The last thing that America needs right now is to spend any more taxpayer dollars than absolutely necessary.
Our country is likely headed toward a recession, even if members of the Biden administration refuse to admit it just yet. Economic experts have been sounds the alarm for months, all while the White House continues to sit on their hands.
Now, just as the Federal Reserve is being forced to take drastic action to avoid a complete monetary meltdown, Joe Biden just convinced a couple of fiscally conservative Democrats to jump on board with more reckless spending, the GOP is turning irate.
Republicans aren’t pleased with the prospect of a revived version of Build Back Better after Sen. Joe Manchin, D-W.Va. and Senate Majority Leader Chuck Schumer announced they came to an agreement on a reconciliation package.
While some details of the reconciliation package are unclear, Manchin said in a statement that the bill will contain a minimum 15% tax on companies worth more than $1 billion and will also have investments in energy, which include nuclear, renewables and fossil fuels.
Somehow, Manchin believed the bill would help curb inflation, but that opinion was not a very popular one.
Sen. Marsha Blackburn, R-Tenn., commented on the announcement, tweeting, “Build Back Broke.”
Senate Minority Leader Mitch McConnell in a tweet said the reconciliation package contains “giant tax hikes” that would “kill thousands of American jobs.”
“Democrats have already crushed American families with historic inflation. Now they want to pile on giant tax hikes that will hammer workers and kill many thousands of American jobs. First they killed your family’s budget. Now they want to kill your job too,” McConnell wrote.
Climate activists were gloating as well, thanks to a $370 billion investment for their cause.