"It's uniquely terrible even by the abysmally low standards we expect from Congress.
- First, the cost is astronomical...The true cost of the legislation, once one accounts for budget gimmicks and dishonest political rhetoric, is up to $4.9 trillion. That’s an astounding $32,000 per federal taxpayer.
- And most of this money would go to wasteful government programs and counterproductive expansions of the welfare state...electric vehicle subsidies...It similarly wastes billions funding a “Civilian Climate Corps” that would pay people to do environmental activism that even proponents admit won’t reduce emissions.
- So, too, the Build Back Better agenda openly violates President Biden’s promises that he wouldn’t raise taxes on anyone earning less than $400,000. It raises billions in new taxes on nicotine products that millions of working-class Americans regularly consume and hikes corporate taxes that ultimately fall on workers’ shoulders via lower wages.
- It does all this while, rather hypocritically, giving the rich a net tax cut...Read all!
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