BKP talks about Biden's Big Week, breaking down IRA and what it real says for us

Biden’s big week. Senate passes landmark $750 billion inflation reduction act. Why do we keep printing this money? Your property taxes are saying HI. It is not a tyranny. You can own the property, we will send you a list of things you can do on the property, you can stay on the property if you do what we tell you and you pay your taxes.

Just when you thought Kamala Harris was useless here she is in action, as the tiebreaker in the Inflation Reduction Act. A first hand look at the destruction of our republic. All she had to do was read the script and get out of there.

They are doing something. And voters in November will talk about how the democrats are doing something and making an effort. The media is helping push the narrative with news and commercials. Senate passes sweeping climate, health and tax package and putting democrats on cups of historic win. As healthcare is blocked by republicans.

This is the green new deal and republicans can stop it. When legislation passes we have to have the republicans in the house to stop the press from printing all this money.

This is legislation that every household will feel. We have played the commercials that MSNBC and CNN are running.

Expands credits for manufacture and purchase of electric vehicles. The house of representatives is the purse strings and we want them to stop that.

Consumer rebates on the purchase of energy efficient appliances.

$4 billion to fight drought in western states.

$60 billion to help vulnerable communities disproportionately affected by climate change.

Most appliances are built outside of this country. Very few are made in America today. The point is they will be startled with making fuel and energy efficient appliances. Now it will be 650 to bould that energy efficient machine and the government will give a 300 credit. Their company will get the 650 and the government pays the 300. So you will pay 350 now and 300 later in taxes. Now these companies will be paying a 15% tax, which will be passed to the consumer.
General motors, ford, toyota is getting an enormous amount of money to retool their plant for electric vehicles. And watch and see how many manufactures are getting the money that are not in this country but in North America. The government will tell you that you will get the rebate and you get the car for 30K and 10K rebate. You will pay that rebate amount in taxes.

Lowers aca premiums and extends subsidies through 2024, this will continue
Caps out of pocket RX drugs under medicare at $2000 a year. But if the bill doesn’t do anything to the insurance companies to stop shifting the burden to the private sector. You might as well help grandma and grandpa yourself. Anytime Seniors get any kind of break they shift the burden to the rest of the population. It will raise taxes.

Imposes a 15% corporate minimum tax on companies making at least $1billion. They will shift that 15% burden to you, the American people. They will not take the 15% hit. They are just shifting it to the consumer. The middle class, the lower rung of society.

Funds increased IRS enforcement.

Inflation Reduction Act, it does not reduce inflation, lower costs, and it will not change anything in the environment.

Biden’s wins: American Recovery Act = 1.9T, Infrastructure Investment and Jobs Act= $550B, CHIPs and Science Act = $700B, Inflation Reduction Act = $700B. Biden has dems more hopeful ahead of midterms. Hopefully we can get the republicans in there to stop all the money that will be printing. When you take over everything will not be printed. Do not fund it. We can stop this madness, if you contact your Representatives.

We can't even get started on this. We can not have 5 car charges in your garage. You know that argument you have in your home on your phone charges and you have 19 plugged in around the house and you quietly unplug someone elses to plug in yours. We can’t even begin to talk about the chaos. Nobody is accepting that this will work. They have just put a name on it, to get Biden's polling numbers up to hopefully save the senate. It will not be Joe Biden on the ticket in 2024.
Does it allow some or not all of negotiating drug prices.

There is deficit spending and there is debt. We need to audit the fed. No one knows the number. We are 30 T in debt. Say the government brings in 1T and spends 2T, that is 1T in debt. Record tax revenue is coming into your county, state, and federal government. They are bringing in record tax revenue and we can’t bring down the debt. All they can do is minimize deficit spending. If the government brings in 1T and spends 1.7B, you have .7B in debt but you have reduced the deficit spending by 300B.