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Biden Covering up Over 1 Trillion Dollars?


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Yes, you read that correctly, TRILLION with a ‘T’.

The US Chamber of Commerce has accused Democrats of covering up $1 Trillion in spending with the reconciliation bill.

Here’s Fox News with the full scoop:

The U.S. Chamber of Commerce accused the authors of the Democrat-backed reconciliation bill of using “gimmicks to cover up well over $1 trillion in spending,” and called on Congress to identify the bill’s actual “real-world impact.”

The business group published a letter it sent to politicians in D.C. on Wednesday demanding that they consider the cost of the legislation, its inflationary impact and how the policies will impact future workforce participation.

President Biden is expected to sign the $1.2 trillion infrastructure bill on Monday during a ceremony at the White House. The bill provides funding for physical infrastructure projects like roads, bridges, water pipes and broadband internet. Democrats are now zeroing in on the president’s even bigger $1.75 trillion package aimed at expanding health, child, elder care and climate change programs.

Real-world impact?

Yeah right!

So how is Biden going to cover up the extra trillion?

Here’s Fox News with the rest:

According to the chamber, the reconciliation bill has sunset provisions that “disguise the true cost of the bill.” These provisions essentially expire after a certain amount of time, but then could be extended. So the amount looks smaller than the actual total cost.

The New York Times reported that Sen. Joe Manchin, D-WVa., called these provisions “shell games” and the actual cost of the reconciliation bill could be double the amount being discussed.

Double! Seriously?

So this is the new Democrat playbook; create an overblown bill that just has to start with a Trillion.

Then, intentionally disguise the true cost of the bill.

Later, expire key policies and ask for more, in this case, more than double.

Remind me again who’s going to pay for all of this?

I guess this is why Pelosi is all for the new IRS reporting policy as reported by The Hill:

Speaker Nancy Pelosi (D-Calif.) on Tuesday defended a proposal to increase the amount of information financial institutions report to the IRS about bank accounts, indicating the proposal would be a part of Democrats’ social-spending package.

“Yes there are concerns that some people have, but if people are breaking the law and not paying their taxes, one way to track them is through the banking measure,” Pelosi said during a press conference.

The Biden administration has proposed requiring banks to report aggregate inflows and outflows of bank accounts in annual forms to the IRS, in instances where accounts have flows exceeding $600.

So if you’re a freelancer trying to make some extra money you will now be taxed for that to support hidden Democrat costs in Biden’s Trillion dollar bills.

Paypal transactions, Venmo, Zelle – all taxable if they exceed $600.

That’s just the tip of the iceberg, most American’s will likely pay more in taxes to support Democrat bills in congress.

President Trump should have also built a wall around the IRS!

So how does Twitter feel about where the money for these bills is coming from?

While most American’s are wondering how they’re going to pay for increased gas and grocery prices, Democrats are playing their usual games.

Here’s Bernie Sanders with a few choice words:

For a man so concerned about being a socialist, he fails to see that it’s actually the middle class who is going to pay.

Millionaires like YOURSELF Bernie don’t get it!

This Twitter user pointed out the obvious:

How much longer is this Democrat experiment going to go on until someone puts an end to it?

After the loss in Virginia, you would think they would come to their senses.

 

 



 

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