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.
When we pass the Inflation Reduction Act, working families will get rebates to buy efficient appliances and weatherize their homes. And folks will have tax credits for efficient heating and cooling and rooftop solar.
Families will see their energy bills drop by the hundreds.
— President Biden (@POTUS) August 5, 2022
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.
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