October 6, 2021
Democrats’ ‘reconciliation bill’ is anything but
By Eric Utter
The Democrats’ $3.5 trillion infrastructure/reconciliation/”Build Back Better” bill is a total sham, a hoax, and yet another attempt to reward fat cat Democrat donors while sticking it to citizens who deviate from the party line.
The bill would punish grieving families by dramatically increasing the death tax, to the tune (“Taps?”) of $54 billion.
Tax the rich? The bill would authorize local banks to report all transactions of $600 or more, including those from third-party applications like PayPal or Venmo. 600 bucks! Why?
Tax the rich? The bill would give a cool $200 million to Speaker of the House Nancy Pelosi’s favorite park/golf course, right behind her house in San Francisco. (Gotta take care of the Old Gal by sending some cash to her home district if you want to extract more favors from her later, right?)
Tax the rich? According to the nonpartisan Joint Committee on Taxation, the bill proposes $2.1 trillion in tax increases, $1.1 trillion of which would be gleaned from families and small businesses. The bill would even increase taxes on some earning under $100,000 annually. Though Democrats incessantly tout their supposed desire to make wealthy individuals and corporations alike “pay their fair share,” the JCT says that two-thirds of the bill’s tax burden would fall on low and middle-income earners.
more
https://www.americanthinker.com/blog/2021/10/democrats_reconciliation_bill_is_anything_but.html
