Since America is in a tailspin and plunging into a deep recession by the day, Democrats have come up with the brilliant idea to tax citizens more, in order to pay for all their out-of-control spending.
The increase in tax will be put on earners who make over $400,000 annually, to extend the solvency of Medicare, this coming after President Joe Biden’s “Build Back Better” plan fell flat, according to Democrat aides who spilled the beans to the Associated Press.
According to the aides, Senate Democrats are expected to submit legislative language on the Medicare plan to the Senate’s parliamentarian within the next week, and the Democrats are hoping to recruit one of the few rogue Democrats in the Senate – West Virginia’s Joe Manchin, who nixed last year’s proposed bill.
The Democrats are determined to pull in an estimated $203 billion over the next decade by taxing individuals earning over $400,000 and couples who earn over $500,000 an extra 3.8 percent tax, which are called pass throughs and can currently be circumvented by loopholes.
Senate Majority Leader Chuck Schumer (D-NY) is working alongside Manchin on a compromise, aimed at lowering prescription medications and includes provisions that require Medicare to negotiate drug prices, increasing government subsidies and limiting out of pocket costs for patients.
What is amazing, however, is every election cycle, the Democrats roll out the tired old “free healthcare” bit, and people fall for it every time. Let’s not forget that former President Barack Obama and his “healthcare plan” Obamacare, was an expensive disaster, on both ends for taxpayers – their money was sunk into it, while costs steadily rose for households. Meanwhile roads and other important infrastructure was ignored.
Both House and Senate Democrats are nervously preparing for the upcoming November Midterm elections, running in favor of the Republicans taking both. Obviously, the Democrats are unable to run the country, since it has taken less than two years to send America into one of the worst recessions since The Great Depression.
Senate Minority Leader Mitch McConnell of Kentucky, noted that the Democrats are only going to achieve higher inflation and higher costs for Americans, making it “considerably worse.”
“From an economic point of view, I can’t think of anything they haven’t screwed up,” McConnell said.
And McConnell is right. The Democrats have a habit of bad spending and pouring money into pet projects that yield no real positive results for the economy – like Biden’s brilliant idea of handing out drug paraphernalia to crack addicts.
Schumer and Manchin continue to bargain and have been doing so for weeks now and they are relying on a supposed $1 trillion in revenue and other “savings.” Completely ignoring the fact that America is currently trillions in debt and the value of the dollar is sliding lower by the day and the petrodollar could be replaced very soon.
Also, Democrats plan on recruiting more IRS agents, so they have a better chance of capturing all that taxpayer money that they can then waste on paying for gender reassignment surgeries to gender-confused soldiers in the armed forces.
