Inflation Reduction Act is Nothing More Than a Tax Hike
How does the Biden Administration plan to curb inflation? By raising taxes. Brilliant move IF your goal is to inflict even more pain on the public. This amounts to dousing a fire with gasoline.
The Inflation Reduction Act increases everyone's taxes who make over $30K per year. It also increases taxes on corporations which absorb that cost by cutting wages and/or increasing the price on goods and services.
Isn't it fantastic that you'll have less money to buy necessities that will be getting more expensive?
This isn't a solution. This only makes the recession our gov't claims we aren't in, even worse. They are punishing people into submission.
It's like trying to spend your way out of poverty.
All this money they are spending will be repaid by you and me. SECRET: They don't intend to repay it. They intend to inflate their way ou tof this with devalued dollars.
And the people responsible for the debt will be out of office and dead before it is repaid.
