Democrats’ $700B ‘Build Back Better’ Plan To Raise Taxes During A Recession Is A Political Death Wish

Democrats’ $700B ‘Build Back Better’ Plan To Raise Taxes During A Recession Is A Political Death Wish


Reports emerged late Wednesday afternoon that Sen. Joe Manchin, D-W.Va., had reached an agreement with Majority Leader Chuck Schumer, D-N.Y., to revive Build Back Better legislation. Details remain scarce, but the agreement would go beyond Democrats’ most recent plan: to raid the Medicare prescription drug program to fund welfare subsidies for the wealthy. In addition to these provisions, the nascent agreement would raise taxes to fund a series of “green energy” climate subsidies.

The timing of the announcement seems very intentional — on multiple levels. First, it came mere hours after the Senate approved a package of subsidies (read: corporate welfare) for semiconductor chip manufacturers that Minority Leader Mitch McConnell, R-Ky., had said in June he would block if Democrats continued with a partisan reconciliation

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