1) Biden And Democrats Are Spending $5 Billion On “Green” School Buses
This isn’t a misprint. We didn’t mean to say $5 million for electric school buses. It REALLY is $5 BILLION over five years.
Mind you these are the new green buses that will drive our 8- and 10-year-olds to the very public schools that aren’t teaching the kids how to read or write (according to the latest depressing national testing scores).
This EPA program was announced in Seattle by Vice President Kamala Harris. (Hooray, they finally found something she can’t screw up.) The money funnels through the $300 billion green energy slush fund stashed away in the Inflation Acceleration Act.
“These investments are going to go everywhere school buses go,” gushed Kamala. So now even our education dollars are being intercepted by the green lobby. The tragedy is that with $5 billion, tens of thousands of school kids could be given $12,000 vouchers to receive an excellent education at schools that care more about teaching the kids math, Science, phonics, and history than they do about climate change.
And by the way, school buses should be yellow – not green.
2) Fate Of The Trump Tax Cuts Hang In The Balance Of The Nov. Elections
This week marks the fifth anniversary of the passage of the highly successful Trump Tax Cuts that CTUP co-founders Larry Kudlow and Steve Moore had a big hand in crafting.
So did Kevin Brady, who was the Chairman of the GOP House Ways and Means Committee, who has issued a new report on the tax cut impact. The Democrats keep attacking the Trump tax cut as a $2 trillion tax giveaway even though tax revenues soared after its passage. Here are the facts:
Just one year after the Tax and Jobs Act went into effect, the growth in wealth of lower-income families outpaced that of the upper class – for the first time since 2007.
TCJA reduced the average federal tax rate from 20.8 percent to 19.3 percent for all filers.
Republican tax reform led to the lowest unemployment rate in 50 years.
Unemployment reached all-time lows for African-American workers, Hispanic workers, and workers without a high-school degree.
American workers also enjoyed the fastest wage growth in a decade.
The plan led to the lowest poverty rate in a half-century and shrunk income inequality for the first time in anyone’s memory.
The midterm elections are critical because if the Democrats hold on to their majorities in congress, they have pledged to let the tax plan expire. Republicans promise to make it permanent. And why not? If something is working you don’t kill it.
The latest state-by-state job numbers are out and this may sound familiar to regular Hotline readers, but the 10 states that have seen the fastest job recovery since the start of COVID all have Republican governors and all of them opened up their economies early in the pandemic. These red state governors also early on got rid of absurd bonus unemployment benefits that were all the rage in the blue states.
So much for Europe’s commitment to green energy. Wouldn’t it be wonderful for America’s energy security if we could build more clean coal plants and fewer ugly and inefficient wind farms?
