Democrats will slit their own political throats if they pass the Manchin-Schumer bill

[zinn]

By embracing the Manchin-Schumer tax-and-spend bill, congressional
Democrats are poised to commit political hari-kari in the middle of an
election year.

The public is clamoring for virtually nothing contained in this bloated
bill, which meanwhile contains all sorts of provisions that will infuriate
large blocs of voters.

The single most destructive element of the bill, and also by far the
stupidest politically, would make taxpayers give an additional $80 billion
in the next decade to the IRS — the vast majority of it to hire 87,000
more agents and conduct a massive increase in audits that will harass
lower-earning taxpayers more than rich ones. The anti-Democratic
television ads based on this provision will all but write themselves, and
they will be politically devastating.

This bill breaks President Joe Biden’s endlessly repeated promises that he
won’t agree to any tax hikes on people making less than $400,000 annually.
The bipartisan Congressional Joint Economic Committee itself estimates
that people earning less than $200,000 will pay (on aggregate) $16.7
billion in additional taxes next year alone. This tax hike comes as
Bidenflation diminishes their living standard.

The bill’s new, 15% minimum corporate tax, meanwhile, will do less to nab
big corporations than it will to impose a significant tax hike on more
than a million American small businesses. Some 17,000 of those small
businesses are in Arizona, where Democrat Mark Kelly faces a tough
reelection battle, while 22,000 are in Colorado, where Democrat Michael
Bennett’s seat is threatened.

Even more politically self-destructive is the bill’s new 16.4-cent-per-
barrel tax on crude oil, which will be passed directly to consumers. With
drivers already enraged about high prices at the pump, Democrats are
asking for a thrashing by adding this levy.

The bill is bizarrely named the Inflation Reduction Act, but that’s akin
to a fudge brownie mix being labeled the Weight Reduction Dessert.
Economists at the University of Pennsylvania’s Wharton Business School
project that, overall, “the Act would very slightly increase inflation
until 2024.” Yes, increase.

Meanwhile, cancer patients and their families will be apoplectic to learn
that the bill could deter the offering of life-saving drugs. Low-income
workers relegated to public transportation won’t be happy to know the bill
provides what columnist Deroy Murdock aptly calls “$9 billion to help rich
people buy electric cars.”

In sum, very few voters want the government spending even more money right
now, especially on the things the Democrats would spend it on — and almost
nobody wants taxes raised on anybody, especially on small businesses, just
as the economy enters a recession combined with high inflation.

What Democratic Majority Leader Chuck Schumer is doing is the political
equivalent of George Custer leading 258 men to die at Little Big Horn,
except without Custer’s flowing locks, gaudy uniform, or able
horsemanship. It boggles belief that at least a few congressional
Democrats aren’t savvy enough to hang back and avoid a massacre.

https://www.washingtonexaminer.com/opinion/democrats-will-slit-their-own-
political-throats-if-they-pass-the-manchin-schumer-bill