Steve
@atheist2004
Ex-Mormon, ex-Navy, secular humanist. As a species and as individuals, I believe we can do better.
ID: 299074732
15-05-2011 13:22:58
17,17K Tweet
1,1K Followers
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66% of big companies are making higher profits now than before the pandemic. Make no mistake: Companies aren't raising prices because of inflation or supply-chain issues. They're using that as an excuse to raise profits and hope you'll fall for it businessinsider.com/corporations-u…
The BBB's cost of $367B will be offset by $480B in revenues from tax enforcement (per Treasury), resulting in a net deficit REDUCTION of $113B. Yet Republicans won't vote for this bill, even though they voted for the 2017 tax cut that the CBO said would ADD $1.4T to the deficit.
This comes just one day after @GOPLeader announced his intent to reward white supremacist members of Congress who incite violence. Same party who just appointed 200+ judges, many unqualified, to federal courts- 70% of whom were white men. And that’s just scratching the surface.
When Senator Joe Manchin cites inflation as a reason he’s against BBB, let’s remember economists have pretty uniformly said that BBB will help reduce inflation. And when people make false excuses, it’s usually because they are hiding the true reason.