Joe Biden’s administration is crashing up against the rocks.
Scandals and crises multiplied.
Now Joe Biden is about to face this humiliating defeat that he never saw coming.
Joe Biden’s next legislative priority is a four-trillion-dollar boondoggle to impose the Green New Deal and socialist welfare programs on America.
The trillions in new spending are paired with three trillion dollars in new tax increases.
Corporate media polls—with carefully worded questions to ensure the highest possible support—show broad public approval for Biden’s socialist spending and tax plans.
But once again the polls appear to be wrong.
The Democrats who have to win elections are not so keen on running in 2022 on Joe Biden’s trillions in spending and tax hikes.
The Washington Post reports:
President Biden’s desire to offset more than $4 trillion in spending proposals with higher taxes is struggling to gain momentum in Congress.
Pockets of skepticism have emerged within Biden’s party over White House plans to raise the corporate tax rate, revamp the international tax system and double tax rates on wealthy investors, among other measures critical to the administration’s plans. The party faces regional divides over taxes as well, with farm-state Democrats skittish about taxes on heirs and coastal Democrats demanding the repeal of limits on state and local tax deductions, which would amount to an expensive tax cut that would require higher taxes elsewhere.
Democrats that represent agricultural interests are skittish on Biden’s plan to raise the step-up tax, which raises taxes on passing assets on to heirs.
This massive new tax hike threatens to prevent the ability to pass down family farms to the next generation.
The Washington Post reported Democrats are not keen on Biden’s plan to double taxes on investment income.
Democrats have a narrow majority where they can only afford to lose a handful of votes in the House of Representatives and cannot afford any defections in the Senate.
The greatest threat to Joe Biden’s legislative priority does not come from the Republicans or the Senate filibuster.
Biden’s four-trillion-dollar spending and three-trillion-dollar tax scheme face collapse because Democrats can’t unite around Biden’s plans.
The main reason Democrats can’t yet find 218 votes in the House and 50 votes in the Senate for Biden’s socialist tax and spending plan is because many Democrats are worried backing this ploy to reorder American life using the tax code and the Green New Deal would cost Democrats both houses of Congress next November.
In 1994 Democrats lost both the House and Senate after voting for Bill Clinton’s tax hikes and stimulus spending.
Many in Joe Biden’s party fear a repeat as Joe Biden pushes the largest tax and spending hikes in American history.
The April jobs report which showed just 266,000 jobs created when the forecasters expected 1,000,000 new jobs sent a shiver down the spines of Democrats up for re-election in 2022.
That dismal jobs report refocused attention on Joe Biden’s economic policies.
Biden’s massive spending already spiked inflation and another four trillion dollars in spending will only further devalue the dollar.
Democrats are worried that if they toss trillions of dollars in tax hikes into the mix it will only serve to depress job growth.
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