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Home Front: Politix

The Inflation Reduction Act Just Passed By Democrats Will Increase Energy Prices By 17%

2022-08-19

[BREITBART] On Wednesday’s broadcast of the Fox Business Network’s "Evening Edit," Rep. Mark Green (R-TN) said that the Inflation Reduction Act reconciliation bill not only increases costs for oil and gas, which will lead to an increase in people’s energy bills, but the legislation also serves as a "huge disincentive" for people to move away from fossil fuels because the majority of electric and plug-in hybrids that are currently eligible for tax credits would actually lose them under the legislation.

Green stated, "If you look at actually, how the bill is structured, 70% of the people who currently get a tax credit aren’t going to get a tax credit. So, this whole notion of trying to incentivize people to move from fossil fuels to electric is just — now, it’s a huge disincentive. So, I don’t get it."

He added, "I mean, I’m making fun of this IRA, supposed Inflation Reduction Act because it’s a joke. I mean, they’re actually taxing oil. They’re taxing natural gas. People’s gas — natural gas bill for their power to heat and cool — heat their homes and cook their food is going to increase 17%. And they’re talking about decreasing inflation? It’s a joke."
Plus a tax increase and 87,000 armed IRS auditors.

Posted by:Sloluse Slutle9788

#2 Much more is made out of petroleum than just gasoline. Some of the people doing this are stupid, others know exactly what they are doing.

Posted by: Super Hose 2022-08-19 13:00

#1
I am for a Constitutional Amendment to limit Income Taxes to a single one time 12% Flat Tax for everyone. A clause that eliminates the current practice of income being taxed multiple times ranging from City level, state level, and Federal Revenue Agencies.

Because the more we spend on items, services and products and less directly paid to Government.
Every $1 spent in the economy generates an additional 84 cents in added Tax revenues.

Posted by: NN2N1 2022-08-19 07:49

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