Wasteful

More Free Sh*t… Biden’s Next Wasteful Stimulus Package

The Biden-Harris regime is continuing their wasteful efforts to try and buy legitimacy from the American people by simultaneously borrowing and spending at a breakneck pace. And finally impose their socialist vision on America.  The next “stimulus package” that the Democrat-Socliasts are pushing will do very little to actually “stimulate” the US economic recovery. It’ll do far more to further the transformation of the United States into a Socialist nation.  Let’s explore the real objectives.

The Blunt, Wasteful Redistribution of American Wealth

Here are the scraps they’re throwing to the masses:

  • “Automatically” adjusts the length and amount of unemployment payments workers will receive “depending on the economy”.
  • Expanded Affordable Care Act premium tax credits, will be extended. Further entrenching Obamacare into the fabric of the US Tax code making it more difficult and unpopular to eradicate.
  • Earned Income Tax Credit Expansion for childless workers becomes permanent
  • Extend the Child Tax Credit increase through 2025 and make it “permanently fully refundable.”
    • Under the Temporary “American Rescue plan” (2020-2021) the credit was increased from $2,000 to $3,000 per child for ages 6 and above and $3,600 child under 6.
  • Child and Dependent Care Tax Credit (CDCTC) expansion originally temporary under the “American Rescue plan” will now be permanent.

The Imposition of Socialism on Our Businesses

Here’s where the plan takes a hard-left socialist turn and goes simply insane:

  • Universal preschool for 3- and 4-year-olds.
  • Two years of free community college to all students, including foreign nationals, illegal immigrants or “dreamers”.
  • Supplemental Nutrition Assistance Program (SNAP) eligibility extended to former felons.
  • “National paid family and medical leave program — Up to $4,000 per month, with a minimum of two-thirds of average weekly wages replaced”
    • There is more to this but it basically rips control over employee benefits out of employers hands While imposing new costs upon them. Benefits like:
      • 3 Days Bereavement leave.
      • 12 weeks of paid parental, family and personal illness leave by “Year 10”
      • “partial wage replacement for a new child, care for seriously ill loved one, loved one’s military deployment, finding safety from sexual assault, stalking or domestic violence, heal from serious illness or taking time off for the death of a loved one”
  • A $15 minimum wage for child care workers on a National scale. Infringing on state’s rights and completely ignoring varied costs of living.
  • $1.6 billion in funding to help current teachers earn credentials for programs like special (propping up the radical-leftist social indoctrination and psycho-pharmacology crippling our schools) and bilingual education (further creating a glide path for illegal immigration, instead of requiring students to learn in english.)

The Racial Component To The New Biden Stimulus

And the plan, in fitting with Critical Race Theory, contains some explicitly racist handouts,

  • Two years of RACIALLY BIASED subsidy of tuition and program expansions in STEM fields ONLY FOR:
    • Historically Black colleges and universities (HBCU)
    • Tribal Colleges and Universities (TCU)
    • Minority Institutions (MSI)
  • $2 billion for programs to mentor new teachers and teachers of color

The Cost of This Wasteful, Deliberate Sham

The cost the COVID19 “recovery” from the leftist inflicted, near fatal wound to our nation is continuing to spiral with no end in sight. According to White House Officials,

“The plan would cost $1.8 trillion and is proposed to be paid for through tax hikes on high income Americans, impacting .03% of taxpayers, like those making more than a million dollars a year.”

The plan would reverse President Trump’s reduction of the top-line tax rate and increase it to 39.6% for the top 1% of earners. In a further punishment to investment and success tax breaks for Capitol gains and dividends would be eliminated for households that earn over $1 million. By eliminating the “Stepped Up Basis” on inherited property taxes, the Biden-Harris regime will deliberately eliminate increased property value gains that “can be passed down across generations untaxed”. And of course the Biden-Harris IRS will be targeting enforcement at “wealthy” taxpayers making over $400k.

That’s the key, there’s the target: independently wealthy and even just well-off Americans who have worked hard, scrimped and saved their whole lives to pass on wealth to their children and posterity. How dare you perpetuate your privilege. But don’t worry, the Democratic-Socialists are here to stop you and MAKE you pay your “fair share” so that other people, who maybe didn’t work as hard, their children can benefit from your decades of sweat and tears. Never mind how demonstrably wasteful it has always proven to hand wealth to those who refuse to work for it.

Rejoice Comrades

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts