump warned
  9. Moonbattery notes why Batgirl won’t be released
  10. Legal Insurrection discusses Ted Cruz blasting the FBI for designating patriotic symbols as evil
  11. Jihad Watch notes Islamic countries being either angry or very sad
  12. Gen Z Conservative covers a moonbat ESPN host trying to cancel Mt. Rushmore
  13. Geller Report discusses a scientist testifying that Fauci lied about gain of function
  14. Dissecting Leftism notes the hidden side effects of COVID vaccines
  15. And last, but, not least, Da Techguy’s Blog covers the Navy having manpower issues

As always, the full set of pinups can be seen in the Patriotic Pinup category, or over at my Gallery page (nope, that’s gone, the newest Apache killed access, and the program hasn’t been upgraded since 2014). While we are on pinups, since it is that time of year, have you gotten your Pinups for Vets calendar yet? And don’t forget to check out what I declare to be our War on Women Rule 5 and linky luv posts and things that interest me. I’ve also mostly alphabetized them, makes it easier scrolling the feedreader

Don’t forget to check out all the other great material all the linked blogs have!

Anyone else have a link or hotty-fest going on? Let me know so I can add you to the list. And do you have a favorite blog you can recommend be added to the feedreader?

Two great sites for getting news links are Liberty Daily and Whatafinger.

Read: Sorta Blogless Sunday Pinup »

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Comrade Bernie Says Inflation Reduction Act Will Have Minimal Effect On Inflation

By William Teach August 7, 2022 – 7:00 am

He still voted to begin debate on Build Back Better version 4, and, you know he will vote for this non-inflation reduction bill

Bernie Sanders says Inflation Reduction Act will have ‘minimal impact’ on inflation

Vermont Independent Sen. Bernie Sanders adopted a tone more similar to that of Congressional Republicans than Democrats on Saturday when he said that the hotly debated Inflation Reduction Act will do little to reduce inflation.

“Madam President, I want to take a moment to say a few words about the so-called inflation reduction that we are debating this evening,” Sanders said on the Senate floor on Saturday night. “And I say so-called, by the way, because according to the CBO, and other economic organizations that study this bill, it will, in fact, have a minimal impact on inflation.”

Sanders went on to criticize the bill by saying that it does not address childhood poverty, income inequality, or the “dysfunctional” healthcare system in the United States.

Sanders explained that the bill “turns its back on the working parents of this country and our children.”

What Comrade Bernie really wants to do is spend more money, which would certainly have an effect, right? Just not the one he’s looking for, because the bill already is dangerous

Over 230 economists warn Manchin’s spending bill will perpetuate inflation

A letter sent to House and Senate leadership from 230 economists argues that the Inflation Reduction Act is expected to contribute to skyrocketing inflation and will burden the U.S. economy, contrary to President Biden and Democrats’ claims.

The economists wrote in the letter first obtained by Fox News Digital that the U.S. economy is at a “dangerous crossroads” and the “inaptly named ‘Inflation Reduction Act of 2022’ would do nothing of the sort and instead would perpetuate the same fiscal policy errors that have helped precipitate the current troubling economic climate.”

The economic experts point to the $433 billion in proposed government spending, which they argue “would create immediate inflationary pressures by boosting demand, while the supply-side tax hikes would constrain supply by discouraging investment and draining the private sector of much-needed resources.”

Here’s the thing: Democrats do not care. They see themselves losing the House, and possibly the Senate, so, they want to ram through their agenda, knowing that the GOP will not be able to roll it back unless the GOP wins the White House in 2024, and keeps the Senate and House, and then they’re counting on the GOP forgetting to do away with the legislation. It’s a good bet. And they do not care if it hurts the middle class. Like this

It doesn’t matter if the tax increase are small, they’re increases, and with 87K more IRS agents, they’ll make damned sure they get every cent out of your wallet.

Hundreds? Over what time period? Why would some pay thousands to replace their appliances when they are working well, and won’t get that back in credits? And those appliances will go up in price if there are actual rebates. Do you have $10k to put solar panels on your home? What about those who do not own homes and cannot afford them now? Weatherization costs have skyrocketed. Seriously, rebates and incentives on products that most in the middle and lower classes cannot afford. This is a giveaway to his rich voters.

Read: Comrade Bernie Says Inflation Reduction Act Will Have Minimal Effect On Inflation »

Posted in Democrats, Economy, Joe Biden | 11 Comments | Trackback URL

Bummer: Great Barrier Reef Showing High Coral Cover

By William Teach August 6, 2022 – 3:00 pm

According to the Cult of Climastrology, ‘climate change’ continues to get more and more apocalyptic, which dooms corals (even though coral loves warm water, and lots of islands and atolls were created when the seas were higher), so, how does this happen?

Parts of Australia’s Great Barrier Reef show highest coral cover in 36 years

Two-thirds of Australia’s Great Barrier Reef showed the largest amount of coral cover in 36 years, but the reef remains vulnerable to increasingly frequent mass bleaching, an official long-term monitoring programme reported on Thursday.

The recovery in the central and northern stretches of the UNESCO world heritage-listed reef contrasted with the southern region, where there was a loss of coral cover due to crown-of-thorns starfish outbreaks, the Australian Institute of Marine Sciences (AIMS) said in its annual report.

“What we’re seeing is that the Great Barrier Reef is still a resilient system. It still maintains that ability to recover from disturbances,” AIMS monitoring programme leader Mike Emslie told Reuters.

“But the worrying thing is that the frequency of these disturbance events are increasing, particularly the mass coral bleaching events,” he said.

The thing is, could the events and loss of coral be from other things? We see the problems with the starfish (also blamed on climate crisis): could ocean pollution be a cause? It’s the most likely, while a areas like Australia practicing better clean water policies helps, but, an occasional influx of polluted water from places like China and India could cause problems. Do we have any way to compare this to what happened during the Medieval Warm Period and Roman Warm Period?

On the northern region, average hard coral cover grew to 36% in 2022 from a low of 13% in 2017, while on the central region hard coral cover increased to 33% from a low of 12% in 2019 – the highest levels recorded for both regions since the institute began monitoring the reef in 1985.

Could any of this be do to the lower levels of other atmospheric gases than CO2 due to COVID lockdowns? Be worth looking at. Regardless, it’s just another case of the climate cult’s talking points of Doom taking a hit.

Read: Bummer: Great Barrier Reef Showing High Coral Cover »

Posted in Collapsing Science, Global Warming | 2 Comments | Trackback URL

If All You See…

By William Teach August 6, 2022 – 1:25 pm

…is a field that would be perfect for solar panels, you might just be a Warmist

The blog of the day is The Right Scoop, with a post on Biden denying National Guard for all the D.C. illegal aliens.

Doubleshot below the fold, check out Weasel Zippers, with a post on leftists dominating the FBI domestic most wanted terrorist list.

Read More »

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Posted in If All You See | 15 Comments | Trackback URL

Democrats Cancel Senate Covid Policy To Attempt To Pass “Inflation Reduction Act”

By William Teach August 6, 2022 – 10:30 am

These are the same people who tell us to get our 9th booster and wear a mask everywhere (and wear them mostly for show themselves, while Biden tested positive a 3rd time despite being isolated), who threatened GOP members with fines for refusing to cooperate with the Dems COVID policies

‘Don’t Test, Don’t Tell’: Senate Democrats Cancel COVID Policy to Ram Through Reconciliation Bill

Senate Democrats have reportedly canceled their coronavirus testing policy over the weekend to ram through a reconciliation bill, dubbed the “Inflation Reduction Act.”

“Senate Democrats, some of whom have decried their G.O.P. colleagues’ lenient attitude toward masking, have adopted an unofficial ‘Don’t Test, Don’t Tell,’ protocol of late, particularly as they endeavor to pass the historic Inflation Reduction Act this weekend,” Puck reported.

The change in policy is a result of Democrats fearing their coronavirus policy may undermine their ability to pass the legislation.

What if someone has COVID? If Republicans were scumbags like Democrats, one of them would have caught it and brought it to the Senate floor earlier in the week

The Puck piece is behind a pretty good paywall, cannot see it with Pocket or 12 Foot Ladder, here’s the whole excerpt if you don’t want to click on Twitter

So, it could be a superspreader event. How ironic would it be if a bunch of Democrats came down with Wuhan Flu next week?

The bill, however, is not finalized. Under Senate reconciliation rules, the Senate parliamentarian still must resolve several issues with the partisan legislation, such as Medicare drug price negations, climate change, and health care provisions. Democrats are using reconciliation to circumvent the 60 vote filibuster proof filibuster.

The bill as it’s meant to be voted on is not online yet at Congress.gov. You know most Democrats have not read it, they don’t know the implications or impacts. And it might not be ready at anytime today. If Republicans were smart, they would not come to work today. Article I, section 5 of the Constitution requires that a quorum (51 senators) be present for the Senate to conduct business. If zero Republicans show, that means just 50 Senators, and, no, VP Harris would not be considered 51.

And then there’s this

What’s in the Senate Democrats’ landmark ‘Inflation Reduction Act’?

….

Tax analysts argue that the legislation would help American families who make less than $400,000. Democrats say it would reduce inflation at least in part by lowering the deficit, a key priority for Manchin.

The bill would reduce federal budget deficits by $102 billion over 10 years, according to the nonpartisan Congressional Budget Office.

That’s all ABC News is able to say on the potential inflation reduction. I’ve read the piece 3 times. I cannot find anything else. Which is the way most Credentialed News pieces go: calling it the Inflation Reduction Act and unable to provide anything to show it reduces inflation. “Democrats say” is not the flex they think it is, and $102 billion over 10 years is nothing.

Read: Democrats Cancel Senate Covid Policy To Attempt To Pass “Inflation Reduction Act” »

Posted in Bat Soup Virus, Democrats | 29 Comments | Trackback URL

Bummer: California Hates Fossil Fuels But Needs Them For Power

By William Teach August 6, 2022 – 7:15 am

Does California really hate fossil fuels? Obviously, the minority which votes Republican doesn’t. But, what of the typical Democrat voter? They profess they hate fossil fuels and want them gone, and support silly initiatives like suing fossil fuels companies, blocking construction of new gas stations, doing away with the sale of fossil fueled vehicles in the near future, forcing Other People onto public transportation, and others. And. certainly the elected Democrats and their appointees hate them. But, see, there are two problems. First, almost all these people are refusing to give up their own use of fossil fuels. Second

California scorns fossil fuel but can’t keep the lights on without it

California wants to quit fossil fuels. Just not yet.

Faced with a fragile electrical grid and the prospect of summertime blackouts, the state agreed to put aside hundreds of millions of dollars to buy power from fossil fuel plants that are scheduled to shut down as soon as next year.

That has prompted a backlash from environmental groups and lawmakers who say Democratic Gov. Gavin Newsom’s approach could end up extending the life of gas plants that have been on-track to close for more than a decade and could threaten the state’s goal to be carbon neutral by 2045.

“The emphasis that the governor has been making is ‘We’re going to be Climate Leaders; we’re going to do 100 percent clean energy; we’re going to lead the nation and the world,’” said V. John White, executive director of the Sacramento-based Center for Energy Efficiency and Renewable Technologies, a non-profit group of environmental advocates and clean energy companies. “Yet, at least a part of this plan means going the opposite direction.”

It’s all fun and games until the Cold Dead Mackerel Of Reality slaps them in the face. It’s really easy to believe in Doing Something about anthropogenic climate change in theory, not so much in practice. Want to put up off and on short wind turbines? That’s great, right up till extreme enviros and rich folks who like their views sue. Solar farms? Yeah, same enviroweenies will sue to stop them over something or other.

The legislation, which some Democrats labeled as “lousy” and “crappy,” reflects the reality of climate change. Heat waves are already straining power capacity, and the transition to cleaner energy isn’t coming fast enough to meet immediate needs in the nation’s most populous state.

Officials have warned that outages would be possible this summer, with as many as 3.75 million California homes losing power in a worst-case scenario of a West-wide heat wave and insufficient electrical supplies, particularly in the evenings.

It’s also an acknowledgment of the political reality that blackouts are hazardous to elected officials, even in a state dominated by one party.

Yeah, well, California has been pushing this for decades, and still doesn’t have the power generation necessary to replace coal, oil, and nuclear. If the leftist there really Believe, they should be willing to suffer for those beliefs, right?

Read: Bummer: California Hates Fossil Fuels But Needs Them For Power »

Posted in Climahypocrites, Collapsing Science, Global Warming | 11 Comments | Trackback URL

Funny: Buses From Texas Carrying Illegals Arrive In NYC

By William Teach August 6, 2022 – 7:00 am

The mayor of NYC is going to be even more unhappy. He supports the heck out of illegal immigration, as long as it’s not his city

Texas governor sends migrants to New York City as immigration standoff accelerates

Texas Governor Greg Abbott, a Republican, said on Friday he has started to send buses carrying migrants to New York City in an effort to push responsibility for border crossers to Democratic mayors and U.S. President Joe Biden, a Democrat.

The first bus arrived early on Friday at the city’s Port Authority Bus Terminal in midtown Manhattan carrying around 50 migrants from Bolivia, Colombia, Ecuador, Honduras and Venezuela. Volunteers were helping to steer people who had no relatives in town to city resources.

“Most of them don’t have anybody to help. They don’t know where to go, so we’re taking them to shelters,” said one volunteer at the bus station, Evelin Zapata, from a group called Grannies Respond.

One family of four from Colombia, who ended up at a homeless intake center in the Bronx, were unsure of where they would spend the night. Byron and Leidy, both 28, said they left the country’s capital Bogota because they were having trouble finding work. They did not provide their last name.

“It’s a little easier to enter the country now, before it was very hard to come here with children,” said Leidy, who traveled with her kids Mariana, 7, and Nicolas, 13. She said the family had hoped someone they knew in New York would take them in, but that plan did not work out. “We came here because they said they would help us find a place to sleep to not have to stay in the street,” Leidy said.

Easier? You don’t say.

Abbott said New York City Mayor Eric Adams could provide services and housing for the new arrivals.

“I hope he follows through on his promise of welcoming all migrants with open arms so that our overrun and overwhelmed border towns can find relief,” Abbott said in a statement.

Let the progressives in NYC put their money where they’re mouths are.

Oh, and this one is hilarious

“With no plan for what came next.” I don’t think they really care, since Democrats were fine with unfettered illegal immigration in border towns

Read: Funny: Buses From Texas Carrying Illegals Arrive In NYC »

Posted in Democrats, Illegal Immigration | 8 Comments | Trackback URL
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