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Tax Hikes in a New ‘Build Back Better’ Would be Catastrophic
Townhall.com ^ | April 18, 2022 | Scott Ruesterholtz

Posted on 04/18/2022 3:53:40 AM PDT by Kaslin

Americans face an inflation crisis—prices are rising at the fastest pace in forty years. A combination of excessive government spending from resident Biden’s American Rescue Plan, genuine supply chain problems, and energy policy that has increased our sensitivity to Putin’s war on Ukraine has caused inflation to rise the fastest in 40 years, 8.5%, about four times faster than the Federal Reserve’s target.

Inflation is a burden on nearly everyone, sapping purchasing power from those on fixed incomes, and even though wages are rising at a fast pace of over 5%, for many, incomes are not rising as fast as expenses. One person who deserves significant credit for anticipating the inflation problem is Senator Joe Manchin, who torpedoed Biden’s “Build Back Better” tax and spend bonanza over inflation concerns in December. If he hadn’t, the inflation outlook would be even worse.

While Manchin deserves credit for bucking his party, there are deeply concerning reports that there are renewed talks over a smaller reconciliation bill that will include “deficit reduction” by raising taxes more than spending to address Manchin’s concerns. This however will only exacerbate Americans’ cost of living problems.

(Excerpt) Read more at townhall.com ...


TOPICS: Business/Economy; Culture/Society; Editorial; Politics/Elections
KEYWORDS: joebiden

1 posted on 04/18/2022 3:53:40 AM PDT by Kaslin
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To: Kaslin

Watch them do it. The left wants to weaken and destroy our Homeland, so they can reset America as a socilaist nation with Marxist aspirations with the liberty and justice of all according to woke cancel culture!

They are destroying everything they can of a strong America. The left is at war with America.

Our problem is that the Republican RINO party is NOT fighhting back......for them is business as usual.

This is not business as usual. We will soon be on the verge of civil war .i and Putin are betting on it.

We need to rid ourselkves of these leftest Dem idiots right away. Like wholesale destruction of the dems in November. Nothing less will do.


2 posted on 04/18/2022 4:06:41 AM PDT by Candor7 (ObamaFascism:https://www.americanthinker.com/articles/2009/05/barack_obama_the_quintessentia_1.html)
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To: Kaslin

SOMEBODY has to pay for the 15 million illegals that are being “waved” in.

Amazing when the jan 6 political prisoners were “waved” in THEY went to jail, but the illegals are “waved” in and welcomed as great conquerors.

I though we were a diverse culture. Now we are becoming Mexico. (or South America). I feel bad for the others who are trying to come here LEGALLY. Evidentially we no longer welcome others from other nations unless they come through Mexico.


3 posted on 04/18/2022 4:10:38 AM PDT by Singermom
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To: Kaslin

return to contracting the money supply, cutting taxes and de-regulating oil a la Reagan - it’s how we got out of this the last time around with Jimmuh.


4 posted on 04/18/2022 4:16:50 AM PDT by avital2
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To: Candor7; Kaslin

Not catastrophic for those who wish catastrophe.

For them, it is fulfillment of a plan.


5 posted on 04/18/2022 4:20:01 AM PDT by rlmorel (Democrats running things is termite infestation, and the exterminator won't be here for 3 years.)
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To: Kaslin

Typical dem policy tax and spend. IF it had ever worked in the past then we certainly need the example. The idiots never took an Econ class


6 posted on 04/18/2022 4:26:45 AM PDT by Nifster (I see puppy dogs in the clouds)
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To: Kaslin

Property taxes already shooting up tremendously.


7 posted on 04/18/2022 4:27:58 AM PDT by Chickensoup ( Leftists totalitarian fascists are eradicating conservatives)
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To: rlmorel

Yes, thats the point. And you know that the whole country is frustrated that the Republicans to not fight back against this purposeful destruction of America. Asshats like McConnell have to go.


8 posted on 04/18/2022 5:32:35 AM PDT by Candor7 (ObamaFascism:https://www.americanthinker.com/articles/2009/05/barack_obama_the_quintessentia_1.html)
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To: Candor7

I just read another thread where McCarthy thinks he will be speaker if the house flips Republican. He has to go too.

I have developed a deep, intense dislike of McConnell. He is beholden to the Communists, and has grown rich off them like so many others. He happens to be on our side, but I want to see them all punished, including him.

Won’t happen, but that is my wish.


9 posted on 04/18/2022 5:36:00 AM PDT by rlmorel (Democrats running things is termite infestation, and the exterminator won't be here for 3 years.)
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To: Kaslin

As President Trump said in his Hannity interview, the inflation caused by Biden and the left ON PURPOSE, is really a hidden tax on the people. Everything costs more so we all pay higher taxes. Thanks democrats and whoever is pushing Cornpop around.


10 posted on 04/18/2022 5:45:32 AM PDT by subterfuge (I'm a pure-blood!)
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To: subterfuge
the inflation caused by Biden and the left ON PURPOSE, is really a hidden tax on the people

A huge tax increase, in the range of $5500.

11 posted on 04/18/2022 5:46:45 AM PDT by 1Old Pro
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To: rlmorel

Agreed. McCarthy is a poseur. He plays all sides against each other. WHen he took the position that he would not eject Liz Cheney from caucus, I saw who he is.


12 posted on 04/18/2022 6:50:51 AM PDT by Candor7 (ObamaFascism:https://www.americanthinker.com/articles/2009/05/barack_obama_the_quintessentia_1.html)
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To: Candor7
Tax Hikes in a New ‘Build Back Better’ Would be Catastrophic

Catastrophe is what the Communists/Marxists want and need.

13 posted on 04/18/2022 7:33:41 AM PDT by Don Corleone (leave the gun, take the canolis)
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To: Don Corleone

THis is all being purposefully done.

The Joe Biden march to destroy America continues

It also proves that he cheated to win the election. No American would vote to destroy their own country. Only Marxists would.


14 posted on 04/18/2022 7:37:32 AM PDT by Candor7 (ObamaFascism:https://www.americanthinker.com/articles/2009/05/barack_obama_the_quintessentia_1.html)
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To: Singermom

Someone has to pay for the trillions Trump and Biden dumped into the economy during the lock downs.


15 posted on 04/18/2022 7:46:30 AM PDT by redgolum (If this is civilization, I will be the barbarian. )
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To: 1Old Pro

Hurts a LOT of people.


16 posted on 04/18/2022 11:21:15 AM PDT by subterfuge (I'm a pure-blood!)
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To: Candor7

He was Paul Ryans gofer. Ryan is the guy who scuttled all of Trumps changes during the first 2 years of his Presidency. Same kind of guy as John Cornyn is to McConnell.


17 posted on 04/18/2022 12:13:33 PM PDT by abbastanza ( )
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To: abbastanza

America is tiring of these Country Club Republicans. Ryan married into a Democrat family with a lot of wealth from the Insurance Industry, hard core Dems. Ryan was therefore a quisling from the get go.

We need to keep moving them on.


18 posted on 04/18/2022 12:21:59 PM PDT by Candor7 (ObamaFascism:https://www.americanthinker.com/articles/2009/05/barack_obama_the_quintessentia_1.html)
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