Posted on 12/29/2022 1:20:11 PM PST by Hojczyk
$6.5 Billion Natural Gas Tax Which Will Increase Household Energy Bills
Think your household energy bills are high now? Just wait until the three major energy taxes in the Inflation Reduction Act hit your wallet. The first is a regressive tax on American oil and gas development. The tax will drive up the cost of household energy bills. The Congressional Budget Office estimates the natural gas tax will increase taxes by $6.5 billion.
$12 Billion Crude Oil Tax Which Will Increase Household Costs
Democrats are imposing a 16.4 cents-per-barrel tax on crude oil and imported petroleum products that will be passed on to consumers in the form of higher gas prices.
$1.2 Billion Coal Tax Which Will Increase Household Energy Bills
The tax hike more than doubles the current excise taxes on coal production. Under the Democrat proposal, the tax rate on coal from subsurface mining would increase from $0.50 per ton to $1.10 per ton while the tax rate on coal from surface mining would increase from $0.25 per ton to $0.55 per ton
$74 Billion Stock Tax Which Will Hit Your Nest Egg — 401(k)s, IRAs and Pension Plans
When Americans choose to sell shares of stock back to a company, Democrats will impose a new federal excise tax which will reduce the value of household nest eggs. Raising taxes and restricting stock buybacks harms the retirement savings of any individual with a 401(k), IRA or pension plan.
$225 Billion Corporate Income Tax Hike Which Will Be Passed on to Households
Democrats imposed a 15 percent corporate alternative minimum tax on the financial statement income of American businesses reporting $1 billion in profits for the past three years. These American companies employ millions of Americans.
The cost of this tax increase will be borne by working families in the form of higher prices, fewer jobs, and lower wages.
Patriots, please note that some of the taxes mentioned in the OP are based on state powers stolen by the federal government imo, including politically correct remedies for the government-manufactured, junk science global warming “crisis” imo.
”State inspection laws, health laws, and laws for regulating the internal commerce of a State, and those which respect turnpike roads, ferries, &c. are not within the power granted to Congress [emphases added].” —Gibbons v. Ogden, 1824.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." —Justice John Marshall, Gibbons v. Ogden, 1824.
"From the accepted doctrine that the United States is a government of delegated powers, it follows that those not expressly granted, or reasonably to be implied from such as are conferred, are reserved to the states, or to the people. To forestall any suggestion to the contrary, the Tenth Amendment was adopted. The same proposition, otherwise stated, is that powers not granted are prohibited [emphasis added]." —United States v. Butler, 1936
“Cherish, therefore, the spirit of our people, and keep alive their attention. If once they become inattentive to the public affairs, you and I, and Congress and Assemblies, judges and governors, shall all become wolves [emphasis added]. It seems to be the law of our general nature.” - Thomas Jefferson (Letter to Edward Carrington January 16, 1787)
In other words, the OP shows impeachable and Section 3 of the 14th Amendment federal government examples of open rebellion to the federal government's constitutionally limited powers imo.
"14th Amendment, Section 3: No person shall be a Senator or Representative in Congress, or elector of President and Vice President, or hold any office, civil or military, under the United States, or under any State, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any State legislature, or as an executive or judicial officer of any State, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof [emphases added]. But Congress may by a vote of two-thirds of each House, remove such disability."
Emphasizing that desperate Democrats will always find a way to weaponize government power against the people, Congress needs to establish a court that does nothing but hear alleged federal and state violations of Section 3.
The Section 3 court would undoubtedly put Congress out of business right away!
Any member of Congress who is not on record as supporting a veto override of a bill to establish a Section 3 court needs to get primaried in 2024.
The bottom line is that ALL the states desperately need to effectively "secede" from the unconstitutionally big federal government by repealing the 16th (direct taxes) and 17th (popular voting for federal senators) Amendments.
All of you Freepers need to line up a tax lawyer now. 23 is going to be a real escalation in the Government war on taxpayers. This is no joke it is going to be ugly folks. Cruise Ships filled with cash going to Ukraine for laundering will not be audited but joe everyone is getting a financial prostate exam. Be ready.
Technically, he only wanted that to happen until the election, so clearly it was only a self-interest quid-pro-quo begging thing.
This really pisses me off. I worked steady from 1985 to 2017. Lived way below my means in order to have a nice nest egg to retire on. Now I am going to have to get creative to keep what I have left while helping my grown kids with their higher costs.
Thank you Mitch McConnell and all Republicans who partner up with Democrats.
Mom is a dyed in the wool mentally retarded liberal, she imagines whatever is wrong is Republicans fault, either now or it’s bc they were in power. Sickening, I can’t even talk to her bc she lives in an alternate reality
Everyone has family members that voted for this pri## and his pr### friends and the are silent. Im praying for a miracle that will bring us to a point where we can indict prosecute and jails these fu##ers
Lets not forget the squishy republicans who left some candidates blank
“ no one is marching on DC, so the people must be fine with this enough to not give a damn.”
The American people are peasants. Peasants don’t March on Capitols. Peasants suffer and scratch out a depleted living. The American people of the 21st century will not rise up to throw off the Jack-booted government. If this government falls, it will be from an outside force.
To start with, I PUT MOST ALL BLAME ON THE eGOP. THE EFFIN’ commie’s wouldn’t have gotten this far had the ‘effing’ eGOP done their job!!!!! The ‘effin’ eGOP are WORSE than the democrats. Yea, I’m pissed!
“..In other words, he is a GD liar....”
Identical to his Big Daddy in hell....not a lick of difference.
He comes to steal, kill and destroy....so far, his master is well-pleased with him.
The USA condones this evil bassturd and his vile ilk....they deserve exactly what they voted for. But hey, we don’t have any mean tweets now.
It has not taken effect YET, most people will not realize until they get their utility bills after the 1st of the year most people do not get involved in what the hell the government does to their everyday lives UNTIL they start getting the bills in their mailbox!!
Typically most Americans will initially grumble and bitch like they do about everything else, but it’ll amount to nothing. In the end, they’ll quietly bend over and take it.
Cuz the 117% price increase in the last year wasn't enough......
Now I am going to have to get creative to keep what I have left while helping my grown kids with their higher costs.
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EXACTLY, same here!
I go back to 1972(in high school) per SS Lifetime Earnings record. Was looking at “retirement” in about 21 months but that is questionable now.
The memo went out before the election Trump warned them.
NEVER TRUST A DEMOCRAT
But many voted for him and got what they didn’t want only have themselves to blame.
It’s only going to get worse and worse in the next two years, probably 6 years being that we no longer have legit elections, and of course the RINO party will continue to get on their knees to the Biden regime just like they did with the B. Hussein caliphate.
When I get to the age of taking SS (IF there is any money left) I will probably split it among my kids for grocery money. I am set and can get by with my preps and my real estate job.
Maybe I’ll be able to go to the movies, by myself.
But at least there are no mean tweets. /sarc
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