The insidiously renamed Build Back Better, now called the Inflation Reduction Act

Democrats are nothing if not crafty manipulators of public perception, they've forced Republicans to oppose a bill called the 'Inflation Reduction Act' 2 months before elections.

I gotta hand it to the left, they're good at molding a public image for not only themselves, but their opponents. I believe bills should only be able to be named by an alphanumeric code rather than being given bleeding heart names to cover their true intentions.

What's in the bill is some glowing, but misguided provisions. Electric vehicle tax credits to further strain our already archaic national power grid, bolstering of Affordable Care Act subsidies that fall short of what mothers and families need, and a literal tax on methane gas emissions which are directed at fossil fuel companies.

This will no doubt also be used to impose similar regulations on our farmers here that Dutch farmers are still protesting over in the Netherlands, along with German, Italian, Spanish and Polish farmers. I wonder if someone will spray the Capitol with manure?

Among other things are tax hikes on corporations and those making over $400,000 a year, which as we know just result in costs going up for the rest of us across the rest of the economy that those very individuals control.

Basically you're looking at a scaled-back version of the Build Back Better agenda Joe Biden campaigned on, with lots of capitulation to the squad's wet dream of destroying the American economy with misguided policy. So far, so good. We're in a recession. Keep up the good work, morons.

The bill introduces $433 billion in new investments, largely into energy security and climate change measures, while the Affordable Care Act spending is $64 billion. The bill boasts the raising of $739 billion from corporate tax hikes ( which will be passed onto the consumer ) Prescription Drug Pricing Reform, IRS Tax Enforcement, and the partial closing of the Carried Interest Loophole.

The Carried Interest Loophole won't really affect those at the top, but it carries with it an unintended side effect of screwing with small business owners, as per usual. Because small business owners don't already have it hard enough. And this is done by hampering the private equity industry.

Last year, according to Drew Maloney, chief executive of the American Investment Council, 74% of private equity investment with to small businesses last year. The Inflation Reduction Act will impose higher taxes on private equity fundraising and investments meant to help start small businesses. This will also hit endowments and pension funds.

It doesn't make a whole lot of sense when you relate equity investments to long-term capital gains made via the traditional buying and selling of securities on the stock market. They shouldn't really be treated any differently under the tax code, and yet they are.

Not all of it is evil, I agree with the Prescription Drug Pricing Reform. I also agreed with it when Trump did it and then Biden rescinded it, only to have it re-introduced now so he can claim credit for it. Republicans should remind the public of that relabeling of past actions taken by the previous administration.

For the most part, this bill is just the shining example of business as usual in Washington, and business is good if you're in the in-crowd. If you're not? Well... be ready for when your paycheck buys a whole lot less.