A 755-Page Hydra-Headed Monster

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Unleash Prosperity Hotline
Issue #592
08/08/2022
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1) A 755-Page Hydra-Headed Monster

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And by the way, how many of the Democrats in the Senate who voted to pass this bill “read the full text.” If you guessed zero, you hit the bullseye.

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2) The Worst “Investment” Ever In The History Of The United States Government?
Maybe.

In today’s Wall Street Journal University of Chicago economist, Tomas Philipson and CTUP co-founder Stephen Moore explain that what this bill does, in a nutshell, is transfer roughly one-third of a trillion dollars from one of America’s most productive sectors (to say nothing of one that saves millions upon millions of lives) – the pharmaceutical industry – to the least productive industry, green energy. Wind and solar - by the industry’s own admission would virtually disappear if it weren’t for the tens of billions of dollars each year taxpayers shell out to subsidize it.

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3) Headline Of The Day
Speaking of the mythology of green energy, even the bluest of blue states admits they can’t keep the lights on without fossil fuels.

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4) Every Senate Democrat Voted To Unleash 87,000 IRS Agents On The Middle Class
Kudos to Senator Mike Crapo for forcing the Democrats to expose the fact that this bill will only raise taxes on those making more than $400,000 a year. His amendment would have restricted additional IRS audits to those who make more than $400k and the amendment failed because EVERY Democrat in the Senate voted against it.

As we’ve said multiple times, they want to sic the IRS on the middle class and small businesses because those are the taxpayers that are defenseless against government auditors.

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5) Even Bernie Sanders Admits This Is A Fake “Inflation Reduction” Bill
It’s sad that the only Democrat to tell the truth about this sham bill was…Bernie. On the Senate floor yesterday he railed against the “so-called Inflation Reduction Act.” He correctly noted that “according to the CBO and other economic organizations that study this bill, it will, in fact, have a minimal impact on inflation….clearly, the inflation of today is pushing the average person even further behind.”

Bernie voted for the bill, but at least he told the truth about it.

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6) Social Security Administration Joins The 21st Century
Sometimes reality is funnier than the comics. This was sent out last week to Social Security recipients:

Next, the SSA will discover the fax machine.

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