Episode # One Billion

[PoliticalChic]

....one more example of "Democrats Lie About Everything"


On his radio show, Dick Morris revealed why Democrat Joe Manchin suddenly reversed course on spending: the new bill includes $1billion for his wife's pet corporation.

"Manchin Hides the Truth About Raising Your Taxes​

Most Americans will pay a lot more, regardless of whether Dems specifically raise your tax rates.

The Inflation Reduction Expansion Act introduced last week after a blockbuster compromise between Senate Majority Spendthrift Chuck Schumer and Faux Fiscal Hawk Joe Manchin ...

Taking deserved heat for a massive tax-and-spend bill that will hit every American hard, Manchin was forced to play defense all weekend. He said, “I don’t think that during a time of recession you mess with any of the taxes or increase any taxes.” Oops — that was years ago. Now that the nation is actually in Biden’s recession, Manchin seems to think it’s a great time to raise taxes on millions of Americans while denying he’s doing just that.

Among the things he said during his visit to all five major Sunday political talk shows, Manchin proclaimed that the bill isn’t Democrat or Republican. “It’s definitely not a green bill,” he insisted. “This is a red, white, and blue bill, and it’s great for America.” Elsewhere, he deflected, “We’re not spending money, we’re investing.”

“We did not raise taxes,” Manchin said on another show. “We’ve closed loopholes. That’s all we did.”
Yeah, about that…
Sure, the Leftmedia Praetorian Guard known as the “fact-checkers” will rate Manchin’s statement true. Outside of setting a minimum corporate tax rate, the bill does not raise tax rates. But it will generate more tax revenue for the federal government, which means someone will be paying more in taxes.
That someone will be nearly everyone.


The Wall Street Journal reports, “According to Senate Democrats, the package would raise roughly $739 billion, with much of the revenue coming from the 15% corporate minimum tax and enhanced tax-enforcement efforts at the Internal Revenue Service.”
Any reputable economist understands that raising taxes on corporations raises prices for (middle class) consumers, reduces wages for (middle class) workers, and reduces dividends for (middle class) shareholders. Democrats love to pretend they’re just going to take some extra coins from Uncle Scrooge’s money bin after it was filled by exorbitant profits from higher prices. There’s certainly some price gouging, but the truth is that we’ll all be gouged for that $739 billion during a recession and while the headline inflation rate is already 9.1%.

The nonpartisan Joint Committee on Taxation issued a devastating report explaining how: “In 2023, taxes will increase by $16.7 billion on American taxpayers earning less than $200,000 — a nearly $17 billion tax targeted solidly at low- and middle-income earners next year, amidst stagflation. … The proposal would raise another $14.1 billion from taxpayers earning between $200,000 and $500,000.”
Moreover, the JCT says: “Throughout the ten-year window, the average [effective] tax rate for nearly every single income category would increase. By 2031, when the new green energy credits and subsidies provide an even greater benefit to those at higher incomes, those earning below $400,000 are projected to bear as much as two-thirds of the burden of the additional tax revenue collected that year.”


Remember when Joe Biden (and every other Democrat) kept promising not to raise taxes on anyone earning less than $400,000? Biden promises that about this very bill: “We will pay for all of this by requiring big corporations to pay their fair share of taxes, with no tax increases at all for families making under $400,000 a year.”
We rate his claim technically true but, back here in reality, egregiously and offensively false."

Manchin Hides the Truth About Raising Your Taxes

Most Americans will pay a lot more, regardless of whether Dems specifically raise your tax rates.

patriotpost.us

 

[PoliticalChic]

 

[PoliticalChic]

How did the Democrats get Manchin to fall in line???

They gave him a billion reasons to.


As reported on Dick Morris's WABC show, the bill contains a $1 billlion gift to the Appalachian Commission.......run by Manchin's wife.

Federal Co-Chair Gayle Conelly Manchin​

https://www.arc.gov › Staff Profiles
Gayle Conelly Manchin was sworn in as the Appalachian Regional Commission's thirteenth federal co-chair on May 6, 2021, becoming the first ARC federal ...

The other Manchin in Washington: Gayle ... - CBS News​

https://www.cbsnews.com › news › gayle-manchin-app...
Jun 30, 2022 — Now, four years later in her new role in the federal government, Manchin, the commission's federal co-chair, works closely with Appalachia's ...



Democrats don't work to benefit the American people......I guess inflation isn't high enough.



Trump was the People's President.

 

[PoliticalChic]

For those political science nerds, pay attention to one more example of Rule #1
Every argument from Democrats and Liberals is a misrepresentation, a fabrication, or a bald-faced lie.

The Democrat's "The Inflation Reduction Act"​

 

[PoliticalChic]

"Democrats: Destroying our economy, one sector at a time​

The Biden administration and its co-conspirators, congressional Democrats, have been busy wrecking America these last 18 months.

They launched a war on American energy, shutting down the Keystone pipeline and blocking domestic oil and gas exploration — resulting in skyrocketing gas prices, less fuel to heat and cool homes and businesses, and the sorry spectacle of an American president going gas-can-in-hand to beg foreign despots and dictators to supply us with some energy.

And they launched a war on our Constitution, using executive orders to expand a regulatory state that threatens to suffocate individual autonomy and business innovation. Their legislation-through-regulation schemes are an end run around the people’s representatives — and therefore, around the people.


Then there is their reckless spending, triggering the highest inflation we’ve seen since the 1970s and lowering living standards for all Americans, hitting hardest those least able to afford it.

And now, to distract us from the wreckage and in a last-ditch effort to save their jobs in 2022, Democrats want to do what they do best: spend more taxpayer money. To pay for a portion of this spending, they would command drug companies to “negotiate” with Medicare on prices for certain brand-name drugs. “Negotiation” is a misnomer, however; if drug companies don’t agree with the government’s price, they would lose most of the revenue from those drugs’ sales. Congressional Democrats and their allies in the White House are determined to wreck our best-in-the-world health care system in much the same fashion as they’ve wrecked American energy, national security, education and constitutional governance."

Democrats: Destroying our economy, one sector at a time

The Biden administration and its co-conspirators, congressional Democrats, have been busy wrecking America these last 18 months. They launched a war on American energy, shutting down the Keys…

thehill.com

Remind me.......who'd you vote for??????

 

[citygator]

This bill saves money. It saves prescription expenses. It stops tax cheats. Then it invests that money on energy independence so we are not beholding to OPEC - both with traditional energy and sustainable energy. Only a partisan hack would be against this bill.

 

[initforme]

You are not going to find support for the working poor here even though they are the ones who do the actual work for the wealthy.

 

[PoliticalChic]

This bill saves money. It saves prescription expenses. It stops tax cheats. Then it invests that money on energy independence so we are not beholding to OPEC - both with traditional energy and sustainable energy. Only a partisan hack would be against this bill.

It's always a puzzlement whether your sort are really this stupid, or you are simply addicted to the taste of Democrt shoe polish.

OPEC?????????????????????
You imbecile.....Trump made us energy independent.

 

[PoliticalChic]

You are not going to find support for the working poor here even though they are the ones who do the actual work for the wealthy.

The only thing you are 'poor' about is IQ.


BTW......

"... the earned income tax credit (the pride of Ronald Reagan), which has become the biggest and most effective antipoverty program by giving working families thousands of dollars a year in tax refunds."
Opinion | The New Resentment of the Poor (Published 2011)

1. The EITC has a sterling Republican heritage. It was first instituted in the 1920s by a Republican Congress at the instigation of Treasury Secretary Andrew Mellon. Repealed in 1943, Republican President Gerald Ford revived it in 1975.
   1. EITC supporters argued that because the credit would be available only to those with earned income, it would reinforce work incentives and help get people off welfare. By making the credit refundable, it would offset the disincentive effects of higher payroll tax rates, which had risen from 4.8 percent on workers and employers in 1970 to 5.85 percent in 1975.
2. In the 1980s, Ronald Reagan supported a big increase in the EITC rate from 10 percent to 14 percent. In 1990, George H.W. Bush supported a further increase.
3. Despite the exploding cost of the EITC, Republicans in Congress created another tax credit in the 1997 tax bill. The child credit was intended to make it easier for mothers to stay at home and raise their children, rather than work outside the home. Republicans and the Earned Income Tax Credit

“…the earned income tax credit ("EITC") that was enacted by Gerald Ford and then re-enacted and expanded in 1986 by... could it be, don't tell me, say it ain't so!... Ronald Reagan.” Reagan the Redistributor: Check Out the Earned Income Tax Credit

“…a child care tax deduction included in the immense Internal Revenue Code of 1954…” http://wfnetwork.bc.edu/encyclopedia_entry.php?id=17275&area=All

The origins of the EITC, which has done so much to reduce income tax liabilities for lower-income people, can be found in Ronald Reagans famous testimony before the Senate Finance Committee in 1972, where he proposed exempting the working poor from all Social Security and income taxes as an alternative to welfare. It was that testimony that led Congress to adopt the credit in 1975. As President, Reagan cut federal income tax rates across the board for all taxpayers by 25%. He also indexed the tax brackets for all taxpayers to prevent inflation from pushing workers into higher tax brackets. In the Tax Reform Act of 1986, President Reagan reduced the federal income tax rate for ”folks who make less” all the way down to 15%. That act also doubled the personal exemption, shielding more income from taxation for everybody, but a higher percentage of income of lower-income workers.

Gingrich’s Contract with America adopted a child tax credit of $500 per child that reduced tax liabilities of lower-income people by a higher percentage than for higher income people. And Bush doubled that credit to $1,000 per child, and made it refundable so that low-income people who do not even pay $1,000 in federal income tax still get full credit. And Bush adopted a lower tax bracket of 10%, a reduction of 33% (compared to the 11.6% drop for highest income workers.)

Thus, by 2007, the bottom 40% paid no income tax.

Ferrara, “ America’s Ticking Bankruptcy Bomb,” p. 220.






Recent Census data show that among working families, the EITC lifts substantially more children out of poverty than any other government program or category of programs. The EITC is particularly important in reducing poverty among children in the South, where working families tend to have lower wages and consequently are more likely to qualify for the EITC. In addition, a just-released study by Columbia University's National Center for Children in Poverty found that the EITC reduces poverty among young children by nearly one fourth. http://www.cbpp.org/cms/index.cfm?fa=view&id=1649





"In truth, Republicans invented the first refundable tax credit, the Earned Income Tax Credit (EITC), back in the 1970s. And it was Republicans who invented the child credit in the 1990s. As a result of the EITC, the child credit and other tax cuts, the percentage of those with no income tax liability has risen to 30 percent of all tax filers, according to the Tax Foundation.



The combination of EITC and the child credit offsets 100 percent of the income tax liability for almost all families with incomes below $30,000.

And because of refundability, 100 percent of the payroll tax is also offset for those with incomes below $20,000.

Those with earnings below $10,000 pay no income taxes and get a check from the government for 2.6 times their payroll tax liability."

http://www.ncpa.org/sub/dpd/index.php?Article_ID=5025

 

[Whodatsaywhodat.]

Step up dummies . PoliticalChic will put you in your place .

 

[citygator]

It's always a puzzlement whether your sort are really this stupid, or you are simply addicted to the taste of Democrt shoe polish.

OPEC?????????????????????
You imbecile.....Trump made us energy independent.


View attachment 677327

You dummy. We imported more than 8M barrels of oil every day under Trump. You’re not very smart.

Oil imports and exports - U.S. Energy Information Administration (EIA)

U.S. crude oil imports sources including OPEC and Persian Gulf, and top five source countries of U.S. oil imports and destinations of U.S. crude oil exports.

www.eia.gov

 

[initforme]

The earned income tax credit was a great concept as was social security and Medicare. They help make the nation great.

 

[PoliticalChic]

You dummy. We imported more than 8M barrels of oil every day under Trump. You’re not very smart.

Oil imports and exports - U.S. Energy Information Administration (EIA)

U.S. crude oil imports sources including OPEC and Persian Gulf, and top five source countries of U.S. oil imports and destinations of U.S. crude oil exports.

www.eia.gov

Jot this down:

Anyone with two or more cerebral neurons to rub together can surmise from the fifty or so lies and hoaxes that have been exposed, as in "Russia Collusion," realizes that none of the mainstream media can be trusted.

The simplest way to ascertain the truth of any story, event, explanation is this:

a. if it redounds to the benefit of the Democrats, consider it false.

b. do your own research to conclude whether that first calculation is correct (it will be).


"Biden orders reversal of Trump’s ‘energy independence’ policies

On January 27, President Biden issued executive orders which did just the opposite. He revoked the federal permit for the continued construction of the Keystone XL Pipeline, which will cost 11,000 jobs (8,000 are union jobs), and he temporarily stopped granting permits for oil and gas operations on federal lands, which will reduce U.S. oil production and was immediately challenged with a lawsuit.



For the oil and gas industry, Biden’s orders specifically mentions methane emission regulations to establish comprehensive standards of performance and emission guidelines from existing oil and gas operations by September 2021.



Additionally, the order requires Texas to submit State Implementation Plan for Ozone National Ambient Air Quality Standards (NAAQS) by January 2022.



The governments of Canada and Alberta wanted the pipeline completed because it would transport some 830,000 barrels of oil sands every day to consumers in the U.S. Proponents argued that the pipeline would transport a much needed resource from a North American neighbor instead of importing oil by tanker from far away countries.



However, Biden stated in his order the “pipeline would not serve the U.S. national interest.”



Supporters of allowing the development of petroleum resources on federal lands pointed out the change will be costly, and it was challenged immediately with the filing of a lawsuit in the U.S. District Court in Wyoming.



“Restricting development on federal lands and waters is nothing more than an ‘import more oil’ policy,” Mike Sommers, president of the American Petroleum Institute, said.



“With this move, the administration is leading us toward more reliance on foreign energy from countries with lower environmental standards and risks to hundreds of thousands of jobs and billions in government revenue for education and conservation programs.”



Sommers said a permanent federal leasing ban would result in U.S. oil imports rising 2 million barrels per day by 2030, and U.S. gross domestic product declining $700 billion during the same span.



Texas would lose 120,000 jobs, and about 1 million jobs could be lost by 2022 nationwide.



The federal government could lose an estimated $9 billion in taxes, lease bonuses, and royalties.



With dwindling supplies, many forecast rising petroleum prices and U.S. household could spend a cumulative $19 billion more on energy by 2030, the API study stated.





Biden’s executive orders will reduce U.S. oil supplies that reached historic levels of 13 million barrels per day just one year ago.



The increase in production allowed the U.S. to become a net exporter of oil and natural gas. It was labeled by some as an “energy renaissance” and others called it “energy independence.”

Biden orders reversal of Trump’s ‘energy independence’ policies

Joe Biden revoked the federal permit for the continued construction of the Keystone XL Pipeline.

www.timesrecordnews.com

Never believe anything your Democrat sources tell you.



Never.

 

[PoliticalChic]

The earned income tax credit was a great concept as was social security and Medicare. They help make the nation great.

Oh NO!!!

Does this mean you're not leavin'???????????




What have I done!!!!!!!!!!!!!!!!!

 

[initforme]

Nope. I've been collecting social security for 29 years and have used Medicare often. Two great american ideals.

 

[citygator]

Jot this down:

Anyone with two or more cerebral neurons to rub together can surmise from the fifty or so lies and hoaxes that have been exposed, as in "Russia Collusion," realizes that none of the mainstream media can be trusted.

The simplest way to ascertain the truth of any story, event, explanation is this:

a. if it redounds to the benefit of the Democrats, consider it false.

b. do your own research to conclude whether that first calculation is correct (it will be).


"Biden orders reversal of Trump’s ‘energy independence’ policies

On January 27, President Biden issued executive orders which did just the opposite. He revoked the federal permit for the continued construction of the Keystone XL Pipeline, which will cost 11,000 jobs (8,000 are union jobs), and he temporarily stopped granting permits for oil and gas operations on federal lands, which will reduce U.S. oil production and was immediately challenged with a lawsuit.



For the oil and gas industry, Biden’s orders specifically mentions methane emission regulations to establish comprehensive standards of performance and emission guidelines from existing oil and gas operations by September 2021.



Additionally, the order requires Texas to submit State Implementation Plan for Ozone National Ambient Air Quality Standards (NAAQS) by January 2022.



The governments of Canada and Alberta wanted the pipeline completed because it would transport some 830,000 barrels of oil sands every day to consumers in the U.S. Proponents argued that the pipeline would transport a much needed resource from a North American neighbor instead of importing oil by tanker from far away countries.



However, Biden stated in his order the “pipeline would not serve the U.S. national interest.”



Supporters of allowing the development of petroleum resources on federal lands pointed out the change will be costly, and it was challenged immediately with the filing of a lawsuit in the U.S. District Court in Wyoming.



“Restricting development on federal lands and waters is nothing more than an ‘import more oil’ policy,” Mike Sommers, president of the American Petroleum Institute, said.



“With this move, the administration is leading us toward more reliance on foreign energy from countries with lower environmental standards and risks to hundreds of thousands of jobs and billions in government revenue for education and conservation programs.”



Sommers said a permanent federal leasing ban would result in U.S. oil imports rising 2 million barrels per day by 2030, and U.S. gross domestic product declining $700 billion during the same span.



Texas would lose 120,000 jobs, and about 1 million jobs could be lost by 2022 nationwide.



The federal government could lose an estimated $9 billion in taxes, lease bonuses, and royalties.



With dwindling supplies, many forecast rising petroleum prices and U.S. household could spend a cumulative $19 billion more on energy by 2030, the API study stated.





Biden’s executive orders will reduce U.S. oil supplies that reached historic levels of 13 million barrels per day just one year ago.



The increase in production allowed the U.S. to become a net exporter of oil and natural gas. It was labeled by some as an “energy renaissance” and others called it “energy independence.”

Biden orders reversal of Trump’s ‘energy independence’ policies

Joe Biden revoked the federal permit for the continued construction of the Keystone XL Pipeline.

www.timesrecordnews.com

Never believe anything your Democrat sources tell you.



Never.

Nothing you posted dispelled the fact we import over 8M barrels every day.

Most of the oil produced in the U.S. fields in Texas, Oklahoma, and elsewhere is light and sweet, compared to what comes from the Middle East and Russia. The problem is that for many years, imported oil met most of the U.S.’s energy needs, so a large percentage of the refining capacity here is geared towards dealing with oil that is heavier and less sweet than the kind produced here.

Therefore we are not producing the oil we need and are not independent and need to import oil that we can refine.

https://www.nasdaq.com/articles/america-produces-enough-oil-to-meet-its-needs-so-why-do-we-import-crude?amp

 

[PoliticalChic]

Nope. I've been collecting social security for 29 years and have used Medicare often. Two great american ideals.

Yet you wrote this:

now I have not a patriotic bone in my body

Now....On To The Future!

“It's tough to make predictions, especially about the future.” Yogi Berra Yet one can make a calculated conclusion by judging the past. 1. First....the context. "Near the end of the third and final presidential debate, moderator Chris Wallace asked Donald Trump for clarification on one...

www.usmessageboard.com

. Of course I will admit I don't have a patriotic bone in my body eventhough i was born in america

The pledge





You're quite the ingrate, aren't you.

 

[PoliticalChic]

Nothing you posted dispelled the fact we import over 8M barrels every day.

Most of the oil produced in the U.S. fields in Texas, Oklahoma, and elsewhere is light and sweet, compared to what comes from the Middle East and Russia. The problem is that for many years, imported oil met most of the U.S.’s energy needs, so a large percentage of the refining capacity here is geared towards dealing with oil that is heavier and less sweet than the kind produced here.

Therefore we are not producing the oil we need and are not independent and need to import oil that we can refine.

https://www.nasdaq.com/articles/america-produces-enough-oil-to-meet-its-needs-so-why-do-we-import-crude?amp

Never believe anything that benefits the Democrats.
They lie about everything.
I've posted 50 lies and hoaxes that have been exposed......and you swallowed every single one of them.

I won't say you're stupid....how about we just say you're unlucky at comprehension.



“Joseph Goebbels, on a spit in Hell, looks on at the Democrat information dominance in awe, wishing he could have come close to that level of control.”
Chris Plante

 

[citygator]

Never believe anything that benefits the Democrats.
They lie about everything.
I've posted 50 lies and hoaxes that have been exposed......and you swallowed every single one of them.

I won't say you're stupid....how about we just say you're unlucky at comprehension.



“Joseph Goebbels, on a spit in Hell, looks on at the Democrat information dominance in awe, wishing he could have come close to that level of control.”
Chris Plante

Like I thought. Runs away from claim that Trump had us energy independent. We are in the same spot with Biden and Trump except OPEC is outputting less in the world meaning prices are up.

 

[initforme]

Yet you wrote this:

now I have not a patriotic bone in my body

Now....On To The Future!

“It's tough to make predictions, especially about the future.” Yogi Berra Yet one can make a calculated conclusion by judging the past. 1. First....the context. "Near the end of the third and final presidential debate, moderator Chris Wallace asked Donald Trump for clarification on one...

www.usmessageboard.com

. Of course I will admit I don't have a patriotic bone in my body eventhough i was born in america

The pledge





You're quite the ingrate, aren't you.