Sunday, October 24, 2021

JOE BIDEN - WHERE ARE MY DEM VOTING ILLEGALS?!? - WE'VE GOT TO KEEP WAGES DEPRESSED!!!

Watch: Migrant Caravan Breaks Through Mexican Police Lines

6:02

A caravan of a few thousand migrants has begun pushing its way north Saturday from southern Mexico, hoping the U.S. and Mexican governments will stand aside while they reach the new lives and jobs in the United States.

The economic migrants departed from the southern town of Tapachula, where many of them have been kept by the Mexican government.

The migrants are fleeing their own failed economies, and are hoping to let them into the United States. Since January, Biden’s deputies have allowed roughly 1 million southern migrants into the United States, even as they also rejected 1 million migrants.

The migrants are appealing to President Joe Biden to let them into the United States:

The caravan migrants pushed their way past a thin line of Mexican police:

The migrants come from many countries, including the Northern Triangle countries of Honduras, El Salvador, and Guatemala.

The economies of these three countries have been deeply damaged by the U.S. government‘s policy of extraction migration. At least one million young people have been extracted from those countries to serve the U.S. economy as workers, renters, and consumers. The loss of many young people reduces investment in those countries, cuts job growth, and cripples political reform of corrupt governments.

Mexico’s government has the power to block the migrants. But it may prefer to let them get to the United States — just as it let roughly 15,000 Haitian migrants cross the Rio Grande at Del Rio in September.

Currently, Mexican and U.S. government officials are negotiating some sort of migration policy.

The Del Rio Port of Entry has reopened after it was closed for over a week due to an influx of migrants, mostly Haitian, that had gathered under the bridge at the US-Mexico border in Del Rio, Texas on September, 25, 2021. (PAUL RATJE/AFP via Getty Images)

Mexico has leverage in those negotiations, in part, because President Joe Biden’s border officials at the Department of Homeland Security favor migration and are deeply reluctant to physically stop migrants.

This official reluctance to defend Americans’  border and national labor market ensures that the Mexican government can pressure the U.S. government by allowing migrants to hit the U.S. border. This threat can help Mexico’s government extract promises from Biden to provide direct or indirect benefits to Mexico.

One of the claimed leaders of the group told a reporter that many of the migrants would stay to work in Mexico if they got Mexican work permits:

What Mexico should like every country is to make sure they do their share …  Money is not going to solve the problem …. [pushing] people from the south border [of Mexico] to the northern border is not the solution. They should give them [work and residency] papers here. They should get an opportunity to work here because a lot of them don’t want to be brought to the U.S. But the Biden administration — with this [Mexican] administration — it’s like holding them [the migrants] like cattle. First they come to this jail [Tapachula], then to go to the northern border. We’re asking them, [the] Mexican government, to give them papers to have a choice because Mexico is a good place to live, to work.

However, many migrants have told U.S. media that they only get Mexican legal documents to help them avoid arrest as they travel up to the U.S. border.

The claimed leader, Irineo Mujica, however, is a long-time activist for a pro-migration group, dubbed Pueblo Sin Fronteras — people without borders. The group is reportedly a spin-off of a Latino group in Chicago. Mujica also has ties to a pro-migration group in Ireland, dubbed Front Line Defenders.

The night before, however, Mujica criticized Biden’s administration with language matching the criticisms from U.S. progressives and corporate lobbyists:

They are just relying on their own polls. If I told you the truth … at least with Donald Trump, we knew what we had. With Biden … he doesn’t seem to have a clue what to do with immigration because he says one thing and does another. Tell me something that Joe Biden has done [for migrants]? He promised immigration reform. He hasn’t done it. He promised he was going to take care of the migrants. He hasn’t done it.

In reality, Biden’s deputies have rolled back border defenses and allowed roughly 1 million economist migrants to openly or stealthily cross the border from January to the end of September.

Biden has also granted or renewed work permits for at least 1 million migrants living in the United States, including Haitians, Venezuelans, and even residents of Hong Kong.

Biden has also imported roughly 50,000 Afghans, and his deputies are doing little to deter a growing number of economic migrants from Asia and Africa.

Biden is also trying to provide an amnesty and citizenship to all illegal migrants in the United States. If the migrants get across the U.S. border, and if Congress passes the amnesty, they will be able to buy fake documents that claim they are eligible for the amnesty.

Haitian migrants play cards and rest outside a migrant shelter where they await their immigration resolution, in Monterrey, Mexico, on September 26, 2021.  The mostly Haitian migrants who had gathered on both sides of the US-Mexico border have provoked a major border crisis for the Biden administration. (JULIO CESAR AGUILAR/AFP via Getty Images)

The huge flow of foreign workers across the line of the 50-state union is welcomed by many employers. The employers claim that a lack of willing American workers is forcing them to raise wages and to treat those workers with more respect.

In contrast, Trump blocked nearly all migration in 2020, and also blocked the planned inflow of one million expected foreign workers from the U.S. economy in 2020 and 2021. His pro-employee policy helped American employees gain wage-raising clout in their own national labor market.

Late in the day, the caravan had swelled to perhaps 5,000 people, and some migrants carried a cross in an appeal to Christian charity.

The caravan may take 18 days to reach the U.S. border. But the pace will be faster if Mexican drivers provide many riders with short-distance rides, as has happened in prior caravans.

The pace will be slower if Mexican police start picking off smaller groups of migrants, and drive them back to Tapachula or deport them to their home countries.

 

  ALL TECH BILLIONAIRES ARE DEMOCRATS. ALL BILLIONAIRES WANT JOE BIDEN'S NAFTA OPEN BORDERS TO FLOOD AMERICA WITH 'CHEAP' LABOR THAT MIDDLE AMERICA WILL HAVE TO PAY FOR.


Pinkerton: Bidenflation Meets Bidenunemployment

SCRANTON, PENNSYLVANIA - OCTOBER 20: President Joe Biden speaks at an event at the Electric City Trolley Museum in Scranton on October 20, 2021 in Scranton, Pennsylvania. In an effort to appease West Virginia Senator Joe Manchin, the President has discussed a $1.75 to $1.9 trillion price tag for the …
Spencer Platt/Getty Images
11:40

The Toxic Policy Twins

This October 20 headline in the New York Times is worth a ponder: “Where Are the Workers? How can so many Americans afford not to work? And will it last?”   

Good questions! As we all can see, the economy is running short of workers in high-visibility sectors, and it’s an open question as to whether this shortage is a short-term phenomenon or a long-term one. Interestingly, the Biden administration seems to want it to be the latter (more on that in a bit).  

In the meantime, the Times has its explanation for voluntary unemployment: “Americans are flush with cash.” That is, of course, an exaggeration. Most Americans are nowhere close to full-up money-wise. 

Yet still, the natural prosperity of the U.S. economy—including the boom brought on by Donald Trump’s 2017 tax cut—has been further goosed by Covid-related stimulus, including trillions in direct federal expenditures, as well as ultra-low interest rates and accelerated loans and grants. In the words of the Times:

Thanks to pandemic stimulus programs during both the Trump and Biden administrations, many families have received multiple checks from the federal government over the past 18 months. Those stimulus programs also increased the size of unemployment benefits. Over the same period, home values and stock prices have risen, too. As a result, many households have more of a financial cushion than they used to.

We can look back and say that some of this spending was necessary. After all, the economy suffered a CCP-virus related “heart attack” in early 2020, and so it was a good idea for the government to apply electrical cardioversion (money defibrillators) and to set in motion counter-cyclical spending 

Moreover, on the matter of voluntary unemployment, we can further say that not every job is a good job. To put the point another way, bad jobs usually become good jobs when they pay more. So in that sense, if workers are scarce relative to the number of available job openings—some 10 million, according to the Labor Department—that’s good because the competition for workers will bid up wages. 

Yet we should also beware of these two economic dangers: 

First, over-spending: Today, the federal government is spending too much, overheating the economy and igniting inflation 

Second, over-regulation: The feds (and some state and local governments) are causing supply problems and have been for a long time. The latest and most obvious example of a regulatory obstacle is the vaccine mandates that inhibit businesses and workers from normal functionality.

A now hiring advertisement appears on the back of a fuel trucks on April 29, 2021 in Richmond, California. A lack of qualified truck drivers could lead to a shortage and gasoline this summer and could cause prices to spike. (Justin Sullivan/Getty Images)

This toxic twinning of red ink and red tape is a formula for inflationary stagnation or, as it was called in the 1970s, stagflation. As it happens, I have written much about the ominous parallels between the economy of the 2020s and that of the 1970s, including herehere, and here 

Indeed, the historical record tells us that if the ’70s/’20s parallelism is allowed to continue, the voluntary unemployment we see today will be joined by something much worse tomorrow: involuntary unemployment.  

Joe Biden, born in 1942, ought to remember the 1970s. And yet instead of learning from the past with an eye toward avoiding pitfalls, Biden seems happy to be reliving it.

The Toxic Policy Triplets

Even more remarkably, the 46th president seems eager to revive yet another mistake from the past, namely, bidding potentially productive Americans out of the workforce by putting them on the government dole. 

Such runaway welfarism was a policy mistake of the 1960s. In that decade, President Lyndon Johnson’s Great Society agenda caused welfare spending as a percentage of the economy to double.

One bad result of the Great Society was a sharp increase in the federal deficit, and yet we also saw the worsening of problems vastly more dangerous: a worsening of human dependence, of cultural degradation, and of social breakdown.  

Yes, it was the height of perversity. The federal government was spending billions to actively make societal problems even more problematic. (A brave examination of this tangle of pathologies—simultaneously soaring rates of unwed births, dependence, drug use, and criminality—can be be found in journalist Ken Auletta’s 1983 book, The Underclass, which helped to convince even liberals that we needed a change in welfare policy.)

President Lyndon B. Johnson signs the Economic Opportunity Act of 1964, the centerpiece of his War on Poverty, in the White House Rose Garden on August 20, 1964. (LBJ Library)

Finally, in the late 1980s, a great Republican governor, Tommy Thompson of Wisconsin, aided by his intrepid social-services chief, Jason Turner, began chipping away at the welfare problem. In the following decade, Wisconsin’s reform movement went nationwide; in 1996, the Republican-led 104th Congress prodded President Bill Clinton into signing a landmark federal welfare reform bill.  

The results of this reform were dramatic. Over the next quarter-century, the number of people on welfare (first called Aid to Families with Dependent Children, and now Temporary Assistance to Needy Families) fell from 12.6 million in 1996 to 2.9 million in 2020.

To be sure, the problem of costly welfare-dependence has hardly gone away. As former Texas senator Phil Gramm wrote recently in The Wall Street Journal: 

Since the War on Poverty started in 1965, the labor-force participation rate of bottom-quintile earners, who now receive more than 90% of their $50,000 average income from government transfer payments, has fallen from almost 70% to 36%.

In other words, Uncle Sugar is still ladling out plenty of sweets, such that those who don’t wish to work can still enjoy material conditions that most of the world would envy. (Most people around the world would not, however, envy the actual lifestyle of the American underclass.) 

U.S. Rep. Newt Gingrich (R-GA), left, and Wisconsin Gov. Tommy Thompson compare notes at the Republican Governors Association meeting in Fontana, WI, on November 18, 1992. In 1994, Gingrich would lead the GOP in winning a majority in the House of Representatives in an historic mid-term election campaign centered on the Republicans’ “Contract with America,” which promised welfare reforms similar to the policies enacted by Thompson in Wisconsin. (AP Photo/Charles Bennett)

As the recent spike in crime tells us, the same problems of welfare-induced underclass pathology that Auletta chronicled are still with us today. To be sure, the problem is smaller than it was three for four decades ago, and yet it is larger than it was even just a few years ago. 

Yet all the while, the left has been looking for an opportunity to undo any and all welfare reform. In 2021, with the beginning of the Biden presidency, progressives saw their window of opportunity.  

That aperture was the $3.5 trillion Build Back Better (BBB), also known as the reconciliation bill, now being debated in Congress. 

One of the most controversial elements of BBB is what Democrats call a childcare tax credit (CTC). For their part, Republicans call CTC a Trojan Horse designed to undo welfare reform by stealth.  

As part of their political pitch, Democrats typically spin CTC as a tax cut, even though more than three-fourths of the benefits will go to families who already pay no taxes. Which is to say, CTC is a grant. Moreover, since there’s no work requirement or even an education requirement, CTC is really a no-strings-attached handout. Which is to say, it’s a plan for a return to the open-ended era of pre-1996 welfare spending and all the attendant troubles.

The current CTC proposal calls for families to receive $3,600 annually for each child under age six and $3,000 for each child aged six to 18, with a total cost over ten years of $550 billion. 

Robert Rector and Jamie Bryan Hall of the Heritage Foundation argue that the purported “tax relief” of CTC is really a bait-and-switch: 

Contrary to the administration’s rhetoric, the primary focus and sole permanent feature of the child allowance policy would not be tax relief, but the elimination of all work requirements and work incentives from the current child credit program.  In pursuing this change, the administration explicitly seeks to overturn the foundations of welfare reform established during the Clinton presidency.

We can add that work requirements are about much more than just getting people into jobs to help the economy. The far greater importance of work requirements is the signal that they send to the individual. One part of the message is that work is good because work organizes one’s personal life, thereby preventing the decadence of indolence. And a second part is that work is good because it makes every worker a contributing, as well as a benefiting, member of the commonwealth. That’s the key to a genuinely great society where every able-bodied citizen is a free and independent stakeholder. 

Obviously, many progressives don’t agree with any of this thinking about the value of work. And at least for now, they are in charge of the national agenda. In fact, as Rector further explains, the Biden plan “abandons the link between work and welfare established by welfare reform in the 1990s and re-establishes the principle of unconditional entitlement to taxpayer-funded benefits.” Rector adds, “A better policy would be to strengthen work obligations for able-bodied recipients in such programs as Temporary Assistance to Needy Families, the Earned Income Tax Credit, subsidized housing, and food stamps.”

President Bill Clinton clinches his fist during an October 27, 1996, speech in Nashville, TN, touting the success of welfare reform, which Clinton embraced during his re-election campaign. (PAUL J. RICHARDS/AFP via Getty Images)

Interestingly, most Americans seem to agree with this conservative vision. To be sure, they might have trouble picking their way through the spun-up phraseology of the Biden plan, and yet once the real issues—upholding personal responsibility and vindicating the work ethic—are explained to them, they end up in agreement with the Heritage Foundation experts in supporting work, not welfare. 

The gut wisdom of ordinary people is further attested by survey researcher Rich Thau, who has conducted focus groups on CTC. He quoted one young woman in Texas saying, “The child tax credit specifically is just going to promote more people to stay at home and not go to work, because they’re getting this free money handed to them.”  

Thau added, “This point—reminiscent of 1980s complaints about welfare—was widely shared among these swing voters.” As we can recall, concerns about welfare and the resulting underclass hit a peak in the ’80s, thereby causing political leaders to finally fix the policy mistakes of decades prior.  

Today, Biden has a problem. His overall BBB has been so battered by scrutiny that it’s looking more like a bane, not a boon, to Democrats. And CTC is a particular bone of vulnerability. And while most Congressional Democrats are still on board with BBB—albeit with greater unease—one important Democrat is definitely not on the back-to-the-bad-old-days train.  

That would be Sen. Joe Manchin of West Virginia, who said in September of CTC, “There’s no work requirements whatsoever. There’s no education requirements whatsoever for better skill sets. Don’t you think, if we’re going to help the children, that the people should make some effort?”

As of now, we don’t know what will happen with CTC, just as we don’t know the fate of the BBB. 

We only know this much: Joe Biden has revived two of the worst ideas of the 1970s, inflationary over-spending and contractionary over-regulation, and added a third bad idea from the 1960s: destructive welfarism. 

And so the toxic policy twins have now become toxic policy triplets. 


Brooks: ‘I’m Not Quite Sure I See’ Goal of Refining Reconciliation Bill Being Supporting Working Class and Those Without College Degrees

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On Friday’s “PBS NewsHour,” New York Times columnist David Brooks argued that the reconciliation bill should push “money to people without college degrees who are in the working class,” but right now, he doesn’t see that being the approach to what gets taken out of and left in the package.

Brooks said, “Some choices, I think, are quite unfortunate. They’ve put at risk the size of the child tax credit, which I think is the single best thing in the whole bill, which really does reduce childhood poverty to a great degree. Some choices they could wander into could be very good choices. They’ve lost the core of the climate change. But senators like Ron Wyden, Democrat from Oregon, is talking about a carbon tax, and that would solve a lot of things at once. It would help reduce carbon emissions, but also raise revenue to pay for this stuff. And so, I still think a lot is under negotiation. And what I’m looking for is, is there a theme to what they leave in and what they take out? Do they have an overall theory of the case? In my view, we’ve spent the last 40 years funneling money to rich people with college degrees. We should have a big spending bill that funnels money to people without college degrees who are in the working class, and that would be my theme, decide what [comes] and goes. Right now, I’m not quite sure I see it.”

Follow Ian Hanchett on Twitter @IanHanchett

 

JOE BIDEN’S OPEN BORDERS: HOUSTON NATION’S BIGGEST MEX SEX TRAFFICKING CAPITAL

 

What's causing the supply chain crisis? | Fox News Rundown

 

https://www.youtube.com/watch?v=_SqV0DkxGsA

 

Jim Banks Reveals the ‘Mind-Blowingly Corrupt’ Carveouts in $3.5 Trillion Infrastructure Bill

SEAN MORAN

Rep. Jim Banks (R-SC), the chairman of the Republican Study Committee (RSC), detailed many of the most radical aspects of the $3.5 trillion infrastructure bill.

Biden has gambled his legislative majority on passing two infrastructure bills, the $1.2 trillion bipartisan infrastructure bill, or the Infrastructure Investment and Jobs Act, and the $3.5 trillion reconciliation infrastructure bill, otherwise known as the Build Back Better Act.

Democrats hope to pass their mammoth, $3.5 trillion legislation through reconciliation, which allows the Senate to pass legislation with only a simple majority.

Although Democrats have not agreed to the final tenets of the legislation, Americans can see the tentative details of the Democrats’ marquee legislation.

Rep. Jim Banks (R-IN), the chairman of the Republican Study Committee (RSC), released an exhaustive list of some of the most radical aspects of the Democrats’ “socialist takeover bill.”

Banks’ press release hopes to serve as messaging House Republicans can use to rally against Biden’s marquee bill.

The RSC contended in a press release Tuesday that Democrats plans to hide the bill text to prevent Americans from knowing how radical the bill is.

“They’ve played ‘hide the ball’ with the bill text so as not to tip off the public as to what they’re putting in their bills. Then, they bring it to the floor and tout some poll numbers and scare their members into voting for it,” the RSC wrote.

The RSC noted the bill would:

1. Perpetuates labor shortage: Continues welfare benefits without work requirements for able-bodied adults without dependents at a time where there are 10.1 million job openings—more openings than there are people looking for work.

2. Commissions a climate police: Democrats stuffed $8 billion into the bill to commission a cabal of federally funded climate police called the Civilian Climate Corps (CCC) who will conduct progressive activism on taxpayers’ dime (pages 821, and 926).

3. Pushes Green New Deal in our public schools: Requires funding for school construction be used largely on enrollment diversity and Green New Deal agenda items (page 55).

4. Pushes Green New Deal in our universities: Democrats include a $10 billion “environmental justice” higher education slush fund to indoctrinate college students and advance Green New Deal policies (page 1,935).

5. Forces faith-based child care providers out: The bill blocks the ability of many faith-based providers from participating in the childcare system and will lead to many of their closures (page 280).

6. Hurts small and in-home daycares: Requires pre-K staff to have a college degree. (page 303)

7. Includes new incentives for illegal immigration: Illegal immigrants will be eligible to take advantage of Democrats’ new ‘free’ college entitlement (page 92) as well be eligible for additional student aid (page 147) and the enhanced child tax credit (page 1,946).

8. Includes legislative hull for Biden’s vaccine mandate: Increases OSHA penalties on businesses that fail to implement the mandate up to $700,000 per violation and includes $2.6 billion in funding for the Department of Labor to increase enforcement of these penalties (page 168).

9. Gives unions near-total control: The bill includes insane prohibitions that would bind employers’ hands in union disputes and dangerously tilt the balance of power, subjecting employers to penalties that exempt union bosses and officials… among other things this bill would prevent employers from permanently replacing striking workers (page 175). It coerces businesses to meet union boss demands by increasing Fair Labor Standards Act penalties by an astronomical 900% (page 168).

10. Makes unions bigger and more powerful: The bill would subsidize union dues that would only serve to strengthen the influence of union bosses and not American workers (page 2323).

11. Pushes Democrats’ wasteful and confusing school lunch agenda: $643 million for, among other things, “procuring…culturally appropriate foods” (page 333).

12. Furthers radical abortion agenda: Does not include the Hyde amendment and would mandate taxpayers pay for abortions (page 198) & (page 336).

13. Drives up costs on Americans’ utility bills: Issues a punitive methane tax (page 367) and includes a tax on natural gas up to $1,500 per ton that could cost the American economy up to $9.1 billion and cost 90,000 Americans their jobs (page 368).

14. Includes dangerous & deadly green energy mandate: Effectively forces Americans to get 40% of their energy from wind, solar and other unreliable forms of energy within 8 years (page 392). Reliance on these energy sources has proven deadly.

15. Includes kickbacks for the Left’s green energy special interest network: $5 billion for “environmental and climate justice block grants” (page 377) and another $100 billion in green energy special interest subsidies, loans and other carve outs.

16. Gives wealthy Americans tax credits: $222 billion in “green energy” tax credits will be given to those who can afford expensive electric vehicles and other “green” innovative products (page 1832).

17. Furthers Democrats’ social justice agenda: Includes “equity” initiatives throughout the bill and, in one instance, Democrats inserted “equity” language into a title which should have been focusing on the maintenance of the United States’ cyber security efforts (page 897).

18. Grants amnesty for millions of illegal immigrants: House Democrats have included in their reconciliation bill a plan to grant amnesty to around 8 million illegal immigrants at a cost of around $100 billion over ten years that would largely be spent on welfare and other entitlements (page 901). Trillions more would be spent long term on their Social Security and Medicare.

19. Opens border even wider: The bill would waive many grounds for immigration inadmissibility, including infection or lack of vaccination status during a Pandemic, failure to attend removal proceedings in previous immigration cases, and the previous renouncement of American citizenship. DHS may also waive  previous convictions for human trafficking, narcotics violations, and illegal voting (page 903).

20. Increases visa limit: At least 226,000 family-preference visas would be administered each year (page 905).

21. Grants fast-tracked green cards for those seeking middle-class careers in America: Language included in the bill exempts certain aliens from the annual green card statutory limits and has been described as a  “hidden pipeline for U.S. employers to flood more cheap foreign graduates into millions of middle-class careers needed by American graduates” (page 910).

22. Includes pork for Nancy Pelosi: $200 million is earmarked for the Presidio Trust in Speaker Pelosi’s congressional district (page 933).

23. Increases energy dependence on OPEC, Russia and China: The bill prohibits several mineral and energy withdrawals (page 979). It overturns provisions included in the Tax Cuts and Jobs Act that authorized energy production in the Arctic that will result in 130,000 Americans losing their jobs and $440 billion in lost federal revenue (page 983) and the mineral withdrawals it prohibits would, ironically, include minerals necessary for renewable energy sources (pages 934940943).

24. Exacerbates the chip shortage: The bill would mandate the conversion of the entire federal vehicle fleet from internal combustion engines to electric engines at a time when there is a global microchip shortage and crippled supply chains (page 1,043).

25. Democrats’ feckless China bill is included: Concepts from the insanely weak Endless Frontier Act included, including $11 billion in research funding that will likely result in American intellectual property going to China (page 1079 – 1081).

26. Chases green energy pipe dreams: $264 million to the EPA to conduct research with left-wing environmental justice groups on how to transition away from fossil fuels (page 1063).

27. Fixes “racist” roads and bridges: Adds a nearly $4 billion slush fund that would help left-wing grassroots organizations that, among other things, want to tear down and rebuild or otherwise alter infrastructure deemed “racist” (page 1183).

28. Punishes red states for failing to adopt Green New Deal provisions: Mandates “consequences” for conservative states that don’t meet the radical Left’s “green” climate standards while at the same time adding nearly $4 billion for “Community Climate Incentive Grants” for cooperating states (page 1179).

29. Includes new massive, bankrupting entitlement: The new paid leave entitlement would mandate workers get 12 weeks of paid leave and would cost $500 billion over ten years according to the CBO (page 1245). It would apply to those making up to half a million dollars a year (page 1254).

30. Advances a totalitarian and paternalistic view of the federal government: Includes grants for organizations to treat individuals suffering from “loneliness” and “social isolation.”

31. Further detaches individuals from employment and more reliant on government handouts: The bill spends $835 billion on welfare through manipulating the tax code [not including the expansions of Obamacare subsidies] (page 1943).

32. Tax benefits for the top 1%: The bill will possibly lift the SALT deduction cap meaning many of the top 1% wealthiest Americans would pay less in taxes.

33. Tax credit for wealthy donors who give to woke universities: The bill creates a new tax credit program that gives tax credits worth 40% of cash contribution that are made to university research programs (page 2094).

34. Expands worst parts of Obamacare: Obamacare’s job-killing employer mandate will become more severe by adjusting the definition of “affordable coverage” to mean coverage that costs no more than 8.5 percent of income rather than current law’s 9.5 percent of income (page 2041).

35. Increases taxes on Americans at every income level: $2 trillion in tax hikes will fall on those making under $400,000 per year, contrary to what the White House says. Individuals at all income levels will be affected (Ways and Means GOP).

36. Lowers wages for working families: The corporate tax rate will increase by 5.5%, meaning American companies will face one of the highest tax burdens in the world. According to analysis, two-thirds of this tax hike will fall on lower- and middle-income taxpayers (page 2110).

37. Penalizes marriage: The bill would permanently double the EITC’s marriage penalty on childless worker benefits (page 2036).

38. Imposes crushing taxes on small business: Guts the Tax Cuts and Jobs Act small business deductions that reduced pass-through entity taxes to keep them comparable to taxes imposed on corporations (page 2235) as well as hammer small businesses that file as individual tax earners with the 39.6% rate (page 2221) and Obamacare’s 3.8% tax on net investment income.

39. Crushes family businesses and farms: The bill would impose a 25% capital gains rate  (page 2226) and makes alterations to the Death Tax including cutting the Death Tax exemption in half (page 2240).

40. Violates Americans’ financial privacy: $80 billion slush fund to hire an 87,000-IRS-agent army to carry out the Biden administration’s plan to review every account above a $600 balance or with more than $600 of transactions in a year. (page 2283).

41. Increases out of pocket costs for those who rely on prescription drugs: The bill repeals the Trump-era Rebate Rule which passes through rebates directly to consumers at the point of sale (page 2465).

42. Imports policies from countries with socialized medicine: The bill includes healthcare policies imported from systems in Australia, Canada, France, Germany, Japan and the United Kingdom—all countries that have government-run healthcare systems (page 2349).

The bill also has other lesser-known provisions, including:

· $5 million per year for the Small Business Administration for an entrepreneurial program for formerly incarcerated individuals.

· $2.5 billion for the Department of Justice (DOJ) to award competitive grants or contracts to local governments, community-based organizations, and other groups to support “intervention strategies” to reduce community violence.

“Each of these 42 bullets is enough to vote against the bill. Taken together—it’s mind-blowingly corrupt. We need to loudly oppose it,” Banks charged in the release.

He added, “Democrats are scattered. The Biden agenda is in question. It’s the perfect opportunity to build public sentiment against this bill. The American people need us to be the vanguard against the Left’s radical plans.”

“It’s not an understatement to say this bill, if passed, will fundamentally change our country forever—Americans will wake up in a few years and wonder what happened to their freedom. We can’t let that happen, Banks concluded.

Sean Moran is a congressional reporter for Breitbart News. Follow him on Twitter @SeanMoran3.

 

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