BKP talks about the tax hikes in the Inflation Reduction Act, automakers subsidies, and more

We’ve talked about Trad­er Joe. 

5 tax hikes in the Dems rec­on­cil­i­a­tion bill. The leg­is­la­tion would impose a regres­sive tax on oil and gas devel­op­ment based on emis­sions lev­els of methane dur­ing pro­duc­tion, lead­ing to high­er ener­gy bills for con­sumers and high­er costs of every­day products. 

The biden admin­is­tra­tion is using reg­u­la­tion to essen­tial­ly man­date that automak­ers churn out elec­tric vehi­cles, now tax­pay­ers will sub­si­dize that cost. 

Infla­tion reduc­tion act of 2022: 369B for cli­mate ener­gy pro­grams, 451B in rev­enue from tax reforms, medicare can nego­ti­ate drug prices, afford­able care act sub­si­dies extend­ed, 300B toward deficit reduc­tions. We are not wait­ing for the CBO score. Usu­al­ly for this kind of build we wait for the CBO report where it would tell if it would increase the debt or infla­tion numbers. 

We are in a recession 

Ted Cruz shares a clip of Bill Clin­ton acknowl­edg­ing some­thing that Biden won’t: 2 quar­ters of neg­a­tive gdp growth. 

Trad­er joe. The moun­tain val­ley pipeline. Expands from north­west­ern WV to south­ern VA. costs have increased even more and has been in the works for 7 years. The com­ple­tion date is sched­uled for 2023. Look into July 5th 2020. Can­cel the Atlantic coast pipeline. Check out what Manchin did . 

Kemp has north GA sched­uled out on August 4th. Toc­coa, Clay­ton, Blairsville. 

BKP will be at the Lib­er­ty Group Tea Par­ty is on Wednes­day where he will be speaking.