Correction, Please!
While Dems Deploy Spending, Taxing Gimmicks as Cover,
Pain Will Be Real
Not really about infrastructure: Joe Biden is seen here signing the “Infrastructure Investment and Jobs Act” into law on November 15. The bill contains very little infrastructure spending and will likely cost jobs. (Photo credit: AP Images)
Item: The campaign for monstrous spending bills pushed by the Biden White House and Democrats in Congress has been assisted by the mainstream media. On October 30, for example, ABC News promoted an entry on Twitter about the “framework” agreement for the so-called Build Back Better (BBB) bill. (That proposal changed repeatedly, with a “topline” figure of $3.5 trillion being negotiated to a dubious $1.75 trillion as we write. This was paired with a recently passed $1.2 trillion “infrastructure” bill.)
The network boosted this Joe Biden claim: “After months of tough and thoughtful negotiations, I think we have an historic — I know we have an historic economic framework…. It’s fiscally responsible. It’s fully paid for.”
Item: The New York Times, in its October 28 print edition, reported on the “three-month push to hash out the most sweeping changes to the international tax system in a century.” The account noted that the deal was about to be culminated in an agreement involving Biden and other leaders of the Group of 20 nations in Rome. “The deal,” said the left-wing paper, has become crucial to Mr. Biden’s domestic agenda, with the White House and Democrats in Congress now relying on revenue from a new 15 percent global minimum tax and other changes to help pay for the expansive spending package still being negotiated.”
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