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BREAKING: Senate Democrats pass their CRAP climate, tax, and health care bill (yeah, it sucks)

Added 08-07-22 04:30:04pm EST - “Senate Democrats just voted to raise taxes during a recession.” - Twitchy.com


Posted By TheNewsCommenter: From Twitchy.com: “BREAKING: Senate Democrats pass their CRAP climate, tax, and health care bill (yeah, it sucks)”. Below is an excerpt from the article.

Senate Democrats passed their signature climate, tax and health care package Sunday afternoon, handing a long-sought victory to President Joe Biden and Senate Majority Leader Chuck Schumer even as the bill hit some last-minute snags.

In a 51-50 vote, Senate Democrats approved their party-line package after an amendment process that spanned more than 15 hours. Democrats fought off most GOP efforts to change their fragile deal but did make a change just before the bill’s final passage that adjusted the corporate minimum tax provisions.

The core of the legislation includes lowering some prescription drug prices, providing more than $300 billion into climate change and clean energy and imposing a 15 percent minimum tax on large corporations, plus a new 1 percent excise tax on stock buybacks. The bill also increases IRS enforcement and extends Obamacare subsidies through the 2024 election.

In other words, they’re going to give their pals in Green Energy a bunch of taxpayer money while raising taxes on corporations who will turn around and raise prices for customers who will feel the increase, not the corporations.

Taxes are going to go way up along with energy costs. There will be less money for people to spend and and it's all a political boondoggle with the wealthy getting richer from all the green Investments.


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