Just say ‘Hell No!’ to the Democrats’ $3.5 Trillion Budget Disaster

Joe Biden Meets With Democrat Senators, White House [Public Domain]

NEW YORKHouse Speaker Nancy Pelosi plans a vote soon to push Senator Bernie Sanders’ $3.5 trillion socialist dream budget one step closer to law.

The news grows worse from there.

Every other detail about this onerous legislation merits scorn, revulsion, and rejection.

The Build Back Better budget resolution boasts a $3.5 trillion price tag. Taxpayers should be so lucky.

This figure assumes that several key initiatives, including the child tax credit, will expire in three to five years. Since government programs are virtually immortal, this is not wishful thinking. It’s pure fantasy.

Reasonably assuming that these programs grind on for 10 years swells the budget’s true price to $5.5 trillion. Add the Senate’s $1 trillion “infrastructure” bill, which most House Democrats hope to append, and Bernie’s budget hits $6.5 trillion.

Next, blend in $400 billion for interest payments on the exploding national debt. This pushes the “$3.5 trillion” package’s real cost to $6.9 trillion — nearly double its advertised price!

Bernie’s Budget is all about inserting the Federal government into the daily lives of all Americans and spending as much money as possible while doing so,” warned House Budget Committee ranking Republican Jason Smith of Missouri.

Democrats plan to underwrite this bachelor-party-like extravaganza by borrowing from the Chinese Communist Party, God love them, and by hiking levies on America’s beleaguered taxpayers. Bernie’s Budget constitutes the biggest tax increase since 1968 — before man walked on the Moon.

The Club for Growth Foundation counts $3.6 trillion in new taxes in this measure. Among them:

Higher revenues from growing the IRS’ size and reach: $266 billion.

A boost in long-term, combined, capital gains taxes from 29 percent to 48.4 percent: $322 billion. If this bill is enacted, investors seeking lower capital-gains taxes could find them in Red China.

New IRS spying and subsequent taxes on transactions in bank accounts with balances of $600 or more: $463 billion.

A new global minimum tax on U.S. companies operating overseas. $534 billion.

A more-than-one-quarter hike in the corporate tax, from 21 percent to 26.5 percent, totaling $858 billion. Add state levies on such enterprises, and U.S. companies would strain beneath the developed world’s highest tax burden. This is dreadful for American businesses, jobs, and growth and a boon to this country’s economic rivals.

Beyond spending and taxes, the Bernie Budget would bludgeon the Land of the Free into a socialist “worker’s paradise.” Among its far-Left social-engineering schemes:

An annual methane-emissions tax would cost dairy farmers an extra $6,504 per cow.

Tax credits for university “environmental justice programs.” Cost: $1 billion.

A $1,500 tax credit on electric bicycles that cost up to $8,000. $7.4 billion.

A $1,200 tax credit for green doors, windows, and skylights: $15 billion.

Individuals with incomes up to $200,000 could collect $82,000 in federal housing down-payment subsidies.

Free college! Cost: $50 billion

“The Democrat bill shovels $3.5 billion of your money so DC bureaucrats can create something called the ‘Civilian Climate Corps’ – a make-work program for young climate activists,” Americans for Tax Reform founder Grover Norquist marveled. “Perhaps they’ll knock on your door with a clipboard and tell you to put on a sweater instead of heating your home adequately.” 

These taxpayer-funded eco-busybodies also would be unionized. And, of course, their union dutifully would kick back a chunk of their members’ mandatory dues into the Democrat Party’s campaign coffers.

“In the face of mounting inflation and economic instability, a rational Congress would enact pro-growth tax and spending reforms that pave the way to a smoother recovery,” Andrew Moylan advises. The National Taxpayers Union’s executive director adds, “Instead, current leaders are marching full speed ahead with the most sweeping expansion in the size and scope of government in decades. It’s like throwing a drowning child an anvil instead of a life preserver.”

Appalled? Call 202-225-3121 and tell your congressman to vote “Hell No!” on the Pelosi/Sanders/Biden blueprint for instant socialism in America. One Venezuela will suffice. 

Deroy Murdock is a Manhattan-based Fox News Contributor, a contributing editor with National Review Online, and a senior fellow with the London Center for Policy Research. He has collaborated since the Reagan era with the organizations cited in this opinion piece.

The opinions expressed by columnists are their own and do not necessarily represent the views of TrumpTrainNews.com

Deroy Murdock is a Manhattan-based Fox News Contributor, a contributing editor with National Review Online, and a senior fellow with the London Center for Policy Research.


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Lydia Abbott
Lydia Abbott
1 month ago

Google is presently paying 10447 to 13025 every m0nth for w0rking 0n the web fr0m

h0me…>>> snagreview.tk

Dee S
1 month ago

When the United States system collapses, you will all wish you did more to stop it.

Bidencheats
1 month ago

Awaiting for approval because I used the word illegals..? Hmmmmm. what the H–

Gene Ralno
Gene Ralno
1 month ago

The government no longer tabulates illegal aliens and asylees because it’s not good for the democrat voting base. A cursory review of available data revealed the U.S. is home to 51 million immigrants and Germany is in second place with 13 million. It also has 14 million illegal aliens and uncounted millions of asylees.

Democrats don’t need the $5 trillion to fund U.S. needs unless you add in the usual useless pork. Unfunded costs include care expected for several million illegal aliens and asylees just released into the U.S. Combined with funding already provided for food, shelter, medical care, education and imprisonment, the U.S. will be lucky to avoid bankruptcy and World War Three. These two bills are prima facie absurd.

Grace
Grace
1 month ago
Reply to  Gene Ralno

Birthrate for Muslim invaders is five times American birthrate. I’m sure the Haitian birthrate will be about the same. How about some birth control pills in those care packages?

Casey
Casey
1 month ago

Any sleazy politician, FROM EITHER PARTY, that votes for this bill need to be voted out of office. In fact, they should be marched out and hung from the nearest tree.

The politicians that vote for this are being bought. They will receive a lot of money under the table. The bill is garbage and is way too big. This allows for a lot of stuff to be hidden in it…. AND YOU CAN BET THAT IT IS. A lot of graft and corruption will be part of this bill. And the losers will be the American taxpayers AGAIN. It is a crime that no one gets punished for.

The political system in the country has devolved and the crooks are learning more and more how to steal from it AND THE POLITICIANS ARE THE CRIMINALS.

Catherine Criscuolo
Catherine Criscuolo
29 days ago
Reply to  Casey

You are absolutely correct What the hell are they thinking? She just wants HER bill to pass. The Reps and some Dems. better stick to their common senses.

Rick in NH
Rick in NH
1 month ago

Again, we have theses halfwitted socialist morons pushing an agenda that has never worked anywhere else because they think that they know how to do it “right.” These ideologues and their cocktail party liberal friends have everything ass-backwards. The rich are ALREADY paying their fair share. The top 10% of wage earners pay 80% of the revenue collected. The bottom 20% pay nothing. Anyone who believes the Democratic Party bullsh*t needs to put the crackpipe down and learn to live in reality!

Casey
Casey
1 month ago

If you are a conservative, I recommend that you dump Trump Train News. They will not post your comments.

DebV
DebV
1 month ago

Most Americans are living paycheck to paycheck as it is now, and if Congress raises taxes on corporations, there are going to be huge production cut-backs, massive layoffs of labor, and a soaring everyday cost of living. Beef is already outrageously priced at $6 to $20/pound; with a $500 per month per cow methane gas emissions fee, we can expect the price of beef (just plain old hamburger) to be out of reach of most families. Maybe Congress needs to stop dining on fancy feasts and pricey wines and cocktails (or stop smoking their dope and frying their brains) and try living like the average American does today. The promised $400K earning base for raising taxes is a joke: how many people make less than a quarter of that? Probably 75% of the country. And just because they aren’t taxed in their paychecks, they’ll be saddled with higher prices in every product they consume; there will be added user fees and convenience charges which hurt the little guy more than anyone. This budget proposal is nothing short of a national tragedy.

sly8ball
sly8ball
29 days ago

whether republican, democrat, independent, or socialist who votes yes on this should start updating their resumes….elections are 13 months away….

Catherine Criscuolo
Catherine Criscuolo
29 days ago
Reply to  sly8ball

can’t wait.We got to take both houses.

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