Senator Kyrsten Sinema is playing coy on whether or not she’ll support the Democrats’ so-called ‘Inflation Reduction Act’ – a thinly-veiled tax hike and climate change bill – saying she is “taking my time.”
Sinema, many observers believe, may be the lone ‘moderate’ Democrat standing in the way of her colleagues’ ability to pass the bill now that Senator Joe Manchin (D-WV) caved and reached a deal with Senate Majority Leader Chuck Schumer.
Democrats openly plan to pass the bill without a single Republican vote, using reconciliation to avoid the filibuster.
Manchin, according to the New York Timeswas sold on the bill after months of negotiations due to a pledge by Democrat leaders and the White House to complete a highly contested 304-mile gas pipeline in West Virginia.
Manchin has been chatting with Sinema, trying to get her to concede to the deal as well.
“We had a nice time. We had a nice time. Next?” he told reporters.
Sinema, though, has made no commitment either way, telling a CNN reporter she is “taking my time.”
“Taking my time,” Kyrsten Sinema says when asked about the reconciliation bill that Dem leaders want to pass by this weekend, per @morgan_rimmer. She has not commented on the bill since it was released, and her office says she’s waiting for the parliamentary ruling
— Manu Raju (@mkraju) August 3, 2022
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Will Kyrsten Sinema Commit to Democrat ‘Inflation Reduction’ Bill?
At the very least, Kyrsten Sinema (D-AZ) appears to be following Manchin’s lead by recognizing that if she is to go along with the Democrat ‘Inflation Reduction Bill’ there are things she can get in return for her commitment.
Politico reports that Sinema is seeking $5 billion in drought resilience funding to be added to the legislation, something that is important for the state of Arizona.
She also “wants to nix language narrowing the so-called carried interest loophole, which would change the way some investment income is taxed,” according to the outlet.
Such a change would alter projected revenue calculations by $14 billion which, along with the climate ask, would total $19 billion in changes Sinema is seeking.
Ironically, Schumer (D-NY) has indicated the narrowing of the carried interest was done at Manchin’s request. Does Sinema get her proposals? And if so, will that cause Manchin to rethink his commitment?
Sen. Kyrsten Sinema raises concerns about a proposed tax increase for wealthy hedge fund/private equity managers in the Democrats’ economic bill. Will she sink the deal? @mkraju reports pic.twitter.com/NWLkbrJ6dq
— The Lead CNN (@TheLeadCNN) August 4, 2022
An Inflation Scam
You notice, of course, what is going on here, right?
Despite being hailed by the right as saviors of the Republic for refusing at times to bend to the whim of their Democrat colleagues, Manchin and Sinema are less concerned with how the tax hike and climate change bill will affect the American people and more concerned with pet projects in their own state.
A pipeline here, drought funds there.
The Schumer-Manchin bill raises taxes and sends billions of taxpayer dollars to green energy slush funds.
And Democrats are actually trying to call it the ‘Inflation Reduction Act’ with a straight face.
— Rep. Mike Johnson (@RepMikeJohnson) August 3, 2022
Then there is reality. If we lived in a nation where the media weren’t corrupt shills for the Democrats, mainstream outlets would be doing fact-checks on the name of the bill alone.
The ‘Inflation Reduction Act’ is little more than a scam to convince the American people it will do as its moniker indicates. Hint – It won’t.
According to the Tax Foundationthe tax hike bill would have “likely close to zero” impact on inflation and may actually “worsen” it.
“By reducing long-run economic growth, this bill may actually worsen inflation by constraining the productive capacity of the economy,” they revealed in their own analysis released earlier this week.
.@TaxFoundation estimates Democrats’ reconciliation bill would:
🟥reduce economic output
🟥eliminate 30k jobs
🟥reduce after-tax income across every bracket
“this bill may actually worsen inflation by constraining the productive capacity of the economy”https://t.co/6TvPDEokGb
— America Rising (@AmericaRising) August 2, 2022
And lest anyone is duped by denials coming from the White House, recall how the President has repeatedly insisted there is “zero evidence” that his $1.9 trillion COVID relief package had any effect on inflation in the first place.
Left-leaning Politifact notes that while it may not have caused inflation, “the general consensus is that it (COVID relief package) was a contributor” and that “some economists estimate that it added two percentage points to the rate” while others “say it added up to four percentage points.”
Tax and spend Democrats made inflation what it is today. Continuing the trend will only make it worse.
VOX: Biden’s American Rescue Plan worsened inflation. The question is how much.https://t.co/8H70oTIs0N
— RNC Research (@RNCResearch) June 17, 2022
Other key issues with the Democrat bill currently being considered by Senator Sinema according to the Tax Foundation report:
- Reduce economic growth.
- Destroy 30,000 jobs.
- Decrease “average after-tax income for taxpayers” at every income level.
- Increase the deficit by $75 billion if made permanent.
But hey, what’s all that noise when Arizona can get a climate slush fund and West Virginia can get themselves a pipeline?
America is in the midst of a recession and Democrats want to raise taxes and lower growth all while potentially making record inflation worse. Perhaps Sinema should be taking her time and analyzing those facts instead.
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