New York City is one of the most expensive markets worldwide. Due to surging housing costs, high taxes and the negative effects of COVID-lockdowns, a rising number of New York residents are fleeing the Big Apple.
Although our legacy media have dutifully described the Chuck Schumer (D-N.Y.)/Joe Manchin (D-W.Va.) climate bill as the “Inflation Reduction Act,” it’s no stretch to call that a misnomer.
House Minority leader Kevin McCarthy (R-CA) took to Facebook Wednesday to shame those Republicans remaining quiet “while Democrats in Washington are abusing their power[.]”
Americans for Tax Reform (ATR) has listed several taxes in the so-called “Inflation Reduction Act” that passed the Senate on Sunday — which Democrats now hail as a “climate” bill, since the Congressional Budget Office says it will hardly reduce inflation.
President Joe Biden promised on Thursday that the so-called “Inflation Reduction Act” wouldn’t raise taxes on Americans making less than $400,000 a year. But, in fact, the bill would increase taxes collected from the American people by more than half a trillion dollars, affecting both rich and poor alike.