CAL THOMAS COMMENTARY JULY 29, 2022
A DEAL HAS BEEN STRUCK BETWEEN SENATOR JOE MANCHIN OF WEST VIRGINIA AND MAJORITY LEADER CHUCK SCHUMER THAT HAS BOUGHT MANCHIN’S VOTE FOR A BILL FORMERLY KNOWN AS “BUILD BACK BETTER” AND NOW RE-CHRISTINED “THE INFLATION REDUCTION ACT OF 2022.”
CLEVER, AREN’T THEY? THE BILL WILL RAISE TAXES ON THOSE EVIL CORPORATIONS DEMOCRATS CLAIM TO HATE AND FIDDLE WITH OBAMACARE, LOWERING PRESCRIPTION DRUG COSTS FOR MEDICARE ENROLEES. SCHUMER CLAIMS MONEY “LEFT OVER” WILL BE USED TO REDUCE THE DEFICIT.
WHO BELIEVES THAT? I DON’T. GIVING MORE OF OUR MONEY TO POLITICIANS, EXPECTING THEM TO REDUCE DEFICITS, MUCH LESS CUT THE $30 TRILLION DEBT, IS LIKE GIVING BLOOD TO DRACULA, HOPING HE WON’T BITE YOUR NECK.
IT REMINDS ME OF A DEAL PRESIDENT GEORGE H.W. BUSH MADE WITH HOUSE SPEAKER JIM WRIGHT. BUSH SAID HE WOULD AGREE TO TAX INCREASES, VIOLATING HIS “READ MY LIPS, NO NEW TAXES” PLEDGE, IF WRIGHT WOULD AGREE TO CUT SPENDING. WRIGHT GOT HIS TAX INCREASES, BUT WRIGHT RENEGED ON HIS PROMISE TO CUT SPENDING. THIS LED TO BUSH’S DEFEAT IN THE 1992 ELECTION TO BILL CLINTON. BUSH NEVER GOT HIS SPENDING CUTS. CLINTON RAISED TAXES AGAIN. THAT’S WHAT DEMOCRATS DO.
I’M CAL THOMAS.
