Mobilus In Mobili via Wikimedia Commons

Senate Democrats notched a major legislative win over the weekend, passing a massive $740 billion spending bill with the assistance of the allegedly moderate Democrat senators Krysten Sinema and Joe Manchin.

As The Daily Caller reports:

The package, negotiated by Democratic Sens. Joe Manchin of West Virginia and Chuck Schumer of New York, passed along party lines, with Vice President Kamala Harris breaking the upper chamber’s 50-50 tie. The bill includes nearly $370 billion in green energy subsidies and tax credits, nearly $80 billion in funding for the Internal Revenue Service and a drug price setting mechanism for Medicare. It also establishes a 15% tax on corporations with market caps higher than $1 billion.

Although Democrats have repeatedly argued that the bill will reduce inflation, the University of Pennsylvania’s Penn Wharton Budget Model has “low confidence that the legislation will have any impact on inflation.” In addition, the bill will likely raise taxes for Americans in every bracket, despite President Joe Biden’s pledge to not raise taxes on anyone making less than $400,000 a year. The Inflation Reduction Act will pay down the federal deficit by more than $300 billion, the non-partisan Committee for a Responsible Federal Budget found.

Senators voted down 35 amendments and passed two, with the 48 Democrats and Independent Angus King of Maine agreeing that they would oppose all amendments offered during vote-a-rama to offer the legislation its best chance of passing. Independent Vermont Sen. Bernie Sanders objected to the agreement, offering amendments that would restructure the child tax credit, but his proposal failed 97-1.

“They’re great amendments. I’m very happy and I think it says something that every Democrat and Republican voted against them. It says I’m doing something right,” Sanders complained, according to Politico. “I’m fighting for you. I think that should be the message — not to come up with a convoluted reason you can’t vote for it.”

The House is expected to take up the bill after it returns from recess and is expected to pass it along a party line vote.




Comments

  1. If the GOP really cares then they should put teams of investigators following where EVERY single penny spent by the Democrats with this bill provided by the increased taxes of all people of this country. Simply expose them. If the GOP does this the DNC will lose every race for office…every one.

  2. Whoever wrote this article obviously doesn’t even know what socialism is ! There is nothing “socialist ” about this Democratic bill . It’s absolutely necessary to improve our economy .

  3. Congratulations Mr. Manchin! You have managed to kill the goose that laid the golden egg. You have exposed yourself as a massive hypocrite just like Schumer and Pelosi… Now the West Virginia voters have an excuse to vote you out.

  4. Why can’t the Americans get financial help? I have been unemployed for 2 years and no money coming in. American CITIZENS need help!

  5. This country is about to be destroyed, not because of socialism, but because of her many sins, three in particular are the refusal of God’s WORD, and having embraced every sexual sin known, and the slaughtering of approx. 70 million of the most innocent of all life in the womb of their mothers, and were there no other sin than abortion alone, this nation would still be destroyed…
    The Bible warns that the shedding of innocent blood will desecrate your land, and that there must be a cleansing of this innocent blood from of the land, and this cleansing will be made by fire.
    There is a cleansing of fire that will fall from the East to the West, in one night, in one hour and the United States will never rise to power again.

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