Showing posts with label Inflation Reduction Act. Show all posts
Showing posts with label Inflation Reduction Act. Show all posts

Thursday, November 13, 2025

Another costly Biden program bites the dust

IRS Closes Down Free Direct File Service

A Treasury report found that 0.5 percent of 146 million tax returns for tax year 2024 were filed via the program.

Sen. Ron Wyden (D-Ore.), the ranking member on the Senate Finance Committee, released a statement on Nov. 6 criticizing the IRS’s decision. He said the program should remain in effect for the 2026 filing season, which is slated to start in January 2026.

Direct File was rolled out as a pilot program in 2024 for the 2023 tax year after the IRS was tasked with looking into how to create a filing system under the Inflation Reduction Act that was signed into law by President Joe Biden in 2022.

“I wrote the bill that created Direct File because the existing free options were insufficient and the big tax prep companies had been caught red-handed using deceptive practices to scam taxpayers into overpaying,” Wyden said.

“Direct File had low overall participation and relatively high costs and burdens on the federal government, compared to other free filing options,” the report stated.

It noted that less than 0.5 percent of all 146 million tax returns that were filed for tax year 2024 were submitted through the Direct File program, which cost the federal government about $41 million for that year.

Read more...

Thursday, January 23, 2025

Democrats wrote a loophole to let the wealthy lease a Rolls-Royce with taxpayer money

A top Republican exposed one terrible giveaway to Hollywood that left Joe Biden squirming

Joe Biden spent billions trying to take care of his donors and political allies.

Biden stole from seniors to help out some of the wealthiest people in the country.

And a top Republican exposed one terrible giveaway to Hollywood that left Joe Biden squirming. U.S. Senator Bernie Moreno (R-OH) owned car dealerships in the Cleveland area before he was elected last year.

Former President Joe Biden made boosting the struggling electric vehicle industry one of his top political priorities. The price of the 2025 Rolls-Royce Spectre starts at $422,750.

His Inflation Reduction Act stole money from Medicare to help fund a $7,500 tax credit to buy or lease electric vehicles.

Read more about crooked Joe Biden

Tuesday, February 20, 2024

Imports of Chinese Lithium-ion batteries Skyrocketing into the U.S.

Biden Administration Oversaw a More Than 500% Increase in Chinese Lithium Battery Imports Since Taking Office

Since President Joe Biden took office, imports of Chinese lithium batteries have seen a drastic increase of over 500%. This surge in imports has come after President Biden signed the Inflation Reduction Act into law. The bill was intended to enhance America’s ability to compete with China in the battery industry, a goal that seems to have backfired.

The Biden administration’s flagship climate bill included various subsidies to support the transition to a green energy economy. However, despite these efforts, China’s dominance in the global supply of rare earth materials has resulted in a significant increase in imports of Chinese electric vehicle components and lithium-ion batteries.

These components are crucial for the production of electric vehicles and other green energy technologies.

So, another policy of Biden has gone nowhere.

Read about it...

Sunday, October 16, 2022

Biden's Inflation Reduction Act has little to do with Inflation

John Kerry Accidentally RATS OUT BIDEN… WOW

He shamelessly admits he doesn’t think Inflation Reduction Act has ‘much’ to do with inflation

U.S. special presidential climate envoy John Kerry just sold out Joe Biden in the worst way.

Ever since the Inflation Reduction Act came across Biden’s desk, he has been touting it as a way to reduce inflation.

Kerry was asked about the bill and admitted it has almost nothing to do with inflation.

While speaking at the International Energy Agency’s Global Clean Energy Action Forum, Kerry gave it all up.

Read more...

Sunday, August 21, 2022

Governor DeSantis Replies to Biden's Inflation Reduction Act

Governor DeSantis: Inflation Reduction Act Is ‘Middle Finger’ To Americans

On Wednesday President Biden signed the falsely titled, Inflation Reduction Act, as it does not reduce anything in the bill but instead increases the number and spending on climate change initiatives as well as massively expanding the IRS.

It includes billions of dollars to double the number of agents working for the tyrannical collection agency. He warned that the feds want to “unleash” the fleet of new agents on the American taxpayers, calling it “so, so” wrong.

“Fortunately, you know, that’s one of the reasons we don’t have an income tax [in Florida] is because if you don’t have an income tax, you don’t empower revenue agents,” he said, warning that it is “going to be targeted at people that the government doesn’t like.”

Read more...

Saturday, August 20, 2022

Lease Sale 257 is reinstated and high bidders must get their lease

Biden Revives Biggest Offshore Oil, Gas Lease Sale in US History

Has anyone heard about this on the mainstream news? NO? It's because no one knew what the hell is in the bill.

When President Joe Biden signed the Inflation Reduction Act into law on Aug. 16, his signature opened the door to reinstating the largest oil and gas lease sale in U.S. history, which had been blocked by a court because of climate impact concerns.

The legislation contains a provision that reinstates the previously halted Lease Sale 257, the biggest offshore oil and gas lease in U.S. history, spanning nearly 81 million acres in the Gulf of Mexico.

Lease Sale 257, which sold at auction for $192 million in March 2019, was challenged by environmental groups, which argued that the sale violated federal law by relying on an inadequate environmental impact review that failed to accurately consider greenhouse gas emissions.

The law requires the government to reinstate $192 million in leases in the Gulf of Mexico that were blocked by another court ruling last year. And it requires two more sales in the Gulf and one in Alaska before October 2023. Those sales had been canceled under Biden. The provision reviving them was inserted into the law at the insistence of West Virginia Democratic Sen. Joe Manchin, an advocate for fossil fuels.
Read about it...

Wednesday, August 10, 2022

$740 Billion Grab Bag at odds with Reality

The Democrats' New Inflation Bill Includes Tax Credits for Electric Vehicles That Don't Exist

Even Democrats are criticizing the bill's unrealistic expectations

If that's the case, why did every single Democrat pass the bill?

After a marathon overnight session, the Senate passed the Inflation Reduction Act on a party-line vote Sunday. The bill apportions $740 billion for a grab bag of Democratic spending priorities in the name of combating inflation. One item on the list: tax credits for purchasing electric vehicles (EVs).

There's a problem: No cars exist that qualify for the credits.

Read about all the problems with the Inflation Reduction Act and EV's

Wednesday, August 3, 2022

Manchin being coy on Mid-Term 2022 and General Election 2024

WHOA: Manchin Refuses to Rule Out Voting Republican in 2024

Team Biden suffered yet another embarrassing blow on the domestic front over the weekend, this one being delivered by Senator Manchin of West Virginia, a persistent thorn in Biden’s side due to his refusal to back some of the worse Democrat ideas, particularly on the spending front.

This time, Manchin embarrassed Biden by saying, during an interview with ABC’s John Karl, that he couldn’t even rule out voting Republican in 2024, an election that Biden is seemingly planning on running in despite his advanced age and terrible year and a half as president.

Can't believe he voted for The Inflation Reduction Act of 2022. He believes this won't cause more inflation!

Read about Manchin