From Peter Reagan
Much like the Patriot Act had little to do with making life safer in the U.S., the Biden administration’s “Inflation Reduction Act” has very little to do with reducing inflation.
Thanks to this “Inflation Reduction Act,” our lives are about to get even more expensive for just about everyone. If you’re saving money for retirement, heating your home or driving a car, well, get ready to start paying higher prices.
That’s because of several new taxes that were tucked away in the 274 pages of the Inflation Reduction Act. Those new taxes have become law as of January 1st, 2023.
I’d argue this is a clear contradiction of Biden’s campaign promise that he wouldn’t tax Americans who have annual incomes under $400,000. This is open to debate, however – because the new taxes we’re discussing today don’t target the average American household directly. Rather, everyday hard-working families are collateral damage of the Biden administration’s battle against “greedy corporations, evil energy companies” and the like.
So let’s go through five new taxes aimed at the “greedy” and “evil” that will ultimately punish everyone. Continue reading “5 Ways the “Inflation Reduction Act” Is Stealing Your Money”
