In another major step toward implementing Joe Biden’s socialist “Build Back Better” agenda, Congress enacted a $740 billion spending bill packed with leftist policies, including a massive expansion of the Internal Revenue Service (IRS).
On Friday, the House voted 220-207 to pass H.R. 5376, a 755-page bill falsely titled the “Inflation Reduction Act of 2022.” All Democrats voted in favor, while Republicans unanimously voted “Nay.” The Senate previously voted 51-50 (with Vice President Kamala Harris breaking a tie) in favor of the bill; with the House’s passage, the bill now goes to President Joe Biden for his signature.
With the passage of the so-called Inflation Reduction Act, congressional Democrats will have enacted $3.5 trillion in federal spending — much of it with help from Republicans — on top of “ordinary” federal discretionary spending. This includes a $1.9 trillion Covid “relief” bill, a $1.2 trillion bipartisan “infrastructure” bill, and a $280 billion research-and-development spending bill. Congress also enacted a major gun-control bill with Republican help.
The just-passed bill would spend about $740 billion and implement radical-leftist programs that will significantly expand the federal government, along with multiple new or increased taxes. These include:
- $80 billion in IRS funding (including hiring up to 87,000 new, armed agents) so it can find ways to take even more money from taxpayers;
- $369 billion in leftist “climate change” programs, with the goal of lowering carbon emissions by 40 percent by 2030;
- $300 billion in “deficit reduction” (as if one can reduce the deficit by spending more money);
- $64 billion to extend expanded ObamaCare subsidies;
- $2.2 billion to “farmers, ranchers, and forest landowners” who “experienced discrimination” (a form of reparations);
- violating states’ sovereignty by forcing them to adopt leftist policies in exchange for receiving federal funding;
- raising fee rates on energy production on public lands;
- raising income taxes for Americans of nearly every income level;
- raising taxes on small and medium-sized businesses;
- massively expanding tribal loans while removing safeguards;
- subsidizing electric cars made in Canada and Mexico; and
- implementing the international Organization for Economic Cooperation and Development’s (OECD’s) 15-percent global minimum tax proposal, a major step toward world government.
Despite the bill’s title, it will not reduce inflation; according to the Wharton School of the University of Pennsylvania, the bill will “very slightly increase inflation until 2024.” Even without the bill’s passage, inflation is at historic levels, and a bill that massively increases spending (and doesn’t direct it toward the right areas) by definition cannot reduce inflation.
Furthermore, the bill won’t reduce the deficit. (Any projections of this are based on tenuous, long-term and/or overly optimistic presumptions. For example, if the “temporary” extension of ObamaCare is again extended or made permanent, any savings will be significantly slashed.) In fact, it is projected to increase the deficit in four of the first five years after enactment.
H.R. 5376 is the same bill number assigned to the “Build Back Better Act” that Democrats attempted to pass last year. Notably, Biden’s entire “Build Back Better” campaign is based on a UN program to advance Agenda 2030 and the Great Reset. UN leaders and other prominent globalists have promoted the same program. In other words, it is not Biden’s program, but a UN program that he adopted.
Despite the passage of the radical “Inflation Reduction Act” and the other leftist bills, there is still hope to save our constitutional Republic. It is up to the American people, through education and organized action, to put an end to these radical schemes and restore constitutional government.
