THE DEMOCRATS’ BILL: “INFLATION REDUCTION ACT” Translation: When Democrats say ‘reduction’ that means it’s going to do the opposite. Senate Passed $700 Billion ‘Inflation Reduction’ Bill yesterday: (Sunday, Aug. 7, 2022)
LIST: 50 Radical Policies in the Inflation Reinforcement ActCongressman Jim Banks (R-IN) and the Republican Study Committee produced a list of the “far-reaching and far-left cultural and economic policies hidden in bills 725 pages of legislative text.” FULL LIST: Here. SUMMARIZED LIST 2a. Increases taxes on American companies by $313 billion, just days after the U.S. officially entered the Biden Recession (currently, a 40+ year high in inflation, exceeding 9%). 2b. Kills 27,000 jobs. (Page 2) 2c. Hits working class Americans even harder by worsening current supply chain problems and raising energy costs. 3. Fake Deficit Reduction: Gimmicks in the bill: Spending on the Obamacare bailout is $184 billion more than claimed by Democrats. Spends $400+ billion on Green New Deal giveaways. The CBO will score no savings from the Democrats $80 billion scheme to spy on and harass Americans with 87,000 new IRS agents. The bill adds $114 billion in new debt over 10 years. 4. Reduces American investment by increasing taxes on carried interest income by $14 billion. This will kill jobs, cause pensions to lose billions of dollars, reduce wages for working 5. Biden’s IRS Army: Adds $80 billion to hire IRS agents who will spy on Americans making financial transactions totaling more than $10,000. 6. Price Controls to Kill Life Saving Drugs: The bill would institute a socialist price control 7. Obamacare Expansion: : The bill would extend the Obamacare subsidy expansions which can even benefit people making as much as $300,000. (page 231) 8. Payoff to Union Bosses which will kill jobs and are pay-off to labor union bosses. 9. Forces taxpayers to give $60 billion in corporate welfare to green energy 10. “Environmental justice”: The bill establishes a new “environmental justice solar and wind capacity limitation program” to give a windfall to solar and wind energy production companies. (page 276) 11. Gives Tax Breaks for Rich People to Buy Green Appliances and forces working class Americans to pay for it. (page 331) 12. Tax Breaks for Rich People to Buy Solar Panels. (page 344) 13. Tax Breaks for Fancy Green Corporate Offices. (page 347) Last fiscal year, this tax break cost taxpayers nearly $200 million. 14. Tax Breaks for Construction of Green Homes. This credit forces taxpayers to subsidize the 15. Subsidizing Electric Vehicles for the Wealthy paid by working class taxpayers. (pages 366, 387) 16. $10 billion Subsidies for inefficient green energy paid by taxpayers. (page 406) 17. Making Energy MORE Expensive – Part 1: The bill would inexplicably raise the Superfund excise tax rate on crude oil and imported petroleum from 9.7 cents/gallon to 16.4 cents/gallon. (page 440) 18. Forces taxpayers to subsidize facilities that use inefficient energy sources and increase energy prices. (page 442, 464) 19. Making Energy MORE Expensive – Part 2: The bill would increase energy costs for consumers by permanently extending certain taxes paid by coal mining operations. (page 524) 20. Radicalizing the Department of Agriculture: $20 billion funneled through the Department 21. Cow Farts are BACK! The bill would require the Secretary of Agriculture to use taxpayer money to feed cows food that won’t make them fart. (page 529) 22. $8.45 billion for “Environmental Justice” in Agriculture – Part 1: to support Climate-Smart agriculture. (Page 528) 23. $3.25 + $1.4 billion for “Environmental Justice” in Agriculture – Part 2: for the Conservation Stewardship Program and the Conservation Easement Program. (Page 530) 24. $6.75 billion to promote “Environmental Justice” in Agriculture – Part 3: for the regional conservation partnership program. (Page 532) All of these are supposed to mostly focus on reduction of greenhouse gas emissions. 25. $1 billion in Free Money! Additional funding for renewable energy storage projects, but the 26. $9.7 billion in taxpayer funded subsidies for the construction of solar energy and other renewable energy systems in rural areas (Page 543) 27. $1.5 billion to plant trees in liberal cities. 28. $500 million slush fund for the Biden administration to carry out its radical climate 29. $4.5 billion for free green appliances. (Page 595) 30. $40 billion of taxpayer backed climate change loans for the Secretary of Energy to support “projects” that reduce greenhouse gases. (Page 600) 31. $3 billion in Electric Vehicle Subsidies – Part 1.The bill would unleash the Biden administration to provide an untold amount of loans for electric vehicle development backed with taxpayer money. (Page 603) 32. $2 billion in Electric Vehicle Subsidies – Part 2 for the DOE to provide grants for domestic production of hybrid, hydrogen fuel cell, and electric vehicles (page 604). 33. Quarter TRILLION of Guaranteed Green Loans: $5 billion in spending to support $250 billion 34. Making Energy MORE Expensive – Part 3: The bill would increase royalties paid by energy companies, which will be passed along to consumers in the form of even higher prices. (Pages 632, 633) 35. Making Energy MORE Expensive – Part 4: The bill would also balloon other fees applicable 36. Making Energy MORE Expensive – Part 5: The bill would also expand royalty requirements 37. $1 billion to give away free zero-emission heavy duty vehicles, including to contractors, local governments, and school districts. (Page 650) 38. $27 billion to Force Low-income Communities to Rely on Unreliable Energy Sources. (Page 658) 39. $60 million in taxpayer subsidies for so-called diesel emission reductions grants, which in the past have 40. $87 million to launch a propaganda campaign to “educate” communities on reduction of greenhouse gas emissions. (Page 668) 41. $5 million to fund the radical ESG Movement for the EPA to support “transparency” surrounding “corporate climate action commitments.” (Page 675) 42. Carbon Labeling: The bill would force taxpayers to waste $100 million for labeling 43. Climate Justice Crusade: The bill would give $3 billion for the EPA to spend on, among other 44. Infrastructure is Racist…Again: The bill would spend $3 billion for the Department of 45. Greening Federal Office Space: The bill would waste $2.15 billion of taxpayer money to 46. Low-Emission Highway Materials: The bill would hand $2 billion of taxpayer money to 47. Ignoring Biden’s Border Crisis: Rather than spending a dime to address his ongoing border 48. Electric Postal Trucks: $3 billion for a new fleet of electric Postal trucks. (page 717). 49. Equity Enforcement: The bill would spend $25 million for the the GAO to ensure that the 50. Raiding the DRF: The bill would authorize the Biden administration to raid the Disaster Relief Fund for purchasing low-carbon materials instead of helping communities reeling from natural disasters. (Page 719) |
Archive for the ‘Government Waste’ Category
List: 50 Reasons Why Dems’ “Inflation Reduction Act” is Bad for Americans
Posted by FactReal on August 8, 2022
Posted in Economy/ Finance, Government Waste, Left | Tagged: Democrats, Economy, Inflation, Taxes | Leave a Comment »
Hollywood Welfare Paid by Taxpayers
Posted by FactReal on February 25, 2013
George Clooney’s film, Argo, received $6.21 million in tax credits |
![]() |
Via Forbes:
|
RELATED – Hollywood’s Pious Hypocrisy |
Posted in Government Waste, Left, Myths Busted | Tagged: Democrats, Hollywood, Left, News, Politics | Leave a Comment »
Illegal Immigration Costs $113 Billion to US; Illegals Pay only $13 Billion in Taxes
Posted by FactReal on February 4, 2013
ILLEGAL IMMIGRATION IS A NET FISCAL BURDEN ON U.S. TAXPAYERS A 2010 study found that: 1) Illegal aliens get more in government services than they pay in taxes Illegal aliens impose more than $113 billion per year in costs on the U.S. government at all levels — federal, state, and local — and pay only $13.4 billion in taxes, creating an annual net fiscal deficit of almost $100 billion, which have to be paid by the U.S. taxpayers. (Scroll down for table.) 2) Illegal aliens file tax returns to get free money from the IRS These tax benefits are the main reason why some illegal aliens file tax returns — not because they suddenly care about the U.S. laws … laws they broke when they entered this country illegally, when they decided to work without authorization and use fake or stolen identities. |
TOTAL COST OF ILLEGAL IMMIGRATION (In Million US dollars) |
EXPENDITURES on Illegal Aliens |
TAXES COLLECTED from Illegal Alliens |
NET FISCAL BURDEN on U.S. Taxpayers |
|
FEDERAL | $28,795 | $9,457 | $19,339 |
STATE/LOCAL | $84,211 | $3,955 | $80,255 |
TOTAL | $113,006 | $13,412 | $99,594 |
See Table 19 (Page 79) |
Federal Expenditures on Illegal Aliens |
|
See Tables 1-5 (Pages 12-31) |
State and Local Government Outlays on Illegal Aliens ($M) Education for the children of illegal aliens constitutes the single largest cost to taxpayers, at an annual price tag of nearly $50 billion. |
See Table 15 (Pages 70-71) |
Federal Taxes Collected from Illegal Aliens |
Income Tax | $1,635,000,000 |
Earned Income Tax Credits (EITC) for Illegal Aliens | ($1,777,800,000) |
Additional Child Tax Credit (ACTC) | ($2,160,000,000) |
Net Income Taxes Collected | ($2,302,800,000) |
Net Income Taxes Collected | ($2,302,800,000) |
Social Security Tax | $7,000,000,000 |
Medicare Tax | $1,637,100,000 |
Excise and Miscellaneous Taxes | $2,489,700,000 |
Employer Taxes (FUTA & Income) | $632,600,000 |
TOTAL | $9,456,600,000 |
See pages 33-41, and Table 6 (Page 41). |
State and Local Taxes Collected from Illegal Aliens |
Property Tax | $1,378,400,000 |
Sales Tax | $2,332,600,000 |
Income Tax | $244,200,000 |
TOTAL | $3,955,200,000 |
See Table 17 (Page 76) for breakdown by state. |
SOURCE – Martin, Jack and Eric A. Ruark, “Burden of Illegal Immigration on United States Taxpayers,” Federation for American Immigration Reform, Washington, DC, July 2010. (PDF) RELATED |
Posted in Economy/ Finance, Government Waste, Immigration | Tagged: Democrats, Economy, Government Waste, Immigration, Left, Mexico, News, Obama, Politics, Republicans | 1 Comment »
Obama Gov’t Wastes $10.3 Billion in Improper Unemployment Payments in 2012
Posted by FactReal on January 31, 2013
CNSNews.com reports:
|
Posted in Government Waste, Left, Obama, Uncategorized | Tagged: Democrats, Economy, Government Waste, Left, News, Obama, Politics, unemployment | Leave a Comment »
Hillary Clinton No $$$ for Benghazi Security, but Spent Millions for Art, Kindles, Obama Books, Mosques Restorations, …
Posted by FactReal on January 24, 2013
![]() |
(Image by Looking Spoon via Weasel Zippers) |
During yesterday’s Benghazi testimony, Hillary Clinton lied about the State Department not having enough funding to provide proper security for the U.S. consulate in Benghazi, Libya.
But in fact the State Department ($50+ billion dollar annual budget) had enough money for these items: And also: The Obama administration repeatedly rejected requests for more security in Benghazi, even though Islamist militias attacked the consulate multiple times prior to the 9/11/2012 attack and Ambassador Stevens repeatedly notified the administration about increasing security threats in Libya. MORE RELATED |
Posted in Government Waste, Islam, Left, War & National Security | Tagged: Clinton, Democrats, Hillary Clinton, Islam, Libya, News, Obama, Politics, Republicans, War | Leave a Comment »
Vote ‘NO’ on Animal Services Miami-Dade County Amendment (Election: Nov. 2012)
Posted by FactReal on November 1, 2012
WE DON’T NEED TO PAY MORE PROPERTY TAXES TO DEAL WITH CAT OVER-POPULATION |
We need to stop thinking that government is the answer. When your house has a leaky faucet, you don’t call government. You call a professional or fix it yourself.
We “the people” can help reduce the cat over-population. Homeowners can use the Trap-Neuter-Return (TNR) program to manage stray and feral cat populations by trapping the cats, taking them to the vet to be neutered/spayed and vaccinated, and then returning them to the same location where they were collected. Cat traps can be rented from vet clinics or shelters — for a low fee and a returnable deposit. The Trap-Neuter-Return method has been so successful that many pro-animal groups recommend the use of it. For instance, the ASPCA, Human Society of Greater Miami, Alley Cat Allies, The Cat Network, etc. Doing it yourself will be cheaper than paying the additional, lifetime property tax that would come if voters approve the animal services funding referendum on the Miami-Dade ballot for Nov. 6, 2012. Homeowners could do a better job. Or maybe a business-savvy person can start a business to provide that service to homeowners. Alley Cat Allies has guides and videos to educate the public on the trap-neuter-return method: |
Reducing cat over-population with ‘Trap-Neuter-Return’ (TNR) |
Trapping Cats: How to Trap an Entire Colony |
NO MORE TAXES We cannot continue to allow Miami politicians to put our house as a collateral to fund their latest trick to get our money. They always come up with altruistic-sounding reasons to raise our taxes: “This tax is for the children,” “This one for seniors,” “This other tax will create jobs,” etc. Now is “to decrease the killing of adoptable dogs and cats.” Property owners have become the modern slaves…and they cannot run away. And politicians know it. If you still have a burning desire to fund animal services programs, you can send your check directly to the many animal shelters in Miami-Dade. We don’t need more taxes. The more property taxes you approve, the less you own your property |
SOURCES: The ASPCA: h ttp://www.aspca.org/aspca-nyc/animal-rescuers/trap-neuter-return.aspx Human Society of Greater Miami The Cat Network Alley Cat Allies |
Posted in Elections, Government Waste, USA-Florida | Tagged: Animals, Democrats, Economy, Elections, Florida, Government Waste, Left, miami, Miami-Dade, News, Pets, Politics, Republicans, Society | Leave a Comment »