Posted on 08/09/2021 7:45:26 AM PDT by RandFan
A few days ago, the Congressional Budget Office was rude enough to release its assessment of the actual cost of the infrastructure legislation being considered by the Senate. It turns out that the legislation is not, in fact, paid for by new revenues. CBO estimates that the legislation will add $400 billion to the deficit over the 10-year budget window.
How can that be? The senators who drafted and negotiated the legislation made a huge deal pointing out that all of its spending was offset by “new” revenues without requiring new taxes.
You can think what you like about that – the senators and the Biden administration were lying about the offsetting revenues, or they were simply mistaken, or they don’t really have a good grasp of how the government they lead actually works. Or maybe all three
In a larger sense, of course, the government has only one source of revenue – taxpayers. Consequently, anything that increases spending necessarily increases taxes over the long run. That should be clear to pretty much everyone over the age of consent.
Is there anything else worth knowing about the legislation?
Well, we’ve learned that it would require ignition interlocks – devices that require you to pass a breathalyzer test each time you start your car – on all new cars In a surprise plot twist, it turns out that a company that manufactures breathalyzers has spent a bunch of money in the past five years lobbying folks to be ready to get this provision into law.
The legislation also pours the foundation for the federal government to impose a new tax based on how much you drive.
(Excerpt) Read more at washingtontimes.com ...
EVERY ONE of those Assistant Democrats that voted to advance this bill KNOWS they are assisting the Democrats to kill the country.
Some will slyly vote against in the final vote (most likely those up in 2022)
The legislation also pours the foundation for the federal government to impose a new tax based on how much you drive.
I’ve heard some say that such a mileage tax could be a replacement for the current gas taxes we all pay.
My fear is that it would be a new tax, over and above what we already pay for gas taxes. And that gas taxes will never be reduced or eliminated.
The red and blue Democrats came together to make this happen.
Does anyone know if the 3.5 Trillion $ bill after this depends on the 1.5 Trillion $ one passing. Somehow , despite the RATs cramming everything on their wish list into the 3.5 Trillion $ bill it can pass on the majority alone. Something is wrong here..
Every one of these economic destruction bill supporters is rancid human trash. Take the money for anything important (if there IS anything) in this bill to end the odious sidewalk project, in which thousands of beautiful sidewalks and properties are destroyed to make everything boring and uniform. These people are sick Communists.
I JUST HEARD HIM ON HIS RADIO SHOW. HUE HEWITT LOVES THE INFRASTRUCTURE BILL!
They’ll just move the gas tax from the transportation bucket to the climate change bucket, and probably increase the rate. Half of Republicans will support this.
That Globalist Bush Demon needs to be strung up for his treasonous acts .
When this goes to $hit in 2022, those same RINOs can blame the Rats for the bill.
Think of the EU VAT tax.
It was only supposed to be 5%.
Its now 21%
17 GOP RINOs ruining our country, or allowing the dems to ruin our country.
“devices that require you to pass a breathalyzer test each time you start your car – on all new cars”
Mr. Bar Patron will continue to drive his old junker and UAW members can sit home and watch TV instead of working for $30/hour plus benefits.
58-page infrastructure bill summary:
https://static.politico.com/7e/74/659737a14980a049b2b233aa43c9/bif-summary.pdf
“anything that increases spending necessarily increases taxes over the long run”
Not so, they can “borrow” funny money from the Federal Reserve.
Sometime in the future, that funny money will buy as much in China or Europe as Monopoly money does.
The dollar will crash.
Amazon and Wal-Mart will not be able to buy foreign goods with US dollars, nor will you or Ms. Gimme.
Article I, Section 8:
“post-offices” “post-roads”
“forts, magazines, arsenals, dock-yards, and other needful buildings” in the “district” and “places purchased by the consent of the legislature of the state”
“Is there anything else worth knowing about the legislation?”
If you have to ask, you know what you really need to know.
One trillion dollars is likely to get squandered on sinecures & projects that are too costly, not needed, distort the economic playing field or should be done by private enterprise or state/local government.
The bill is like having the federal government build gas stations in the 1920’s, awarding consulting contracts on the designs of those gas stations, etc.
Investor-owned power companies should build their own electric grid systems.
“The red and blue Democrats came together...”
The taxpayers are going to get plucked.
Modify the last word appropriately.
MILLIONS of American drivers do not even drink.
This is an insult to all of us.
/puke
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