The Inflation Reduction Act will waste $430 billion and will do absolutely nothing to curb inflation. Around $300 billion will be spent on climate change initiatives. Clearly, that is not going to curb inflation, and paying farmers incentives for reducing emissions still does not change the fact that the current methods are the only way to produce food on a mass scale, no less during a global shortage.
One piece of legislation passed with this bill will embolden the International Revenue Services (IRS) with 87,000 additional workers. We live in a nation where the government takes a cut of our earnings and assets and then asks us to pay them more. How much more? Depends! If you miscalculate anything, you’ll wind up with fees or jail time.
Sen. Ted Cruz (R-TX) explained that the IRS is not adding tens of thousands of agents to target the big bad 1%. “I guarantee you citizens in every one of our states, if you ask them, ‘What do they want?’ they don’t want 87,000 new IRS agents. And they’re not being created to audit billionaires or giant corporations. They’re being created to audit you,” Cruz stated. The government is desperately hunting for any money they can find at our expense.
The House Ways and Means Committee estimates that there will be an additional 1.2 million audits each year, and around 700,000 of those audits will investigate those earning under $75,000. “Democrats want to make the IRS larger than the Pentagon, the State Department, the FBI, and the Border Patrol combined,” Cruz wrote. “That’s a terrible idea. We should abolish the IRS!”
People are financially hurting right now, and the Biden Administration’s plan is to punish small businesses and the middle class. Even far-left Bernie Sanders said that the Inflation Reduction Act would do little to bring down inflation, although he applauded the new corporate tax hike. The government is now acting like the mafia and shaking down citizens for every penny they can find.
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
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