Tuesday's Absurdity: Oh, Hey, That "BBB" Bill Isn't Gonna "Cost Nothing" After All

CBO About to Confirm What We Already Knew

Our national Sock Puppet in the White House, along with Jen Psaki and all of his other evil minions have spent the last 2 months laughably claiming that his “Build Back Better” fake budget reconciliation bill will “cost nothing.” The absurd narrative - parroted by all the CIA and FBI plants who infest the national news media -is that “ordinary Americans” (don’t you hate being referred to as “ordinary” by these scumbags?) should not worry about the multi-trillion dollar price tag of this legislative atrocity because, hey, it’s fully paid for through taxes on those evil corporations and evil rich people and stuff, or something.

Of course it’s ridiculous and untrue and always has been. But the Sock Puppet and Democrats in congress have plowed ahead with the bill anyway, lying to the public every step of the way and praying that the bureaucrats at the Congressional Budget Office would go along with charade in their scoring process.

Oops. Yesterday we found out that the bureaucrats at CBO are probably not going to play ball on this particular Big Lie, and are about to issue a big negative score on the bill. Like, a $300 billion negative score. It seems that the Sock Puppet’s evil plan to double the IRS budget so that agency can monitor your bank accounts for any transaction over $600 and audit half of you into bankruptcy won’t raise the $400 billion over 10 years the administration had claimed. CBO apparently thinks it would only nab $120 bill from tax cheats, not remotely close to enough to make the bill “paid for” by its definition.

As a result, as the New York Times reported Monday, the Administration hacks are going into overdrive trying to bully so-called “moderate” Democrat members of congress to support the bill anyway, despite their promises to constituents that they would not vote for a bill that is not “paid for.”

Here’s an excerpt from the Times article:

President Biden’s pledge to fully pay for his $1.85 trillion social policy and climate spending package depends in large part on having a beefed-up Internal Revenue Service crack down on tax evaders, which the White House says will raise hundreds of billions of dollars in revenue.

But the director of the nonpartisan Congressional Budget Office said on Monday that the I.R.S. proposal would yield far less than what the White House was counting on to help pay for its bill — about $120 billion over a decade versus the $400 billion that the administration is counting on.

A formal tally is expected to be released on Friday, but the projection by Phillip Swagel, who heads the budget office, could pose another setback for Mr. Biden’s domestic policy legislation, which is already facing steep hurdles in the House and Senate.

The White House has begun bracing lawmakers for a disappointing estimate from the budget office, which is likely to find that the cost of the overall package will not be fully paid for with new tax revenue over the coming decade. Senior administration officials are urging lawmakers to disregard the budget office assessment, saying it is being overly conservative in its calculations, failing to properly credit the return on investment of additional I.R.S. resources and overlooking the deterrent effects that a more aggressive tax collection agency would have on tax cheats.

[End]

Look, here’s the thing on this for House Dems: They might as well vote for the atrocity, because Joe Manchin and Kyrsten Sinema are going to murder the bill over in the Senate anyway. Manchin is not going to approve of a variety of energy-related provisions in the bill, and Sinema is completely opposed to the increase in corporate income taxes and other things as well. They are dead set “no” votes on the House version, period.

By the way, those higher corporate taxes? They would all be passed onto “ordinary Americans” in the form of higher prices for the goods the corporations make and service they provide. That is an immutable law of basic economics, and no, the Dems and their Sock Puppet cannot repeal that law.

Same with a new “fee”, i.e. tax on methane the bill contains. That tax would be assessed at multiple points along the natural gas supply chain before the gas gets to market to heat your home and generate your electricity. Natural gas - whose principle component is methane - also serves as a feedstock for fertilizers, plastics and all manner of other goods.

Thus, a huge tax on methane would only serve to exacerbate the already runaway inflation now hitting “ordinary Americans” in their pocketbooks. But that new tax is one of the principal “pay-fors” contained in this legislative atrocity.

The cost of this bill to “ordinary Americans” is not nothing: It’s enormous. It’s an economy killer. Pray that Sinema and Manchin kills it before it can kill our standard of living.

That is all.