Senate Democrats on Saturday night advanced Biden’s massive tax-and-spend bill dubbed the ‘Inflation Reduction Act.’
Kamala Harris cast the tie-breaking vote Saturday night.
Kamala Harris tie breaker pic.twitter.com/7fQkpMmqF1
— Acyn (@Acyn) August 6, 2022
Just the News reported:
Vice President Kamala Harris cast a tie-breaking vote Saturday to advance President Joe Biden’s massive spending, tax and climate legislation in the Senate.
The 51-50 party line vote allowed senators to begin debate on the legislation, which includes $400 billion in spending and $700 billion in taxes and revenue increases.
Republicans planned to offer about four dozen amendments to force vulnerable Democrats like Sens. Mark Kelly of Arizona and Raphael Warnock of Georgia to take a series of tough votes on everything from border security to taxes.
Senate Republican Leader Mitch McConnell argued the legislation “will kill American jobs and hammer our manufacturing sector” and “have no meaningful impact on global temperatures whatsoever.”
After casting the tie-breaking vote, Kamala Harris claimed the massive bill will “lower costs” for families and “address some of the basic needs families have been having for generations.”
.@VP, after casting a tie-breaking vote to start debate on the Inflation Reduction Act, says the bill is “long overdue and is critically important.”
She said the bill will “lower costs” for families and “address some of the basic needs families have been having for generations.” pic.twitter.com/ita5sZbNvh
— Mychael Schnell (@mychaelschnell) August 6, 2022
More than 230 economists wrote letters to Congress warning that the ‘Inflation Reduction Act’ will make inflation worse.
Fox Business reported:
A letter sent to House and Senate leadership from 230 economists argues that the Inflation Reduction Act is expected to contribute to skyrocketing inflation and will burden the U.S. economy, contrary to President Biden and Democrats’ claims.
The economists wrote in the letter first obtained by Fox News Digital that the U.S. economy is at a “dangerous crossroads” and the “inaptly named ‘Inflation Reduction Act of 2022’ would do nothing of the sort and instead would perpetuate the same fiscal policy errors that have helped precipitate the current troubling economic climate.”
Sen. Joe Manchin, D-W.Va., announced last week he reached an agreement with Senate Majority Leader Chuck Schumer, D-N.Y., on the $739 billion reconciliation package after more than a year of negotiations among Democrats.
The economic experts point to the $433 billion in proposed government spending, which they argue “would create immediate inflationary pressures by boosting demand, while the supply-side tax hikes would constrain supply by discouraging investment and draining the private sector of much-needed resources.”
Even crazy Socialist Bernie Sanders admitted this bill would not lower inflation.
BREAKING: Bernie Sanders just admitted Biden’s Inflation Reduction Act won’t reduce inflation pic.twitter.com/AFBzXfzg3R
— Jack Posobiec (@JackPosobiec) August 7, 2022