Here’s What Americans Will “Get” From The Climate And Tax Bill Democrats Just Passed
House Democrats on Friday passed a massive climate spending and taxation bill that will allocate billions of taxpayer dollars toward green energy and environmental justice programs.
The bill, dubbed the Inflation Reduction Act, will hike gross taxes by at least $313 billion and spend an extra $124 billion on tax enforcement measures in order to raise money for its provisions, according to the Joint Committee on Taxation (JCT). Taxpayers will be funding a $369 billion package that includes a suite of dubious programs aimed at combatting climate change and pursuing environmental justice.
For example, the Energy Secretary will give up to $6 billion to “underserved communities” to fund neighborhood access and equity grant programs, according to the bill’s text. The Democrats’ package allots $3 billion for “environmental and climate justice block grants” to facilitate political “engagement in disadvantaged communities” through advisory groups, rulemakings and workshops.
The Biden administration will also spend $1.9 billion in taxpayer funds on neighborhood access and equity programs that will “identify, monitor, or assess … gaps in tree canopy coverage” in “disadvantaged or underserved” communities, according to Section 60501 of the bill.
The bill spends $3 billion on providing the U.S. Postal Service with pricy zero-emission delivery vehicles and also includes a $1 billion federal grant program to allow the purchase and rental of “clean heavy-duty vehicles,” such as garbage trucks. Section 50123 of the bill authorizes $200 million in grants for states to teach contractors how to install energy-efficient home appliances like dishwashers and dryers.
Much of these taxes will be imposed upon tens of millions of middle-income Americans, according to the JCT. Taxes will increase by $16.7 billion on American taxpayers earning less than $200,000 in 2023 amid skyrocketing inflation and highgas prices.
The White House and the office of House Democratic Caucus Chairman Hakeem Jeffries of New York did not immediately respond to the Daily Caller News Foundation’s request for comment.
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact firstname.lastname@example.org
Wow! Spending billions to reduce the deficit? I am not a mathematician but do the democrats really think we are that stupid? That’s like saying “ drink more alcohol to stop drinking!” The democrats have lost touch with the common people. They will realize it in November unless they cheat again. There should be law enforcement at every polling place this November!
Does anyone really believe that the “inflation reduction act” will reduce inflation with hundreds of billions more of spending, government regulation, and “Green New Deal” slush funds such as 47 billion for “environmental justice”. We have just watched all of Europe, after decades of shutting down their nuclear and coal fired plants, become slaves to Russian oil and gas. In fact, they are now funding Putin as we send endless billions to Ukraine. It’s Insane and it’s even more insane that we would want to go down the same “Green New Deal” rabbit hole after watching its massive failure in Germany and all of Europe.
Now they will double the size of the IRS, (for a mere 80 BILLION) adding 87,000 armed agents. Think they’ll be coming after anybody but Republicans? Do you think they need to do this if there will be no more taxes on anybody making under $400,000? Everyone will pay higher taxes to fund their endless money printing. Remember Lois Lerner who got caught targeting Conservative groups under Obama. No Consequences for her and she retired with a full government pension. Just like Hillary, Jim Comey, James Clapper ,John Brennan, Peter Strozk, Michael Sussman, and every other Democrat who lied and conspired for four years, two impeachments and a Special Prosecutor investigation to oust a duly elected President. I say they are the real “Seditionists”, not the Jan. 6 protestors who are being locked up for walking around the Capitol on Jan. 6..
Wake up America. Our Republic is on its last leg.