2) The Committee For An Irresponsible Federal Budget
Joe Biden signed into law the horrific Inflation Acceleration Act – which, as you know, increases government taxes and spending by roughly ANOTHER $750 billion. One of the groups that betrayed taxpayers and fiscal sanity in this fight was the inaptly named Committee for a Responsible Federal Budget. To believe this bill will lead to a “responsible federal budget” is about as divorced from reality as to believe that this is an “inflation reduction act.”
Yet here is the statement that Maya McGuineas of CFRB put out to the press:
This legislation focuses on lowering health care and energy costs (sic), raising revenue, and reducing deficits (sic) and is exactly what the doctor ordered.
Senator Manchin deserves tremendous credit for pushing this fiscally responsible reconciliation bill (sic).
We are speechless. The Heritage Foundation reports that the bill will INCREASE the deficit by “at least $110 billion through 2031.” The bill raises $300 billion for corporate give-always for the climate change industrial complex, includes a massive expansion in the entitlement state with the added Obamacare subsidies, and fails to cut even a penny from a single domestic program.
Sadly, the CFRB has a history of supporting multi-trillion dollar bailout bills and CFRB OPPOSED the Trump tax cut of 2017 – which ended up RAISING revenues and helped create the strongest American economy in decades.
CFRB has again exposed itself as "bipartisan." Bipartisan? They supported the most partisan bill in modern times: every Democrat voted for this bill and not a single Republican, CFRB is now officially a front group that gives aid and intellectual support to the tax and spend forces on Capitol Hill.
We at the Hotline have been documenting the ridiculous ways in which liberals have been selling the Biden tax and spendapalooza bill.
Today’s whopper has Rep. Katie Porter of California calling fears that the bill’s 87,000 new IRS employees will mean more middle-class audits “a load of malarkey.” She incredibly told MSNBC that “The number one agency that the American people would like to have (with) more agents, be more helpful, pick up the phone, build better technology, be more responsive – is the IRS. So, this is an investment in allowing the IRS to modernize….”
Porter then pulled out a whiteboard on air and argued, “For every dollar that we invest in IRS enforcement, of the most wealthy Americans….we can recover $5 in taxes that are owed to the rest of us.”
This isn’t even remotely close to the truth. Only about 4% of the money is for taxpayer “assistance.” Most of it is for audits and investigations.
William Herick, a former IRS lawyer who was forced to leave a 30-year-long career with the agency in 2017 after becoming a whistleblower, recently told Fox News: “The idea that they’re going to open things up and go after these big billionaires and large corporations is quite frankly bulls–t.”
“The big corporations and the billionaires are probably sitting back laughing right now,” he continued.
4) California Cows Leave Home In Futile Effort To Stop Global Warming
California’s dairy industry is literally being pushed out of the state – a victim of rising costs, water shortages, and new regulations of every kind. Maybe they will become Texas Longhorns!
One regulation requires that methane emissions from farms be cut by at least 40% by 2030 to fight climate change. Dairy farms – whose cow “burps” are responsible for 30 percent of the state’s methane “emissions” – are in the crosshairs.
Regulations further restricting how dairies process cow manure may kick in only 18 months from now, and nonprofit dairy analyst Michael Boccadoro fears more of the state’s remaining 1.7 million cows will be moved out of state as a result: “California doesn’t want to be accused of adopting policies that result in the export and increase of methane emissions.”
Hence the cows will continue to leave their California home – but that just means moo-ving the problem to another state at a time when demand for milk products continues to rise.
