A reporter on Tuesday asked White House Press Secretary Karine Jean-Pierre if Biden is confident that companies will not pass the cost of a higher corporate tax onto the consumer.
The Democrat Party’s answer to record inflation — MORE spending!
Senator Joe Manchin surprised Washington DC elites and the mainstream chattering class when he announced his support for Joe Biden’s green new deal funded by nearly $800 billion in new tax hikes.
The Green New Deal will crush the coal and energy sector in his home state of West Virginia. But it will make the windmill manufacturers in China rich.
Manchin struck a deal with Schumer to pass the “Inflation Reduction Act of 2022” through reconciliation (no Republicans needed to pass the bill).
The tax-and-spend spree will close tax loopholes for corporations and the companies will ultimately pass the cost down to the consumer.
Even CNN is reporting that this bill will raise taxes on Americans.
“The Joint Committee on Taxation looked at this proposal… and it does say that it would raise taxes on people” making less than $400,000 a year. – CNN’s John King said.
“How confident is the president that the companies will not pass that cost on to people in the form of higher prices?” a reporter asked KJP.
“I cannot speak to that,” Karine Jean Pierre said.
What a joke.
REPORTER: “How confident is the president that the companies will not pass that cost [in the Bidenflation Scam] on to people in the form of higher prices?”
KARINE JEAN-PIERRE: “I cannot speak to that” pic.twitter.com/6IQkPQAWGr
— RNC Research (@RNCResearch) August 2, 2022