Jay Weber Show transcript 8-12-22 6:10am
Here’s some encouraging news: virtually no one is buying that this ‘inflation reduction act’ the Democrats will ram thru the house today-actually reduces inflation.
YouGov did a poll that finds a pitiful 12 percent of Americans are stupid enough to believe Chuck Schumer, Joe Manchin, and Joe Biden on that lie.
Meanwhile four out of ten say it will increase inflation-and they are almost certainly right.
If you look at the raw numbers: only one in five democrats think this stinker of a bill will decrease inflation.
My friends- Manchin and Schumer didn’t even trick their own gullible base on this one. Holy cow.
This is obviously a new disaster for democrats. The house is going to-by God-push these tax increases and new inflationary govt spending thru today- and will send it to Biden’s desk for signature-
And every democrat will be expected to rush out and campaign on it as a great and wonderful win-and American’s already know the truth: this raises taxes. Does not-reduce inflation. And adds 87-thousand IRS agents to the equation, most of whom will be coming for us-in the middle and upper-middle classes.
This poll suggests that Manchin’s last minute ‘hail Mary’ for the democrats is a complete failure, and voters are viewing it as a deal with the devil.
But don’t worry- the president’s approval rating is back up about forty percent this week after all of this ‘winning’ democrats is doing.
Seriously. This was being touted yesterday: big, big news-
Joe Biden’s approval rating is up from 36 percent to 40 percent. That is a-huge- four percent shift in just a week or two-and he and the democrats are ‘back baby’, just in time for the fall elections.
Okay. I’ll believe it when i see it ‘in the results’ November ninth.
Because -from where I’m sitting-the only things that have changed are -gas prices are down about a dollar a gallon-yes. But they’re still four dollars a gallon, nationally...
And everything else amounts to more looming negative news for democrats. They are desperately, desperately hoping that the worst of the inflation is over and it will sort of ...ease...on its own over the next few months....so that they can pretend this Manchin bill worked.
But they just raise taxes on virtually all Americans just three months before an election-and YouGov says most Americans know it.
And they raised those taxes so that they could dump 400-billion dollars into global warming nonsense and another 80 billion into IRS agents.
These taxes weren’t to fund more police officers or border agents. Heck, they weren’t even raised to put more money into schools or welfare programs. Our taxes get raised and we don’t get-a thing-out of it, other than a much larger chance of an IRS audit down the road.
But-when inflation doesn’t ease. When drug prices don’t fall. When the false promises made in this Manchin bill-as they ram it home now-don’t materialize in sept and October- voters are going to feel even more burned and lied to.
And they will have been.
Oh-and now that the provision that beefs up the IRS by 80-billion dollars and 87-thousand agents is being more closely examined-holy cow-is it bad. Even the NY Times and wash post can’t put lipstick on this pig: the IRS graphs they are running already show that most of the -current- IRS audits target the middle class, not the rich, and the studies being done on this new bill suggest the same: out of 1.2-million more audits expected to occur as a result of this 700-thousand of them- more than half-will fall on people making under 75-thousand dollars a year. Wow.
Those making between 75-grand and 200-thousand dollars a year will be hammered the next hardest.
And these earners will-because- despite what Bernie and squats and the dems want to say- that is where the money is...
And importantly. That is where the money is easiest to grab.
Why don’t more audits occur on the rich and corporations? Because they are expensive and time consuming. The rich have teams of lawyers. And because a fight over any ‘taxes owed’ can take years and years with no pay off.
Take Donald Trump as an example: he has said that because he’s a billionaire, his taxes have been under a constant state of audit for decades. Has the IRS found any mistakes of evasions that warrant that level of scrutiny or that sort of relentless examination?
No. All they do is create jobs and more billable hours for trump’s tax lawyers.
So-
Expect the IRS to turn the dogs loose-on us. Not the so-called rich...and no... not the major corporations that Bernie and squats are so certain are cheating.
Steve Forbes has long championed the flat tax. Paul Ryan had a dream of something very similar, in which nearly every American could do their federal income taxes on a post card.
My god-why can’t we get to that?
For the love of God, why does tax law need to be so insane, complicated, and expensive to comply with?
The answer to that is: we have lawmakers on both sides of the aisle-but most especially on the left-who want to use tax code and tax incentives to pick winners and losers. To reward political donors. And to manage us. People like Liz Warren have wet dreams about managing every, sector, of the economy this way.
Look at how the eco-zealots have Biden and the democrats acting as puppets- mismanaging the energy sector this way: punish fossil fuel producers with new regulations and taxes. While rewarding the green energy with subsidies and tax breaks.
Folks-if we went to a flat tax, it would simply destroy-decimate- our lawmaker’s power to control us, manipulate the masses, and reward their cronies, that they can never have that.
And so, we are stuck with this: nearly six thousand changes to the tax code over the last 20 years-with more coming. This Schumer/Manchin bill is littered with new ones.
And who gets pounded the hardest?
The people with the most money and the fewest lawyers.
photo credit: Getty Images
story credit: https://today.yougov.com/