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What the Senate Just Did is DANGEROUS
The U.S Senate just passed the radical Left’s wish list, the so-called Inflation Reduction Act. Now it goes to the U.S. House of Representatives. Ironically there are reports from experts predicting this act will have little to no impact on reducing inflation, and in fact, it could make inflation worse.
What this act is really about is more government, more spending, doubling the IRS to hire more agents to conduct even more audits. We recently told you how the Biden IRS is eyeing 1.7 MILLION additional audits if this act is passed into law.
Now it goes to the House, where we had thought it might be facing some pushback by some of the farthest-Left members like the so-called Squad – which of course includes Rep. Ilhan Omar, Rep. Rashida Tlaib, and their Socialist ringleader Rep. Alexandria Ocasio-Cortez – but given that it includes some of their Green New Deal rhetoric, they’ll likely vote in favor as well. In fact it’s the biggest spending climate bill we’ve ever seen. Maybe that’s why even the loudest of the “tax the rich” progressives are willing to overlook private equity investors getting a pass on a tax increase.
We have our own economic team looking carefully at the bill, but the reality is, this is probably going to pass all the way around. Which means an IRS on steroids, with tens of thousands of new agents, and many more audits of working Americans.
Today’s full Sekulow broadcast includes further discussion about the Inflation Reduction Act and even more conversation with ACLJ Senior Counsel for Global Affairs Mike Pompeo.
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