It&#8217;s time for your daily dose of Bidenomics — where the rules are made up and the points don&#8217;t matter.
In today&#8217;s lesson, we&#8217;ll learn how the U.S. poverty rate increasing for the first time in more than a decade is actually a sign of a booming economy or something.
According to the U.S. Census Bureau, a whopping 12.4% of Americans lived in poverty in 2022. That&#8217;s up from 7.8% in 2021. In fact, it was the first increase in the U.S. poverty rate in 13 years.
That news comes as the Census also reported that the U.S. real median household income decreased by 2.3% to $74,580 in 2022. Meanwhile, year-over-year inflation rose 7.8%, <a href="https://www.foxbusiness.com/economy/us-household-income-fell-2022-census-data-shows" target="_blank" rel="noopener">per</a> Fox Business.
The Biden administration has long claimed that his policies are working and that his spending plans have juiced the American economy. Meanwhile, prices have increased <a href="https://x.com/TimMeadsUSA/status/1704138531386323270?s=20" target="_blank" rel="noopener">more than 17%</a> he took office.
In August, inflation continued to tick upward.
In a statement given to Townhall.com, Job Creators Network President and CEO Alfredo Ortiz said, &#8220;This accelerating inflation, which is nearly twice the Federal Reserve&#8217;s target rate, is another Bidenomics blow to ordinary Americans and small businesses dealing with rapidly rising prices that are lowering their real wages and living standards for two and a half years.&#8221;
Indeed, as <a href="https://rollcall.com/2023/08/02/voters-just-arent-buying-bidenomics/" target="_blank" rel="noopener">explained recently</a> by David Winston, the president of The Winston Group and a GOP adviser, just about everything is more expensive than it was on the day Biden took office.
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Biden&#8217;s solution, Winston correctly points out,  has been &#8220;trying to dress up central planning as America First.&#8221;
The current president even tried to sell his economic agenda as &#8220;BABA&#8221;— Building a Better America. As previously discussed, BABA sounds similar to former President Donald Trump&#8217;s MAGA — Make America Great Again, but like most phony imitations, it has proven to be a crappy product that falls apart under the slightest bit of pressure.
BABA didn&#8217;t really click with the American people, so now he&#8217;s trying to sell his vision for the country as Bidenomics.
It&#8217;s been a great success for America, just ask him.
Whatever he calls it, the results are the same: The American people are worse off today than they were four years ago. The proof is in the pudding — that <a href="https://www.foodandwine.com/news/snack-prices-rising-2022-oreo-mondelez-kraft#:~:text=%22The%20products%20include%20varieties%20of,percent%2C%22%20CNN%20Business%20wrote." target="_blank" rel="noopener">now costs more money</a>, evidently.
The views expressed in this piece are the author’s own and do not necessarily represent those of The Daily Wire.

MILWAUKEE, WISCONSIN – AUGUST 15: U.S. President Joe Biden speaks to guests at Ingeteam Inc., an electrical equipment manufacturer, on August 15, 2023 in Milwaukee, Wisconsin. Biden used the opportunity to speak about his “Bidenomics” economic plan on the one-year anniversary of the Inflation Reduction Act of 2022.

Poverty Rate Increases For First Time In Over A Decade: Bidenomics!

Donald Trump

Economy

Inflation

Inflation Reduction Act

Joe Biden

Politics

Poverty

Auto workers in <a href="https://www.dailywire.com/topic/michigan" target="_blank" rel="noopener">Michigan</a> are preparing to go on strike for higher wages at three major U.S. carmakers as the United Auto Workers (UAW) union criticizes President Joe Biden’s handouts for the <a href="https://www.dailywire.com/news/as-auto-strike-looms-biden-admin-announces-15-5-billion-for-electric-vehicle-manufacturers" target="_blank" rel="noopener">electric vehicle industry</a>.
The UAW <a href="https://www.clickondetroit.com/news/local/2023/09/14/live-updates-uaw-strike-looms-hours-before-contracts-expire-with-big-three-automakers/" target="_blank" rel="noopener">says</a> workers at General Motors, Ford, and Stellanits deserve a pay raise of 36%, and unless the union can come to an agreement with the automakers by midnight Thursday, the auto workers will go on strike. Not all of the UAW’s criticisms are directed at Detroit’s three major automakers; the union is also upset with the Biden administration and the Democratic Party for its subsidies to the electric vehicle industry, warning that the rush to push EVs is overlooking the security and protection of the American auto worker.
“UAW members feel abandoned by the Democratic Party,” former UAW President Bob King <a href="https://www.politico.com/news/2023/09/13/biden-labor-ally-threatening-energy-agenda-00115415" target="_blank" rel="noopener">told</a> POLITICO in an interview, saying that Biden’s Inflation Reduction Act has failed to benefit union workers. “I think there’s a segment of the Democratic Party that sees itself as serving corporations rather than the common good. … We’ve had a lot of disappointments.”
POLITICO reported that most of the energy investments made possible by the Inflation Reduction Act are flowing away from Michigan and to more Republican-led <a href="https://www.politico.com/news/2023/08/13/biden-inflation-reduction-act-climate-states-00110940" target="_blank" rel="noopener">states</a>, such as Kentucky, Tennessee, Georgia, and South Carolina. The UAW is also concerned that it will lose members when motor companies invest even more into EVs as EVs usually have fewer parts than gas-powered cars.
The UAW is withholding an endorsement of Biden as it waits to hear back from the administration. UAW President Shawn Fain demanded the Biden administration give the UAW assurances that union workers will be protected as the federal government pushes for higher EV production. Biden, who <a href="https://www.whitehouse.gov/briefing-room/speeches-remarks/2021/09/08/remarks-by-president-biden-in-honor-of-labor-unions/" target="_blank" rel="noopener">describes</a> himself as the “most pro-union president&#8221; in history, received the endorsement of the UAW in 2020 as the union typically backs any candidate with a “D” next to their name, but the UAW president said Biden has some more to prove before he gets an endorsement for 2024.
“Actions are going to dictate endorsements, so we’ll see how things continue to play out, and we have a lot of issues to resolve,” Fain <a href="https://transcripts.cnn.com/show/cg/date/2023-09-11/segment/02" target="_blank" rel="noopener">told</a> CNN’s Jake Tapper earlier this week. “There’s a lot with the EV transition that has to happen, and there’s hundreds of billions of our taxpayer dollars that are helping fund this, and workers cannot continue to be left behind in that equation.”
Ever since taking over in the White House in 2021, Biden has strongly pushed for the U.S. to ramp up electric vehicle production in the name of green energy. The White House is <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2023/04/17/fact-sheet-biden-harris-administration-announces-new-private-and-public-sector-investments-for-affordable-electric-vehicles/" target="_blank" rel="noopener">investing</a> in the car industry with the hopes of getting EV sales to make up half of all new vehicle sales by 2030, subsidizing American car companies to help the administration reach its goal.
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Earlier this year, Ford <a href="https://www.dailywire.com/news/ford-gets-9-2-billion-loan-from-biden-admin-for-ev-battery-factories-biggest-check-since-2009-bailouts" target="_blank" rel="noopener">received</a> the largest government check for an automaker since the 2009 bailouts thanks to a $9.2 billion loan intended to help construct three electric vehicle battery plants in the U.S. The Biden administration and Motor Company continue to push EVs even as Ford <a href="https://www.dailywire.com/news/ford-loses-billions-on-electric-cars-embraces-hybrids" target="_blank" rel="noopener">said</a> it expects to lose $4.5 billion from its EV division this year.

Former Union President Says Auto Workers ‘Feel Abandoned By The Democratic Party’ As Union Criticizes Biden’s EV Push

Former Union President Says Auto Workers 'Feel Abandoned By The Democratic Party' As Union Criticizes Biden's EV Push

Auto Companies

Biden Administration

Electric cars

Executive

Michigan

U.S.

Unions

Adam Smith’s “The Wealth of Nations” was published in 1776, the same year as the Declaration of Independence, and it was just as revolutionary. The work explains that in a free enterprise system the free choice of the consumer, like the corollary free vote of the citizen, would determine what products would be produced in the marketplace. Everyone in such a marketplace was free to produce, free to choose, and free to purchase for the benefit of the consumer and to the general benefit and prosperity of the whole society. Smith’s revolutionary work did away with the feudal system of having to have a tyrant’s favor to produce goods in the tyrant’s marketplace, for the despot’s “subjects.” There was no choice.
When Joe Biden took office in January 2021, he <a href="https://www.cnbc.com/2021/01/27/biden-suspends-oil-and-gas-drilling-in-series-of.html" target="_blank" rel="noopener">immediately attacked</a> our economy’s energy sector via executive orders, administrative regulations, and cutting off federal land leases for energy exploration and development. The effects of <a href="https://www.theguardian.com/us-news/2021/jan/27/joe-biden-climate-change-executive-orders" target="_blank" rel="noopener">such an onslaught</a> were predictable. When you make energy costs higher, every product that is shipped from point A to point B will cost more. Every product produced in a plant that uses electricity will cost more. Every service facility, such as hospitals and schools, will cost more to operate.
So, it was predictable that the price of a barrel of oil, a gallon of gas, and home heating oil would all increase. Each of these costs rippled through the whole economy, creating a national rise in inflation of 12.7% in the first two years of Biden’s presidency.
It was equally predictable that the Democratic Party would blame the increases in costs on “evil” energy companies, and that they would generate a “Climate Bill” to finish the job of taking command and control of the energy sector to save our economy, having first imperiled it. However, there was one sensible Democratic Senator, who knew the bill would increase inflation further, so the original “Climate Bill” was sidelined.
In the original Climate Bill’s stead, just one year ago, came a Trojan horse called “The Inflation Reduction Act,” refashioned as a “gift” that would reduce costs across the economy for hard-working families. In fact, just as the Greeks fashioned a horse to get through the walls of Troy, which they could not breach by other means, the Democrats offered this act as a sales pitch, a fashionable vessel, that contained the same regulatory armies that created the country’s runaway inflation in the first place.
Why would one of America’s political parties do such a thing?
The Inflation Reduction Act (IRA) was <a href="https://www.foxnews.com/politics/biden-admits-inflation-reduction-act-less-inflation-originally-sold-americans" target="_blank" rel="noopener">not passed to reduce inflation</a> nor was it written to reduce global warming. Its real function is to take control of America’s most vital economic sector, one that is literally at the crossroads of the wealth and prosperity of our country. The IRA functions as a means of transferring power through control of the energy sector to the administrative state, and it functions as a means of transferring wealth to the Democratic Party and their friends and business associates, through taxpayer-funded, stock market-supported, alternative energy business start-ups.
So, how do you do that?
You use the administrative state to regulate, tax, fine, and persecute the fossil fuels industry out of business while using taxpayer wealth to fund its alternative – the companies the administrative state and the Democratic Party favor – with regulations, grants, subsidies, and tax breaks.
Though sold as a simple bill designed to contain inflation, in reality, the IRA is a textbook example of how to perform a socialist takeover of an economic sector. And do note the diversionary title of the Inflation Reduction Act. If the real intent of the IRA had been written into the bill and had to gain the public’s approval to pass Congress, it would never have passed. Titled and sold as a means of curing the problem of inflation the Democratic Party itself created – it did pass.
So, what does it mean?
It means that, like the walls of Troy, the fossil fuel industry is under siege from a disguised, internal enemy. It means taxpayers will be looted of more wealth than the Trojans ever dreamed of, to the tune of $1.4 trillion and counting. It also means another kind of plundering – with government command and control comes higher consumer prices for everything. It means one political party in alliance with the administrative state will dictate which companies can produce what products. What is produced that is in any way related to the energy sector will need the favor of a new tyrant: The Democratic Party.
It means that the American consumer will have no choice in what materials are used to build their homes or what type of <a href="https://www.dailywire.com/news/ford-gets-9-2-billion-loan-from-biden-admin-for-ev-battery-factories-biggest-check-since-2009-bailouts" target="_blank" rel="noopener">car</a> they can buy, or what type of <a href="https://www.dailywire.com/news/democrat-official-who-supports-gas-stove-crackdown-has-a-gas-stove-in-his-own-home" target="_blank" rel="noopener">stove</a> to use or what light bulb to choose. The American consumer will have as much choice as the Trojan slaves had after the war, when their masters dictated what they consumed.
But they say the world’s going to die! The planet’s burning and there is no way off! We must do something!
When choosing whether to believe a myth or follow the money – follow the money.
<a href="http://richardclyons.com" target="_blank" rel="noopener">Richard C. Lyons</a>, author of <a href="https://www.amazon.com/DNA-Democracy-Richard-C-Lyons/dp/0960072330/ref=sr_1_1?crid=2YMZDE1WJACY&amp;keywords=dna+of+democracy&amp;qid=1682820028&amp;sprefix=dna+of+democracy,aps,147&amp;sr=8-1" target="_blank" rel="noopener">The DNA of Democracy: Volume I</a> and <a href="https://www.amazon.com/Shadows-Acropolis-Richard-C-Lyons/dp/0997346299/ref=pd_bxgy_vft_none_img_sccl_1/133-3675306-0445253?pd_rd_w=2AzPK&amp;content-id=amzn1.sym.26a5c67f-1a30-486b-bb90-b523ad38d5a0&amp;pf_rd_p=26a5c67f-1a30-486b-bb90-b523ad38d5a0&amp;pf_rd_r=CXEQVEV308YHMA6RN7V2&amp;pd_rd_wg=Tfgw1&amp;pd_rd_r=5df3aa2a-5ee5-469c-99f9-21d371581b3f&amp;pd_rd_i=0997346299&amp;psc=1" target="_blank" rel="noopener">Shadows of the Acropolis: Volume II</a>  is a third generation printer, whose early career centered on religious and special education publishing. Lyons has since engaged in literary pursuits as a poet, essayist, screenwriter and indie publisher.
The views expressed in this piece are those of the author and not necessarily those of the Daily Wire.

President Biden Delivers Remarks On Bidenomics In Milwaukee

Why Biden’s Inflation Reduction Act Is A Socialist Trojan Horse

Biden Admin

Climate Change

Energy

Oil and Gas

Readers Pass

President Joe Biden took some heat for a Tuesday X post bragging about his <a href="https://www.dailywire.com/news/biden-brags-about-the-economy-and-people-say-it-must-be-an-april-fools-day-gag" target="_blank" rel="noopener">economic policies</a> — dubbed &#8220;Bidenomics&#8221; — namely from people pointing out persistently higher costs for basic necessities like food, energy, and gas.
&#8220;That&#8217;s Bidenomics,&#8221; the president boasted, sharing a graphic that quoted him as saying, &#8220;We&#8217;re growing the economy from the middle out and bottom up, lowering costs for hardworking families, and making smart investments in America: That&#8217;s Bidenomics.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
That’s Bidenomics. <a href="https://t.co/b6U189I5ax">pic.twitter.com/b6U189I5ax</a>
&mdash; Joe Biden (@JoeBiden) <a href="https://twitter.com/JoeBiden/status/1694131860127826130?ref_src=twsrc%5Etfw">August 22, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;Literally nothing costs less,&#8221; @1witchychick <a href="https://twitter.com/1WitchyChick/status/1694345848186962366" target="_blank" rel="noopener">responded</a>, and her sentiments were shared by a number of other critics who were quick to weigh in on the subject.
&#8220;What costs are you lowering?&#8221; another account asked, sharing a screenshot of a Fox Business headline showing just how much more Americans were spending, on average, to accommodate their basic needs: $709 per month more than two years ago.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
What costs are you lowering? <a href="https://t.co/5b7sthPdhs">https://t.co/5b7sthPdhs</a> <a href="https://t.co/KmOTw5bo9P">pic.twitter.com/KmOTw5bo9P</a>
&mdash; Amy Curtis (@RantyAmyCurtis) <a href="https://twitter.com/RantyAmyCurtis/status/1694154200131760591?ref_src=twsrc%5Etfw">August 23, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Dr. Jeff Ross wondered whether Biden was even serious, <a href="https://twitter.com/VailshireCap/status/1694144734976188888" target="_blank" rel="noopener">asking</a>, &#8220;This a joke or nah? Serious question: Does any hardworking American think that your living costs have been lowered at any time over the past three years? Utter nonsense.&#8221;
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&#8220;Bidenomics — 8% interest to buy a house, 3.5% inflation and $5 gas. Great job,&#8221; another <a href="https://twitter.com/RealSaltySlim/status/1694152482585211382" target="_blank" rel="noopener">replied</a>.
Biden and some of his supporters have been making the rounds in recent weeks, touting the climate initiatives that were part of his signature Inflation Reduction Act — and boasting about economic gains in the form of slightly lowering inflation rates and positive jobs numbers.
What none of Biden&#8217;s surrogates appear willing to address is the fact that the <a href="https://budget.house.gov/press-release/fact-check-biden-misleads-on-job-creation-statistics" target="_blank" rel="noopener">jobs numbers</a> — while they have been trending in a positive direction since Biden took office — do not represent only newly created jobs but also jobs that were left unfilled during the pandemic and have since been filled. Additionally, the number of Americans who have left the workforce altogether means that fewer eligible people are even looking for work.
On top of that, the Biden administration has often boasted about <a href="https://www.dailywire.com/news/core-inflation-matches-two-year-low-heres-why-youre-not-noticing-any-change" target="_blank" rel="noopener">lowered inflation</a> — but often bases that on &#8220;core inflation,&#8221; which eliminates the impact of more volatile costs such as food and gasoline. But because average Americans have to purchase those items weekly, if not daily, they are less impacted by the fact that &#8220;core inflation&#8221; may have lowered.

President Biden Hosts Japan And South Korea’s Leaders At Camp David

‘Literally Nothing Costs Less’: WH Torched For Latest ‘Bidenomics’ Brag

'Literally Nothing Costs Less': WH Torched For Latest 'Bidenomics' Brag

White House

The Baby Boomer generation stretched from 1946 to 1964. That means members are now 59 to 77 years old, and nearly 10,000 Boomers reach retirement age &#8212; 65 &#8212; each day.
But in the age of President Joe Biden &#8212; with inflation soaring double digits, interest rates skyrocketing, and investment portfolios sagging &#8212; a lot of those older Americans are being forced to &#8220;unretire.&#8221;
&#8220;Unfortunately, the inflation-driven affordability crisis and the Federal Reserve’s interest rate hikes meant to combat inflation have driven housing costs higher,&#8221; USA Today reported this week. &#8220;As a result, retirees are moving back into the labor force. According to a <a href="https://12ft.io/proxy?q=https%3A%2F%2Fwww.usatoday.com%2Fstory%2Fopinion%2Fvoices%2F2023%2F05%2F28%2Finflation-government-spending-are-pulling-boomers-out-of-retirement%2F70254240007%2F" target="_blank" rel="noopener">survey</a> by Paychex, 55% of retirees who went back to work said they did so because they needed more money, and 1 in 6 retirees is considering returning to work.&#8221;
&#8220;Most would want to work full-time (65%) instead of part-time (35%). This could be due to a need for more money — the reason cited by 53% of respondents,&#8221; Paychex <a href="https://12ft.io/proxy?q=https%3A%2F%2Fwww.usatoday.com%2Fstory%2Fopinion%2Fvoices%2F2023%2F05%2F28%2Finflation-government-spending-are-pulling-boomers-out-of-retirement%2F70254240007%2F" target="_blank" rel="noopener">reported</a>. Some 55% of retirees went back to work because they said they needed more money.
The endless crunch since Biden took office &#8212; inflation soared 9.1% in June 2022 year-over-year and housing costs were 8.1% higher in April compared to a year earlier &#8212; has pinched seniors. Of course, Biden and Democrats have done nothing to address skyrocketing health care costs, which means older Americans are being hit from every side.
Plus, Biden and congressional Democrats passed the so-called Inflation Reduction Act, which didn&#8217;t offer a bit of help for the rising cost of food, housing, or energy prices. The latest debt deal passed on Wednesday will also deliver no relief whatsoever.
It&#8217;s been a perfect storm hammering seniors. Along with the soaring cost of living, &#8220;many older adults find themselves in deteriorating financial positions due to massive stock market losses in 2022,&#8221; USA Today reported. Last year, more than $12 trillion in wealth disappeared as the Dow dropped 8%, the S&amp;P 500 19.4%, and Nasdaq 33%.
An AARP <a href="https://www.aarp.org/pri/topics/work-finances-retirement/financial-security-retirement/financial-security-trends-survey-wave2/" target="_blank" rel="noopener">survey</a> late last year found more than a third of people 65 and older said their current financial situation at midyear was worse than a year before. That represented a massive jump from the beginning of 2022, when just 13% of that age group said so.
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To keep pace, Social Security and Supplemental Security Income (SSI) benefits were increased 8.7% at the beginning of 2023, but even that hasn&#8217;t been enough.
This is the danger of having a senile, out-of-touch president who has no clue what living in America is all about. Biden became a multi-millionaire while serving in the Senate and now has chefs &#8212; paid for by you, of course &#8212; prepare his every meal. He doesn&#8217;t have a clue what a dozen eggs or a gallon of gas costs.
And just so you know, there&#8217;s no help on the way. In Biden&#8217;s America, you&#8217;re on your own, and he&#8217;s not even going to try to fix anything.
The views expressed in this piece are the author’s own and do not necessarily represent those of The Daily Wire.
Joseph Curl has covered politics for 35 years, including 12 years as White House correspondent for a national newspaper. He was also the a.m. editor of the Drudge Report for four years. Send tips to josephcurl@dailywire.com and follow him on Twitter @josephcurl.

Senior businessman typing on a laptop in a coworking space

Soaring Bidenflation Forcing Older Americans To ‘Unretire,’ New Poll Finds

Soaring Bidenflation Forcing Older Americans To 'Unretire,' New Poll Finds

elderly

President Joe Biden&#8217;s <a href="https://www.dailywire.com/news/aoc-wants-credit-for-bidens-green-energy-agenda-let-her-have-it" target="_blank" rel="noopener">green energy boondoggle</a> keeps getting bigger by the hundreds of billions of dollars, according to a new study.
On Friday, Just The News <a href="https://justthenews.com/politics-policy/energy/bidens-green-agenda-cost-least-600-billion-more-projected-analysis-says" target="_blank" rel="noopener">reported</a> that a new University of Pennsylvania Wharton School of Business model predicts that the cost of Biden&#8217;s oft-touted climate change bill — the <a href="https://www.dailywire.com/news/hey-neat-spend-1000-on-green-energy-and-the-feds-will-give-you-a-300-tax-credit-to-reduce-inflation-thanks-biden" target="_blank" rel="noopener">Inflation Reduction Act</a> — will now cost the U.S. taxpayers more than $1 trillion.
&#8220;The 2022 Inflation Reduction Act (IRA) contained a range of climate and energy provisions that <a class="link" href="https://budgetmodel.wharton.upenn.edu/issues/2022/8/12/senate-passed-inflation-reduction-act" target="_blank" rel="noopener">PWBM previously estimated</a> to cost $384.9 billion over 10 years,&#8221; Penn <a href="https://budgetmodel.wharton.upenn.edu/estimates/2023/4/27/update-cost-climate-and-energy-inflation-reduction-act" target="_blank" rel="noopener">said</a> in a press release. &#8220;Since that estimate, newer implementation details have emerged, and the fiscal year calendar has moved to start at FY2023. Our updated estimate for over 10 years (FY2023 – 2032) for just the climate and energy provisions is now $1,045 billion.&#8221;
Much of that comes from subsidizing the &#8220;<a href="https://www.dailywire.com/news/shocker-new-york-would-ban-gas-stoves-in-new-buildings-under-potential-budget-deal" target="_blank" rel="noopener">electrification of everything</a>,&#8221; as some have called it. Here&#8217;s exactly what that money will be going toward over the next 10 years:
<ul>
<li>Clean electricity/energy ($263 billion)</li>
<li>Clean Hydrogen ($49 billion)</li>
<li>Carbon Capture, Utilization and Storage ($23 billion)</li>
<li>Advanced Manufacturing ($183 billion)</li>
<li>Clean vehicles ($393 billion)</li>
<li>Biofuels ($43 billion)</li>
<li>Energy efficiency ($28 billion)</li>
<li>Agriculture and forestry ($3 billion)</li>
<li>Energy grants and loans ($37 billion)</li>
<li>Air pollution ($22 billion)</li>
</ul>
Who will be in charge of doling that money out? Democratic lackey John Podesta. Will Podesta make sure that all of that money goes toward American companies? It doesn&#8217;t look likely. In March, he said that Chinese companies will have a big part to play in America&#8217;s energy future.
Even Senator Joe Manchin (D-WV) took issue with Podesta over the comments.
&#8220;It is beyond irresponsible for someone speaking on behalf of the White House to not only condone but also advocate for sending American tax dollars to Chinese companies,&#8221; Manchin told Fox News. &#8220;That is not consistent with either the IRA or the CHIPS + Science Act, which had widespread bipartisan support due to concerns about Chinese supply chains.&#8221;
That Podesta would want to funnel U.S. tax dollars overseas to the Chinese Communist Party shouldn&#8217;t come as much of a surprise. Podesta is good friends with at least one CCP official, Fox News also <a href="https://www.foxnews.com/politics/bidens-new-clean-energy-czar-highest-regard-ccp-official-called-friend" target="_blank" rel="noopener">reported</a> in September 2022.
Other Democratic allies are lining up to make sure they take advantage of the government spending over the next decade. Twice-failed gubernatorial candidate Stacey Abrams is <a href="https://www.dailywire.com/news/stacey-abrams-now-throwing-her-weight-around-with-group-advocating-gas-stove-regulations" target="_blank" rel="noopener">now working with Rewiring America</a>, a group that advocates the heavy regulation of gas stoves, arguing instead for electric appliances.
The founders of Rewiring America — Alex Laskey, Saul Griffith, and Ari Matusiak — have made significant money off government funding in the green energy sphere while advocating for policies that benefit their bottom dollar via the non-profit group.
“It’s a shocking amount of money that they’re hauling in with this scheme of theirs,” Tom Pyle, the president of the Institute for Energy Research, <a href="https://www.dailywire.com/news/stacey-abrams-now-throwing-her-weight-around-with-group-advocating-gas-stove-regulations" target="_blank" rel="noopener">told</a> Fox News. “I call it Big Green Inc. It is literally a business for these guys and they cloak themselves in the mantra of trying to save the planet. But, really, this is just very sophisticated self-dealing.”
It appears that the scheme now has more than a trillion reasons to continue, thanks to the seemingly never-ending price increase of the Inflation Reduction Act.
The views expressed in this piece are the author’s own and do not necessarily represent those of The Daily Wire.

Biden’s Green Energy Boondoggle Keeps Getting Bigger

Biden's Green Energy Boondoggle Keeps Getting Bigger

electric vehicles

Global Warming

Green New Deal

Money

Taxes

Weather

Senator <a href="https://www.dailywire.com/topic/joe-manchin" target="_blank" rel="noopener">Joe Manchin</a> (D-WV) upped the ante in his spat with the Biden administration over the Inflation Reduction Act.
Manchin appeared with Sean Hannity on Fox News Monday night. In the interview, the moderate Democrat complained that the Biden administration and Democrats had neglected the commitments to develop new oil and gas projects he secured in exchange for his vote on the $740 billion Inflation Reduction Act. If the Biden administration continued to neglect American energy security, Manchin threatened to vote to repeal the act he helped to pass.
“They broke their word to the American public,” <a href="https://www.youtube.com/watch?v=AodfJFI9zgs" target="_blank" rel="noopener">Manchin</a> told Hannity, noting that the original draft of the bill he wrote would have cost $684 billion over 10 years, and $384 billion was for energy production.
Manchin went on to stress that the United States has the natural resources to become energy independent. &#8220;We have the gas, and we have the oil, and we have the coal,&#8221; he said. &#8220;We can do it better and cleaner than anywhere in the world. And so, this piece of legislation was balanced. [In the next] 10 years, we are going to have enough fossil [fuel] to run our country and to help our allies around the world, and we will also be investing in new technology for the future. Now, they have disregarded this completely, what was agreed upon, and they know exactly what we agreed upon. This was energy security, and we have not heard a word about energy security out of their mouths since it was passed. It’s all about environment.”
Manchin concluded by saying that if the administration continues to neglect energy production, he will do everything in his power to stop the administration from implementing the law, even if it means voting to repeal the bill he cast the deciding vote for. “If this administration does not honor what they said they would do and continue to liberalize that — $384 billion is what we are supposed to invest in over 10 years, and they blow that out of the water and its six or seven or eight hundred — I will do everything in my power to prevent that from happening,&#8221; he said. &#8220;And if they don’t change, then I would vote to repeal my own bill.&#8221;
In recent weeks, Manchin has repeatedly clashed with the Biden administration over the implementation of the Inflation Reduction Act. In March, Manchin penned an op-ed for <a href="https://www.wsj.com/articles/biden-inflation-reduction-act-betrayal-joe-manchin-debt-ceiling-budget-fossil-fuels-green-energy-dc37738e" target="_blank" rel="noopener">The Wall Street Journal</a> decrying how the administration was redefining the law to favor green energy projects over fossil fuels. “[T]hey are ignoring the law’s intent to support and expand fossil energy and are redefining ​’​domestic energy​’​ to increase clean-energy spending to potentially deficit-breaking levels,&#8221; he wrote. &#8220;The administration is attempting at every turn to implement the bill it wanted, not the bill Congress actually passed​.”
Manchin has also blasted the administration over its new regulations for <a href="https://www.dailywire.com/news/manchin-blasts-biden-admin-over-new-ev-tax-credit-regulations" target="_blank" rel="noopener">electric vehicle</a> tax credits that would reduce the number of vehicles that qualify, while also making America more dependent on foreign supply chains. He also called <a href="https://www.dailywire.com/news/manchin-calls-epas-push-for-electric-cars-a-trojan-horse-to-increase-dependence-on-china" target="_blank" rel="noopener">EPA regulations</a> intended to boost EV sales a “Trojan horse” to increase America’s reliance on China for critical minerals.
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Manchin&#8217;s sudden criticism comes as West Virginia Governor <a href="https://www.dailywire.com/news/west-virginia-gop-governor-set-to-launch-senate-campaign-for-joe-manchins-seat-reports" target="_blank" rel="noopener">Jim Justice</a> announced a run for Senate to oppose him. Justice joins Rep. Alex Mooney in the primary to oust Manchin, who narrowly avoided defeat in 2018.

Representative Tim Ryan And Senator Joe Manchin Visit Pike County Ahead Of Midterm Elections

Manchin Ups The Ante In Feud With Biden Admin, Threatens To Repeal Inflation Reduction Act

Fossil Fuels

Joe Manchin

The <a href="http://dailywire.com/topic/biden-administration" target="_blank" rel="noopener">Biden administration</a> announced on Tuesday that the <a href="https://www.dailywire.com/topic/department-of-energy" target="_blank" rel="noopener">Energy Department</a> and other agencies would create incentives for companies to develop renewable <a href="http://dailywire.com/topic/energy" target="_blank" rel="noopener">power</a> infrastructure in coal communities.
Investment and production tax credits established through the <a href="https://www.dailywire.com/topic/inflation-reduction-act" target="_blank" rel="noopener">Inflation Reduction Act</a>, and significant bonuses offered by the <a href="https://www.dailywire.com/topic/treasury-department" target="_blank" rel="noopener">Treasury Department</a> and the <a href="https://www.dailywire.com/topic/internal-revenue-service-irs" target="_blank" rel="noopener">IRS</a>, will encourage firms to locate new clean power initiatives in “energy communities, particularly coal communities.” Biden administration officials have frequently advocated for a transition away from fossil fuels but have claimed that their emphasis on clean energy will replace lost jobs in the sector.
“President Biden came to the White House to end years of big words but little action to help energy-producing parts of the country, who for decades saw jobs exported out and products imported in, all while other countries surpassed the United States in critical sectors like infrastructure, clean energy, and semiconductors,” the White House said in a <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2023/04/04/fact-sheet-biden-harris-administration-announces-new-clean-energy-projects-to-revitalize-energy-communities-support-coal-workers-and-reduce-reliance-on-competitors-like-china/" target="_blank" rel="noopener">fact sheet</a>. “The actions announced today will drive new investments in energy communities to support their economic revitalization, strengthen American supply chains, and help ensure coal, oil, and gas workers benefit from the new clean energy economy.”
The Energy Department will allocate $450 million in Bipartisan Infrastructure Law funds to support “clean energy demonstration projects” on current and former mine land in coal communities. Another $16 million will finance research at the University of North Dakota and West Virginia University to create a refinery that could “extract and separate rare earth elements and other critical minerals from coal ash, acid mine drainage, and other mine waste.”
Developers in the United States have transitioned away from coal production: nearly one-quarter of the nation’s coal power capacity is slated to be retired by 2029, according to <a href="https://www.eia.gov/todayinenergy/detail.php?id=54559#:~:text=As%20of%20September%202022%2C%20developers,fired%20capacity%20in%20the%20future." target="_blank" rel="noopener">data</a> from the Energy Information Administration, while companies have not reported any plans to construct new coal facilities as of September 2022. The decreased emphasis on coal production and broader move toward green energy comes even as nations such as China and India rapidly <a href="https://www.dailywire.com/news/china-is-full-steam-ahead-with-new-coal-plants-as-the-west-goes-green" target="_blank" rel="noopener">expand</a> their reliance on fossil fuels and increase their emissions.
Critics say that actions from the White House to discourage fossil fuel production will reduce the supply of affordable energy and stifle the economy by destroying employment opportunities. President Joe Biden signed an executive order on the first day of his administration revoking a key permit for the Keystone XL Pipeline; Fox News reporter Peter Doocy subsequently <a href="https://www.dailywire.com/news/peter-doocy-blasts-jen-psaki-when-do-union-workers-get-their-green-jobs" target="_blank" rel="noopener">questioned</a> former White House Press Secretary Jen Psaki on where the thousands of dismissed employees from the project could find their new positions.
“President Biden has proposed a climate plan with transformative investments and infrastructure,” Psaki said at the time, “and laid out a plan that would not only create millions of good union jobs but also help tackle the climate crisis.”
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The White House has meanwhile <a href="https://www.whitehouse.gov/climate/" target="_blank" rel="noopener">established</a> a “whole-of-government effort” to reduce carbon emissions and incentivize green energy production. Beyond the Inflation Reduction Act and the Bipartisan Infrastructure Law, both of which earmarked substantial funds for climate initiatives, regulators have introduced new emissions <a href="https://www.dailywire.com/news/biden-administration-unveils-new-restrictions-on-air-conditioners-despite-backlash-over-gas-stove-restrictions" target="_blank" rel="noopener">rules</a> for household appliances such as gas stoves and refrigerators. Federal officials also <a href="https://www.dailywire.com/news/biden-epa-gives-california-special-authority-to-phase-out-heavy-duty-gas-trucks" target="_blank" rel="noopener">granted</a> the state of California authority to phase out heavy duty trucks powered by gasoline over the next two decades in favor of electric vehicles.

President Biden in Durham

White House Pushes Clean Power In America’s Coal Towns

Biden Pushes Clean Power In America's Coal Towns

Department of Energy

Infrastructure

Sen. Joe Manchin (D-WV) blasted the Biden administration again on Friday for seemingly reneging on another policy from the $740 billion <a href="https://www.dailywire.com/topic/inflation-reduction-act" target="_blank" rel="noopener">Inflation Reduction Act</a>.
In a <a href="https://www.manchin.senate.gov/newsroom/press-releases/manchin-statement-on-treasury-ev-tax-credit-guidance" target="_blank" rel="noopener">statement</a> Friday, Manchin blasted the Biden administration&#8217;s newly-implemented regulations for the electric vehicle tax credit. The IRS proposed new rules Friday that would reduce the number of vehicles which qualify for the $7,500 tax credit, but it would also loosen the restrictions for critical minerals supplied to make the batteries.
“Yet again – the guidance released by the Department of the Treasury completely ignores the intent of the Inflation Reduction Act,&#8221; Manchin said. &#8220;It is horrific that the Administration continues to ignore the purpose of the law which is to bring manufacturing back to America and ensure we have reliable and secure supply chains. American tax dollars should not be used to support manufacturing jobs overseas. It is a pathetic excuse to spend more taxpayer dollars as quickly as possible and further cedes control to the Chinese Communist Party in the process.&#8221;
&#8220;The guidance includes a 60-day comment period and I ask for every American to comment,&#8221; he added. &#8220;My comment is simple: stop this now – just follow the law.&#8221;
Manchin&#8217;s gripe seems to be specifically about one of the new regulations, which loosens some requirements for critical mineral sourcing. Under the Inflation Reduction Act, in order to qualify for the $7,500 tax credit, at least 40% of the critical materials needed in the battery must come from domestic sources or countries that have a free trade agreement with the United States, <a href="https://www.nytimes.com/2023/03/31/business/energy-environment/electric-vehicles-treasury-tax-credits.html" target="_blank" rel="noopener">The New York Times</a> reported; but the <a href="https://public-inspection.federalregister.gov/2023-06822.pdf" target="_blank" rel="noopener">new regulations</a> loosen that requirement to include countries that have a separate Critical Minerals Agreement with the U.S. The proposed rule singles out Japan, which signed a <a href="https://www.reuters.com/business/autos-transportation/us-japan-strike-trade-deal-electric-vehicle-battery-minerals-2023-03-28/" target="_blank" rel="noopener">Critical Minerals Agreement</a> with the U.S. on Tuesday. The new rule also paves the way for more countries to be included in that list.
The Daily Wire <a href="https://www.dailywire.com/news/most-electric-vehicles-wont-qualify-for-inflation-reduction-act-tax-credits-none-will-qualify-in-a-few-years" target="_blank" rel="noopener">reported</a> in 2022 that only about 21 vehicles of the 72 electric car models currently on the road would qualify for the full $7,500 tax credit. The New York Times projected that when the new sourcing requirements go into effect on April 18, even fewer vehicles will qualify for the full credit.
Manchin, who provided the critical vote that pushed the Inflation Reduction Act over the line in 2022, has been sore all week about how the Biden administration has implemented the law. “[​​I]​nstead of implementing the law as intended, unelected ideologues, bureaucrats and appointees seem determined to violate and subvert the law to advance a partisan agenda that ignores both energy and fiscal security​,” Manchin wrote in a <a href="https://www.wsj.com/articles/biden-inflation-reduction-act-betrayal-joe-manchin-debt-ceiling-budget-fossil-fuels-green-energy-dc37738e" target="_blank" rel="noopener">Wall Street Journal</a> op-ed Wednesday. “​Specifically, they are ignoring the law’s intent to support and expand fossil energy and are redefining ​’​domestic energy​’​ to increase clean-energy spending to potentially deficit-breaking levels. The administration is attempting at every turn to implement the bill it wanted, not the bill Congress actually passed​.”
In exchange for his vote, Manchin was also promised a <a href="https://www.dailywire.com/news/manchins-permitting-reform-side-deal-collapsing-as-republicans-blast-bill-and-propose-their-own" target="_blank" rel="noopener">side deal</a> on oil and gas permitting reform by Senate Democratic leadership, but that deal has since fallen apart.
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Former Senator <a href="https://www.dailywire.com/news/pat-toomey-manchin-got-taken-to-the-cleaners-by-dems-on-tax-and-spend-plan" target="_blank" rel="noopener">Pat Toomey</a> (R-PA) predicted in July that Manchin would be disappointed by the bill. “I think he got taken to the cleaners,” Toomey said. “He’s agreeing to all this bad policy.&#8221;

Sen. Joe Manchin

Manchin Blasts Biden Admin Over New EV Tax Credit Regulations

A mugwump is somebody who sits on a fence with his face, AKA the mug, on one side, and his derriere, AKA the wump, on the other. Historically, they are seen as politically independent, with allegiances to neither political party.
It&#8217;s supposed to be a bit of an insult, but Sen. Joe Manchin (D-WV) would like you to believe he&#8217;s a mugwump, despite the fact that he votes with President Joe Biden nearly 90% of the time — especially on big votes such as the Inflation Reduction Act.
Yet in order to stay politically relevant, he has to convince his state&#8217;s voters, who voted for former President Donald Trump by 40 points in 2020, that he is a maverick willing to take on the Democratic Establishment.
Yet rather than put his money where his mouth is, Manchin has taken to the opinion pages of The Wall Street Journal to lament that the Biden administration somehow tricked him into voting for the Inflation Reduction Act. Now, he says that the Democrats are violating what the law was intended to do, dubbing it &#8220;<a href="https://www.wsj.com/articles/biden-inflation-reduction-act-betrayal-joe-manchin-debt-ceiling-budget-fossil-fuels-green-energy-dc37738e" target="_blank" rel="noopener">Biden’s Inflation Reduction Act Betrayal</a>.&#8221;
Anybody with a brain knew that the &#8220;Inflation Reduction Act&#8221; would not <a href="https://www.dailywire.com/news/democrat-inflation-reduction-act-could-slightly-increase-inflation-over-next-two-years-study-finds" target="_blank" rel="noopener">reduce inflation</a>. It was an over-bloated bill packed with special pet projects for the Dems. It was being touted as a &#8220;climate change&#8221; solutions bill even before it was passed. Anybody who knows anything knows that when the left talks about &#8220;climate change&#8221; solutions, they more often than not mean taking action against the fossil fuels industry — which Manchin&#8217;s state relies on for its economy and way of life.
&#8220;Yet instead of implementing the law as intended, unelected ideologues, bureaucrats, and appointees seem determined to violate and subvert the law to advance a partisan agenda that ignores both energy and fiscal security,&#8221; Manchin griped in The Journal.
Well, that&#8217;s sort of the Left&#8217;s entire shtick. The only logic behind their legislative goals is whatever can give Democrats more power. The issue at hand, in this case rising prices and extreme weather, are just window dressing so they can expand the government and enrich their friends.
&#8220;Specifically, they are ignoring the law’s intent to support and expand fossil energy and are redefining &#8216;domestic energy&#8217; to increase clean-energy spending to potentially deficit-breaking levels,&#8221; he continued.
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Manchin prefaces his concerns based on the national debt. He argues his colleagues are radical, and that &#8220;the only person who can rein in this extremism is Mr. Biden.&#8221;
His argument doesn&#8217;t make any sense. Biden is the one who signed the law — as well as other big spending packages that Manchin gleefully supported. Why would he &#8220;rein in&#8221; his party? They are doing exactly what he wanted.
A far more likely scenario is that Manchin now has a viable GOP challenger — current Governor Jim Justice. Justice is a 6&#8217;7, 368 lbs. or so, and the state&#8217;s wealthiest man to the tune of at least $500 million dollars.
In other words, he could be the guy to knock off Manchin.
Yet perhaps Manchin played his cards right and can now count on Democratic support to keep him in the game. &#8220;I vote with you when it matters most,&#8221; one can hear him tell his party coffers in hopes of getting all the funding he needs.
Plus, there is precedent for political kickbacks for Manchin. Keep in mind that Biden <a href="https://www.dailywire.com/news/analysis-shows-how-manchin-helped-move-federal-money-toward-groups-linked-to-wife-report" target="_blank" rel="noopener">already</a> gave Manchin&#8217;s wife a cushy job as federal co-chair of the Appalachian Regional Commission in 2021. That position came around the same time as he cast the 50th vote for Biden&#8217;s American Rescue Plan.
Now, he&#8217;s feigning outrage that he has been bamboozled by his own colleagues.
He doesn&#8217;t deserve any sympathy. He&#8217;s a fool at best for trusting the president, or a charlatan trying to con his state&#8217;s voters into believing that he&#8217;s on their side. Like all things in life, it is probably a combination of the two. He&#8217;s the make-believe mugwump, squarely aligned with the Democrats.
The views expressed in this piece are the author’s own and do not necessarily represent those of The Daily Wire.

WASHINGTON, DC – MARCH 01: Sen. Joe Manchin, D-W.Va., listens as US President Joe Biden delivers his first State of the Union address to a joint session of Congress, at the Capitol on March 01, 2022 in Washington, DC. During his first State of the Union address, Biden spoke on his administration’s efforts to lead a global response to the Russian invasion of Ukraine, work to curb inflation, and bring the country out of the COVID-19 pandemic

Joe Manchin, The Make-Believe Mugwump

Congress

West Virginia

Georgia Democrat Stacey Abrams is back from her world tour, <a href="https://www.dailywire.com/news/stacey-abrams-pops-up-in-nigeria-as-an-election-observer-losing-side-promptly-alleges-rigged-results" target="_blank" rel="noopener">apparently having successfully served</a> as an election observer in Nigeria. The &#8220;<a href="https://www.dailywire.com/news/stacey-abrams-election-denier-denier" target="_blank" rel="noopener">election denier denier</a>&#8221; is now throwing her weight around with an environmental group reportedly connected to some of the recent calls for gas stove bans and regulations.
Earlier this week, Fox News <a href="https://www.foxnews.com/politics/stacey-abrams-getsnew-job-after-election-loss-joins-environmental-group-trying-eliminate-gas-stoves" target="_blank" rel="noopener">reported</a> that Abrams will serve as senior counsel for Rewiring America. In that role, she will help &#8220;launch and scale a national awareness campaign and a network of large and small communities working to help Americans go electric.&#8221;
It would appear that Abrams will help lead the push for the electrification of America.
&#8220;She will also guide the organization as it builds the tools and capacity to connect Americans and their communities to machines, installers, Inflation Reduction Act incentives, and jobs in the clean energy transition,&#8221; the group said.
The group may claim that the effort is being done out of love of Mother Nature, but a cynic — and some might say a realist — would allege that it is one giant cash grab.
Consider that as part of the Inflation Reduction Act, the Biden administration is spending more than $300 billion on green energy initiatives. That&#8217;s a whole lot of moolah up for grabs if you can get in on it early. That money is being steered by <a href="https://www.dailywire.com/news/aoc-wants-credit-for-bidens-green-energy-agenda-let-her-have-it" target="_blank" rel="noopener">uber creep</a> and Democrat staple John Podesta.
Fox News has also previously <a href="https://www.foxnews.com/politics/dark-money-group-pushing-gas-stove-crackdown-significant-financial-stake-green-energy" target="_blank" rel="noopener">reported</a> that the founders of Rewiring America — Alex Laskey, Saul Griffith, and Ari Matusiak — have made significant money off government funding in the green energy sphere while advocating for policies that benefit their bottom dollar via the non-profit group.
&#8220;It&#8217;s a shocking amount of money that they&#8217;re hauling in with this scheme of theirs,&#8221; Tom Pyle, the president of the Institute for Energy Research, told Fox News. &#8220;I call it Big Green Inc. It is literally a business for these guys and they cloak themselves in the mantra of trying to save the planet. But, really, this is just very sophisticated self-dealing.&#8221;
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Nevertheless, Abrams insists that her involvement is purely one of passion.
&#8220;What keeps me awake at night is that the communities who need the help the most and who could benefit the most from this economic opportunity get left out,&#8221; she <a href="https://twitter.com/rewiringamerica/status/1636456613618786319?s=20" target="_blank" rel="noopener">said</a> in a media interview. &#8220;That’s why I am here.&#8221;
Right, surely it has nothing to do with the &#8220;money, money, money, money, money, money, money&#8221; being sloshed around in the green energy world these days, to quote <a href="https://www.dailywire.com/news/at-davos-john-kerry-praises-select-group-of-people-for-saving-the-planet-but-says-they-need-money-money-money" target="_blank" rel="noopener">White House climate czar John Kerry</a>.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
“Money money money money” &#8211; John Kerry <a href="https://t.co/DIfRbGMZqJ">pic.twitter.com/DIfRbGMZqJ</a>
&mdash; David Whitehead 🇨🇦🇳🇱 (@TruthWarriorDad) <a href="https://twitter.com/TruthWarriorDad/status/1615399705621712898?ref_src=twsrc%5Etfw">January 17, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The views expressed in this piece are the author’s own and do not necessarily represent those of The Daily Wire.

HOLLYWOOD, CALIFORNIA – DECEMBER 11: Politician Stacey Abrams speaks onstage during The Hollywood Reporter’s Power 100 Women in Entertainment at Milk Studios on December 11, 2019 in Hollywood, California.

Stacey Abrams Now Throwing Her Weight Around With Group Advocating Gas Stove Regulations

Gas stoves

Stacey Abrams

The <a href="https://www.dailywire.com/topic/budget" target="_blank" rel="noopener">budget</a> proposal submitted by the <a href="http://dailywire.com/topic/biden-administration" target="_blank" rel="noopener">White House</a> on Thursday would add roughly $43 billion in funding to the Internal Revenue Service, also known as the <a href="https://www.dailywire.com/topic/internal-revenue-service-irs" target="_blank" rel="noopener">IRS</a>, months after the <a href="http://dailywire.com/topic/taxes" target="_blank" rel="noopener">tax</a> enforcement agency received $80 billion through the <a href="http://dailywire.com/topic/inflation-reduction-act" target="_blank" rel="noopener">Inflation Reduction Act</a>.
Beyond the $14.1 billion allocated to the IRS, which marks a 15% increase from the previous year, the budget would provide another $29.1 billion in “mandatory funding for enforcement and operations,” according to a <a href="https://waysandmeans.house.gov/never-enough-biden-budget-seeks-absurd-43-2-billion-for-irs-despite-receiving-unprecedented-80-billion-windfall-just-last-year/" target="_blank" rel="noopener">press release</a> from the House Ways and Means Committee. The proposed allocation comes after the IRS received an $80 billion windfall through the Inflation Reduction Act signed by President Joe Biden in August.
Treasury Secretary Janet Yellen <a href="https://home.treasury.gov/news/press-releases/jy1333" target="_blank" rel="noopener">testified</a> before the House Ways and Means Committee on Friday that the funds from the Inflation Reduction Act have resulted in taxpayers receiving “drastically improved customer service” because staffers were equipped to answer “hundreds of thousands more phone calls during this filing season than at this time last year.” House Ways and Means Committee Chairman Jason Smith (R-MO) meanwhile pressed the official over the increased tax enforcement allocation.
“I have to ask: Is this a joke? After a two-year inflation crisis that has cost American workers more than two months of pay, families need every penny they can get,” he said in opening remarks provided to The Daily Wire.
Yellen has previously vowed that the funds from the Inflation Reduction Act would not be used to increase audit rates for households earning less than $400,000 per year “relative to historical levels.” She has <a href="https://www.dailywire.com/news/janet-yellen-vows-irs-audits-wont-rise-for-middle-income-americans-but-theres-a-catch" target="_blank" rel="noopener">failed</a> to clarify that “historical levels” of enforcement were far higher as recently as one decade ago: audit rates for households earning between $25,000 and $200,000 declined 76% between 2010 and 2019, according to <a href="https://www.gao.gov/assets/gao-22-104960.pdf" target="_blank" rel="noopener">data</a> from the Government Accountability Office.
Officials have also claimed that the funds will enable IRS staff to more easily <a href="https://www.dailywire.com/news/janet-yellen-a-strong-irs-is-critical-to-the-economic-success-of-this-country" target="_blank" rel="noopener">assist</a> individuals and businesses attempting to properly file their taxes. The Treasury Inspector General for Tax Administration nevertheless said in a <a href="https://www.dailywire.com/news/irs-has-not-yet-finalized-how-middle-class-will-be-affected-by-80-billion-windfall" target="_blank" rel="noopener">report</a> that the budget for enforcement activities will increase 69% over the next decade while the budget for taxpayer services will increase 9%.
Biden administration officials contend that the more stringent tax enforcement enabled by the additional IRS funds would improve the nation’s fiscal health. The $43 billion allocated to the IRS would decrease the deficit by $134 billion over the next decade.
The overall budget proposal, which suggests an increase in government spending from $5.8 trillion to $6.9 trillion, is also <a href="https://www.dailywire.com/news/more-taxes-and-more-spending-heres-what-you-need-to-know-about-president-bidens-newest-budget" target="_blank" rel="noopener">marked</a> by a number of tax hikes on wealthy individuals and businesses. Households with more than $100 million in wealth would be subjected to a 25% minimum tax, while the top marginal tax rate would also be increased to 39.6% from the current 37% rate. Businesses would see an increase in the corporate tax to 28%, which would split the difference between the current 21% rate and the previous 35% rate that was in effect before the Tax Cuts and Jobs Act of 2017.
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The additional $43 billion for the IRS is unlikely to pass the House of Representatives, which recently <a href="https://www.dailywire.com/news/new-republican-house-votes-to-repeal-the-democrats-army-of-87000-irs-agents" target="_blank" rel="noopener">voted</a> to repeal the $80 billion offered to the IRS by the Inflation Reduction Act. Senior Republican officials have likewise <a href="https://www.dailywire.com/news/dead-on-arrival-republicans-slam-biden-budgets-higher-taxes-and-spending" target="_blank" rel="noopener">announced</a> that they would oppose the budget proposal.
“President Biden just delivered his budget to Congress, and it is completely unserious. He proposes trillions in new taxes that you and your family will pay directly or through higher costs,” House Speaker Kevin McCarthy (R-CA) remarked. “Washington has a spending problem, not a revenue problem.”

President Biden Returns To The White House From Pennsylvania

‘Is This A Joke?’: Biden’s Budget Increases IRS Funding By $43 Billion Only Months After $80 Billion Windfall

Biden's Budget Increases IRS Funding By $43 Billion Only Months After $80 Billion Windfall

Budget

Internal Revenue Service (IRS)

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