Biden admin gives $20 BILLION to 8 nonprofits to fight 'climate change'
The "largest investment in financing for community-based climate projects in our nation’s history" uses funds from the Inflation Reduction Act.
More From Post Millennial:
The "largest investment in financing for community-based climate projects in our nation’s history" uses funds from the Inflation Reduction Act.
More From Post Millennial:
VP Kamala Harris finally gets to cast her deciding vote in the 50-50 Senate and it is on a scaled down version of the Biden Build Back Better agenda laughingly named the 'Inflation Reduction Act'. The Senate was scheduled to begin their August recess yesterday, but stayed in session throughout the weekend so Democrats can push forward on the monstrous bill with over $700 billion in new taxes and over $400 billion in spending on Left-wing priorities. the Senate passed this misnamed spending bill, it will now go to the House for a vote—likely by this Friday. If you believe that climate change is an existential crisis, you probably believe this bill is too little. If you believe that climate change is a hoax, you believe this is simply wild Democrat spending. Well, you are both wrong. It is not a crisis and it is not a hoax. But, this bill is a waste of money because it will do absolutely nothing to limit climate change in any discernible way. As with other climate change spending, it is simply left wing virtue signalling and enriching political allies on the subject. After Congress fueled inflation with record spending, Democrats are now trying to message that even more spending will now decrease inflation. No one believes that B.S. about having any positive impact on inflation through more spending, just the opposite I'm afraid.
Nonpartisan CBO found over 90% of the bill’s promised deficit reduction (one of the main things Joe Manchin claims sold him on it) would come after 2026, meaning it would do nothing to help reduce current inflation. Just say NO, JOE! https://t.co/v4OkpGIFmO
— Gov. Mike Huckabee (@GovMikeHuckabee) August 4, 2022
Despite the current recession, Democrats included more inflationary spending:
Elizabeth MacDonough, the Senate parliamentarian, and her staff labored into the early hours of Saturday morning to determine whether the bill’s components violated those rules, which require that each provision have a direct effect on federal spending or revenue. Early Saturday, she instructed Democrats to trim the scope of a proposal intended to keep the increase in drug prices from outpacing inflation, saying that a proposed rebate could apply only to drugs purchased by Medicare, not by private insurers. Democrats Trade One Bad Tax Increase for Another Their stock buyback levy will hurt shareholders far more than it will CEOs. Here are THREE simple reasons to oppose this bill—it will: