EVERY Single Democrat Votes to RAISE TAXES and INFLATION, KILL American JOBS and ARM the IRS with 87K new Agents in a $1 Trillion spending ORGY

Not one Republican voted for it . Democrats hate you.

Legal plunder on an unimaginable scale.

It makes the IRS Bigger than Pentagon, Department of State, FBI, Border Patrol combined.

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The legislation passed on a party-line vote, with Vice President Kamala Harris breaking the tie.

$700B More Spending to worsen bidenflation?

List: 50 most radical aspects

Breitbart News: The Senate on Sunday passed the $700 billion Inflation Reduction Act, a scaled-down version of the Build Back Better Act.

The Senate voted to pass H.R. 5376, otherwise known as the Inflation Reduction Act, 51-50. The legislation passed on a party-line vote, with Vice President Kamala Harris breaking the tie.
“It’s been a long, tough and winding road,” Sen. Chuck Schumer (D-NY) said ahead of the vote.

The Inflation Reduction Act arose after Schumer and Sen. Joe Manchin (D-WV) struck a deal on a slimmed-down version of the Build Back Better Act. The Inflation Reduction Act focuses on reducing the deficit and curbing inflation, extending enhanced Obamacare subsidies, spending more than $300 billion on climate change programs, and allowing Medicare to negotiate the price of drugs.
The Associated Press

House Republican Study Committee (RSC) Chairman Jim Banks (R-IN) has detailed the 50 most radical aspects of the legislation.

Perhaps ironically for Manchin, the bill would not reduce inflation, according to the Penn Wharton Budget Model and the Congressional Budget Office (CBO).

The legislation would also hit manufacturers hardest with a 15 percent corporate minimum tax, according to the Joint Committee on Taxation (JCT).

The Inflation Reduction Act would also add more “fuel” to the “inflation fire,” according to Rep. Jason Smith (R-MO), the ranking member of the House Budget Committee. He explained that the Inflation Reduction Act utilizes budget gimmicks and fake offsets to mask the true cost of the bill. Smith said the bill would add $114 billion to the debt when accounting for Manchin’s fake gimmicks.

The bill goes to the House, where it will likely pass, barring any major disputes that have yet to arise.

The House Freedom Caucus released a statement after the vote, declaring their opposition to the Inflation Reduction Act:

The fact is that Democrats’ latest spending bonanza has far more to do with enacting their socialist ‘Green New Deal’ agenda than truly helping Americans suffering from staggering 9.1% inflation. A host of non-partisan experts all agree that this legislation will not decrease inflation, and many forecast that it will have the opposite impact. Worse still, not only does this bill direct $369 billion in handouts to climate change special interests, but it does so on the backs of the American taxpayer. To finance their socialist agenda, Democrats are supersizing the Internal Revenue Service with $80 billion (six times the agency’s annual budget) to create an army of 87,000 new enforcement agents to target Americans with as many as one million additional audits per year on taxpayers earning less than $200,000 – the same middle-class suffering the most from the skyrocketing inflation of Bidenomics.

The Freedom Caucus added, “The misnamed ‘Inflation Reduction Act’ is a disaster from every perspective and it must be defeated.”

The 50 Most Radical Aspects:

To illustrate this point, Banks and the RSC noted dozens of radical policies contained in the bill, including:

  1. The bill’s giveaway to green energy would increase American reliance on China for rare earth minerals
  2. The legislation increases taxes just as the country is entering a recession
  3. The bill contains many budget gimmicks and fake offsets to mask the cost of the bill. When accounting for these budget tricks, the alleged deficit reduction bill would add $114 billion in debt over ten years
  4. The legislation would add $80 billion in funds to supersize the IRS’s ability to audit Americans. This would especially harm middle-class Americans.
  5. The Inflation Reduction Act contains a “socialist price control regime” to aim to lower drug prices
  6. Expand Obamacare by extending enhanced Obamacare subsidies
  7. Create an “environmental justice solar and wind capacity limitation program” to further the Democrats’ “radical ‘environmental justice’ agenda”
  8. $8.45 billion to further “environmental justice in agriculture”
  9. $3 billion for the Department of Transportation to undertake projects to address racism in infrastructure
  10. $5 billion to support $250 billion in Department of Energy loan guarantees and loan refinancing for green energy infrastructure and remediation activities.

Banks emphasized that the legislation would not reinvigorate the economy, as the Penn Wharton Budget Model found that the bill would not curb inflation.

“That’s reason enough to vote against the package,” Banks remarked.

Banks released the memo as the Senate will likely vote on Saturday on a motion to advance the legislation. After, the Senate will debate the merits of the bill; Banks hopes that this memo would convince lawmakers to oppose the bill.

“Democrats in Congress aren’t damaging American’s pocketbooks—they are trying to damage their way of life. I hope this list of partisan provisions will help you convey that fact to your constituents this August recess,” Banks concluded in his memo.

In full:

From: Chairman Jim Banks
To: RSC Member Offices
Re: 50 Radical Policies in the Inflation Reinforcement Act
Working Americans have suffered through record inflation, historic gas prices, and now an official
recession. After two years of Biden, voters simply don’t have the stomach for another extravagant
leftist spending package.
That’s why Democrats are selling their revived reconciliation boondoggle as a limited attempt to
improve the economy.
But the so-called “Inflation Reduction Act of 2022” will drive us deeper into the Biden recession by
raising taxes on American families, manufacturers, and energy producers. Penn Wharton has
already proved the claim it will fight inflation is a complete farse. That’s reason enough to vote
against the package.
Republicans also must communicate that this bill is transformative. It is just as radical and
destructive as Democrats’ “Build Back Better” proposal and that is why they are trying to push it
through on entirely partisan lines.
RSC staff produced the below list of far-reaching and far-left cultural and economic policies hidden
in bills 725 pages of legislative text:
1. Build Back Beijing: The $369 billion in giveaways to green special interests will significantly
increase our reliance on China—which controls 80 percent of the rare earth minerals necessary
for supporting the Democrats’ expensive and unreliable green energy agenda. The bill is almost
completely devoid of guardrails that prevent hundreds of billions of taxpayer dollars from
effectively subsidizing the Chinese Communist Party and their genocide of the Uyghur Muslims.
2. Idiotically Boosts Taxes During a Recession: The 15% minimum tax on book income is a
double tax on investment. When reporting book income, companies are prevented from
deducting the cost of investments in equipment, structures, research and development and
other projects that increase productivity. This would raise taxes on American companies by
$313 billion—half of which would be borne by American manufacturers—and kill 27,000 jobs.
At a time of 40-year inflation, this tax would hit working class Americans even harder by
worsening current supply chain problems and raising energy costs by disproportionately
raising taxes on key industries such as coal, automobiles, and utilities. (page 2)
3. Fake Deficit Reduction: The Democrats claim that the bill would reduce deficits by $305
billion is based on a number of gmmicks. First, the Democrats only extend their expanded
Obamacare spending for three years when everyone knows they will keep pushing to have it
extended permanently, a gimmick that Senator Manchin has previously condemned.
Accounting for this gimmick, the spending on the Obamacare bailout is $184 billion more than
claimed by the Democrats.Second, the bill would spend more than $400 billion on Green New
Deal giveaways when removing the fake two-year sunsets. Finally, the Congressional Budget
Office will score no savings from the Democrats $80 billion scheme to spy on and harass
Americans with 87,000 new IRS agents. Even when allowing the imaginary savings from
“repealing” President Trumps prescription drug rebate which was never implemented, the bill
would still add $114 billion in new debt over 10 years.
4. Carried Interest Tax Hike to Kill More Jobs: The bill would reduce American investment by
increasing taxes on carried interest income by $14 billion. Carried interest is simply a share of
the gains made in an investment fund that is paid to managers of those funds. Taking these
investments would kill jobs, cause pensions to lose billions of dollars, reduce wages for working
class Americans, and make our current stagflation worse. (page 27)
5. Biden’s IRS Army: The bill weaponizes the Internal Revenue Service (IRS) with about $80
billion in new funds (6x IRS’s annual budget) meant to hire tens of thousands of new IRS agents
who will spy and harass Americans. This would include $45.637 billion in funding for IRS
enforcement. This funding could be to enforce the IRS’ proposal to spy on Americans with more
than $10,000 worth of financial transactions. This funding will be used by Biden’s IRS army to
intimidate and harass middle class Americans, not wealthy taxpayers who can afford the best
tax lawyers money can buy. (page 33)
6. Price Controls to Kill Life Saving Drugs: The bill would institute a socialist price control
regime to force certain drug manufacturers to accept whatever price the Biden administration
thinks is reasonable, or face a potential 95 percent tax (page 123). According to the CBO
analysis, this provision would reduce the number of lifesaving drugs by 15 over the next 30
years. The bill would institute so-called “inflation rebates”— another layer of price controls
that will also kill development of life-saving drugs. (page 41)
7. Obamacare Expansion: The bill would extend the Obamacare subsidy expansions created by
the inflationary American Rescue Plan, which can even benefit people making as much as
$300,000. (page 231)Taxpayers should not be forced to endlessly subsidize the irredeemably
flawed- and premium-increasing structure of Obamacare. Instead, these subsidies should be
left to expire, which would save taxpayers $64 billion per year according to the Democrats’
summary. Rather than forcing taxpayers to bail out the failures of Obamacare, Congress should
pass common sense reforms to lower costs and increase access to care.
8. Payoff to Union Bosses: The bill would implement prevailing wage requirements for
companies that utilize various tax credits in the bill. Prevailing wage requirements kill jobs and
are nothing more than a pay-off to labor union bosses. (page 235) (page 269) (page 302) (page
321) (page 348)(page 364) (page 403) (page 409) (page 473) (page 496)
9. Tax Breaks for Green Energy Corporations: The bill would reauthorize expired tax subsidies
and extend others that benefit green energy technologies almost exclusive. This, according to
Democrats, would force taxpayers to give $60 billion in corporate welfare to green energy
corporations while artificially holding back oil and gas development. The Demorats’ failed
green agenda is designed to crush traditional American producers, increase oil and gas prices,
and cruelly inflict further pain on the American people. (page 232) (page 254)
10. Manipulating the Tax Code for “Environmental justice”: The bill would establish a new
“environmental justice solar and wind capacity limitation program” to give a windfall to solar
and wind energy production that serves the Democrats’ radical “environmental justice” agenda.
(page 276).
11. Tax Breaks for Rich People to Buy Green Appliances: The bill would revive through 2032
and significantly expand—by 140 percent—the Nonbusiness Energy Property tax credit. This
credit, which expired at the end of 2021, pays individuals for so-called “energy-efficiency”
improvements. This credit almost exclusively benefits high income households and forces
working class Americans to pay for it. (page 331).
12. Tax Breaks for Rich People to Buy Solar Panels: The bill would extend the Residential Clean
Energy Credit through 2034. This credit, which is set to expire at the end of 2023, pays
individuals to install green energy features to their homes, such as solar panels and wind
turbines. Again, this credit almost exclusively benefits high income households. (page 344)
13. Tax Breaks for Fancy Green Corporate Offices: The bill would expand the Section 179D
Energy Efficient Commercial Buildings deduction for installation of interior lighting, building
envelopes, or heating, cooling, ventilation, or hot water systems that reduce energy
consumption. (page 347). Last fiscal year, this tax break cost taxpayers nearly $200 million.
14. Tax Breaks for Construction of Green Homes: The bill would extend and expand the recently
expired New Energy Efficient Home Credit. This credit forces taxpayers to subsidize the
construction of “energy-efficient” homes that can be $125,000 more expensive than traditional
homes.
15. Subsidizing Electric Vehicles for the Wealthy: The bill would force working class taxpayers
to subsidize EV purchases for wealthy taxpayers (couples with income up to $300k per year)
by extending the current $7,500 tax credit for purchases of new EV’s through 203. 78 percent
of current EV tax credits are claimed by taxpayers making over $100,000. The bill would also
remove the current law cap of 200,000 EVs sold per manufacturer. It is simply wrong to force
working class taxpayers to subsidize vehicle purchases by the wealthy in an effort to appease
liberal central planners. (page 366). It would also create a new tax credit of $4,000 for used EV
purchases (with an income cap of $150k per household). (page 387)
16. Taxpayer Subsidies for Inefficient Green Energy: The bill would force taxpayers to provide
$10 billion in expanded tax credits first created in Obama’s failed 2009 stimulus package for
inefficient green energy projects. Not only is this funding duplicative, but it funds technology
that has forced working class Americans to pay higher energy prices and face rolling blackouts.
(page 406)
17. Making Energy MORE Expensive – Part 1: During a time of historically high gas prices, 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. Another taxpayer funded giveaway to green special interests: The bill would create new
production and investment tax credits carbon-neutral electricity generation facilities. These
subsidies are duplicative and would force taxpayers to subsidize facilities that use inefficient
energy sources and increase energy prices. (page 442) (page 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
of Agriculture toward the left’s Green New Deal priorities. (page 527)
21. Cow Farts are BACK! The bill (page 529) would require the Secretary of Agriculture to
prioritize new funding for certain farm grants that “utilize diet and feed management to reduce
enteric methane emissions from ruminant.” Translation = taxpayer money to feed cows food
that that won’t make them fart.
22. Promoting “Environmental Justice” in Agriculture – Part 1. $8.45 billion for the
environmental quality incentives program (EQUIP), which is part of Biden’s environmental
justice program (“Justice40”) program and seeks to support Climate-Smart agriculture to
“sequester carbon, reduce greenhouse gas emissions and mitigate the impacts of climate
change.” (page 528)
23. Promoting “Environmental Justice” in Agriculture – Part 2. $3.25 billion for the
Conservation Stewardship Program (page 530) and $1.4 billion for the Conservation Easement
Program (page 531), both of which are part of Biden’s Justice40 program, and which President
Trump sought to cut and eliminate, respectively.
24. Promoting “Environmental Justice” in Agriculture – Part 3. $6.75 billion for the regional
conservation partnership program, also a Justice 40 program. (page 532). All of these are
supposed to mostly focus on reduction of greenhouse gas emissions.
25. Free Money! $1 billion in additional funding for renewable energy storage projects, but the
Biden administration can choose to make these so-called “loans” 100% forgivable with no
strings attached (page 539).
26. Green New Deal Takeover of Rural Areas: $9.7 billion in taxpayer funded subsidies for the
development and construction of solar energy systems and other renewable energy systems in
rural areas, and for zero emission systems, or for carbon capture and storage systems. (page
543).
27. Tree Planting in Liberal Cities: $1.5 billion for grants through the Urban and Community
Forestry Assistance program for planting trees in urban areas in a way that promotes the left’s
social agenda.
28. Biden’s Industry Takeover Slush Fund: $500 million “to carry out the Defense Production
Act,” which, according to the Congressional Research Service (CRS), “confers upon the
President a broad set of authorities to influence domestic industry…” (page 557). In other
words, this is just a slush fund for the Biden administration to carry out its radical climate
agenda under the guise of a national emergency. Just this past March, Biden invoked the DPA
to ensure “a robust, resilient, sustainable, and environmentally responsible domestic industrial
base to meet the requirements of the clean energy economy.”
29. Free Green Appliances: $4.5 billion for state-run high-efficiency electric home rebate
programs, which would provide rebates, including point of sale rebates, to governmental,
commercial, or non-profit entities to pay for up to 100% of the costs of home projects that use
of Energy Star home appliances. (page 595)
30. Taypayer Backed Climate Change Loans: The bill would give the DOE Secretary the authority
to guarantee up to $40 billion in loans supporting projects to reduce greenhouse gasses. (page
600).
31. Electric Vehicle Subsidies – Part 1: $3 billion for the ATVM program, which President Trump
sought to eliminate “because the private sector is better positioned to finance the deployment
of commercially viable energy and advanced vehicle manufacturing projects.” Funds could only
be used for used to support low- or no-emission vehicle production. (page 603) The bill would
also eliminate the ATVM program’s current $25 billion cap on total loan authority, which would
unleash the Biden administration to provide an untold amount of loans for electric vehicle
development backed with taxpayer money. (page 604).
32. Electric Vehicle Subsidies – Part 2: $2 billion for the DOE to provide grants for domestic
production of hybrid, hydrogen fuel cell, and electric vehicles (page 604).
33. Qaurter TRILLION of Guaranteed Green Loans: $5 billion in spending to support $250 billion
in DOE loan guarantees and loan refinancing for green energy infrastructure projects and
remediation activities. (page 605).
34. Making Energy MORE Expensive – Part 3: Despite oppressive energy and gas prices, the bill
would increase royalties paid by energy companies, which will be passed along to consumers
in the form of even higher prices. Royalties for offshore oil and gas drilling leases would be
jacked up from 12.5% to between 16.66% and 18.75% (page 632). For federal onshore oil and
gas leases, the bill would increase the rate from 12.5% to between 16.66%. (page 633).
35. Making Energy MORE Expensive – Part 4: The bill would also balloon other fees applicable
to onshore oil and gas energy production by quintupling the minimum bid amount (page 634),
raising the rental rate 1,000% by when a lease hits the eight year mark (page 635), adding a
$5 per acre fee for expressing interest in leasing land for oil and gas development (page 636),
and increase existing bonding requirements from $10,000-$25,000 per well to $150,000 per
lease (page 640).
36. Making Energy MORE Expensive – Part 5: The bill would also expand royalty requirements
applicable to onshore and offshore production to cover methane produced, consumed or lost,
instead of that which is produced and sold. (page 640).
37. Free Electric Heavy Duty Vehicles for Contractors and Local Governments: The bill would
force taxpayers to provide $1 billion to effectively 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: The
bill would provide $27 billion for a greenhouse gas reduction fund to pay for deploying green
energy equipment in environmental justice communities. (pg. 658).
39. Taxpayer subsidies for diesel emission reductions: The bill would force taxpayers to
provide $60 million for so-called Diesel Emission Reductions grants, which in the past have
gone towards wasteful projects involving cherry pickers, electrifying parking spaces and
retrofitting tractors. These grants are the definition of pork and taxpayers should not be forced
to burden the cost of additional subsidies. (page 663).
40. Backdoor Civilian Climate Corps: The bill would provide $87 million to launch a propaganda
campaign to “educate” communities on reduction of greenhouse gas emissions. (page 668).
41. Funding to Support Radical ESG Movement: The bill would spend $5 million for the EPA to
support “transparency” surrounding “corporate climate action commitments.” (page 675).
42. Carbon Labelling: The bill would force taxpayers to waste $100 million for labelling
construction materials based on carbon emissions. (page 691)
43. Climate Justice Crusade: The bill would give $3 billion for the EPA to spend on, among other
things, regulatory emissions enforcement, inventing new jobs to carry out the left’s green
agenda, and for lobbying state and local governments for more regulations. (page 695)
44. Infrastructure is Racist…Again: The bill woudl spend $3 billion for the Department of
Transportation to undertake projects to address its claim that infrastructure is racist. (page
699)
45. Greening Federal Office Space: The bill would waste $2.15 billion of taxpayer money to
ensure that the the federal government is issuing “low-embodied cabon materials” when
constructing or altering federal office space. (page 707) It would also create a $975 million
green tech slush fund for the GSA. (page 708).
46. Low-Emission Highway Materials: The bill would hand $2 billion of taxpayer money to
transportation construction companies so that they use “low-embodied carbon construction
materials” in highway projects, an unnecessary expense designed to advance the Biden
adminsitration’s radical vision. (page 712).
47. Ignoring Biden’s Border Crisis: Rather than spending a dime to address his ongoing border
crisis, the bill would spend $500 million to make sure that the Departement of Homeland
Security (which is supposed to be securing the border and enforcing our nation’s immigration
laws) is carrying out “sustainability and environmental programs.” (page 716).
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
hundreds of billions of dollars spent by the bill are dsistributed pursuant to the Biden
administration’s notion of equitable. (page 718).
50. Raiding the DRF: The bill would authorize the Biden administration to raid the Disaster Releif
Fund for purchasing low-carbon materials instead of helping communities reeling from natural
disasters. (page 719)
CONCLUSION: Democrats in Congress aren’t damaging American’s pocketbooks—they are
trying to damage their way of life. I hope this list of partisan provisions will help you convey that
fact to your constituents this August recess.

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