Taxing companies: Biden

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So, President Biden’s plan which was part of the Inflation Reduction Act (IRA) was as I’ve said many times to tax the “companies” which in his opinion is a good idea. I guess he didn’t think about the fact that those same companies will pass the increases on to the consumer. Or he just didn’t care and said “I'm not raising taxes on the people” yeah right.

But on Thursday, cutting nearly $3 trillion from the deficit over a decade, by raising taxes on companies and people earning over $400,000 a year, will be a topline goal, according to an administration official.

That’s what Biden said. So who thinks that those same companies won’t raise the prices of their goods & services? It’s a no-brainer. In the IRA many tax breaks were given to the rich and those companies who produced only green energy not to mention the huge tax breaks for EV’s which only the rich can afford.

He tries to make it “sound” like he’s helping the middle class when in reality, he’s hurting them while giving breaks to the rich and companies that meet his criteria. Look, you either raise taxes on all the companies or not at all. By raising the taxes on the energy companies & gas & oil companies we all will be paying more when they raise their rates/prices.

This President thinks he’s cutting the deficit, yet he wants congress to “increase the debt” limit. The only way to cut the deficit is to not raise the debt limit and start to even lower the debt limit.

It’s time for our government to stop helping all the lobbyists, the hundreds that are constantly descending into the Capitol trying to get congress to pass something for them, not the people. These lobbyists spend millions to procure favors from all of congress. All that money spent, we pay for in higher prices.

It’s time for the republicans in congress to stand up and say “no more” debt limit increases. Then say “we want a Balanced Budget” because there’s just to much “spending” by congress and mostly democrats. Democrats talk like they are cutting the budget, but they’re not. Otherwise why do they need a debt limit increase?

No, congress needs to pass a Balanced Budget like the one Clinton had and we actually saved money with that balanced budget.

The problem and reason democrats don’t want a balanced budget is because then they wouldn’t be able to spend trillions some of which is “nonsense money” but the republicans are also guilty of this, but just not in as large a number and not as “open about waste” as democrats are they feel they “can’t be touched”.

Not to worry, the democrats will come up with bill that they “claim” will reduce taxes, but what else is inside that bill? ask them that. In the Senate Sen. Schummer will tell them they only have “3 days to vote on a 4,000-page bill” like last time. Is that anyway to run the Senate/ of course not, unless your hiding something. The democratic way, hide everything then give an extremely short time to vote on it. All one needs to do is look at the past bills. Pelosi’s “famous” Just pass it, we’ll read it later.

In closing I want to thank all the Veterans for their service and sacrifices to keep us all safe.

God Bless & Good health

G