(TheConservativeNews.org) – Democrats passed a huge tax and spend bill in the middle of a recession. They’re celebrating, calling it as a “victory,” not caring what comes next. It is going to hurt Americans in so many ways, and all they care about is it furthers their goals and their control.
Sen. John Kennedy (R-LA), didn’t hold back, and said by passing the bill that they were a “special kind of stupid.”
Kennedy explained this was going to hit Louisianans and all Americans hard. He said that now “Joeflation” wouldn’t just refer to Joe Biden’s inflation but now you can add in Sen. Joe Manchin (D-WV) as well. Among the horrible things in the bill is a tax on oil and gas. Why in the heck would you do that when the price of gas is so high and Joe Biden is going — hat in hand — to the Saudis begging for oil? As Kennedy noted, “When you tax something, you get less of it.” Then the prices go up, even more, when the taxes are passed on to the consumers. But hey, you can just buy a $75,000 electric vehicle, right? That’s what Joe Manchin seems to think. “That’s not going to work in Louisiana. That’s not going to work across America,” Kennedy declared.
Kennedy pointed out how increased taxes were going to fall on everyone, according to the non-partisan Joint Committee on Taxation. The Tax Foundation found that it will cost thousands of jobs, reduce economic output, and it would also reduce average after-tax incomes for taxpayers across every income quintile over the long run.
Kennedy also detailed how Manchin raising taxes on businesses, especially manufacturers, is going to be passed on to all of us in “higher prices, lower wages, lower stock prices, and lower 401K balances.”
“It takes a special kind of stupid, in my judgment, to raise taxes during both a recession and inflation. That’s called stagflation,” Kennedy said. He said he didn’t think Manchin intentionally wanted to hurt people or have “more people living in a tent behind the Whataburger. But that’s going to be the result of this bill,” Kennedy finished. “This bill is tier-1 moronic.”
