Biden says the “inflation” law funds health care, “God knows” in strange talk

President Biden sounded unfamiliar Monday with the details of the massive spending bill called the Inflation Cuts Act passed by Democratic senators on Sunday, saying it funds health care “and God knows what else.”

Moments ago, Biden missed the scale of last year’s $1.2 trillion bipartisan infrastructure law while touring flood damage in the small Kentucky village of Lost Creek.

“We haven’t done this before, but because of a number of things we’ve done on a bipartisan basis — like a $1.2 billion infrastructure project — like what we’re doing today, we went through yesterday, helping take care of everything from health care to God knows what. Also,” Biden said.

“What we will do is – we will see, for example, they have to put a new water line in the community,” the president continued, speaking without a prepared text.

Joe Biden
While President Biden toured flood damage in Kentucky, he said the recently passed Senate inflation-reduction law funds health care and “God knows what else.”
AP

“There is no reason why at the same time they should not dig a line that puts in an entirely new modern line of Internet communications. Why? Why can’t we do that? So it will be different. We will come back better than before.”

Biden spoke for just four minutes as he stood in front of a convicted mobile home on his first official trip since recovering from a “rebound” case of COVID-19.

At one point in his remarks, Biden suggested that it might become possible to control the weather, before jokingly telling his audience, including the Democratic governor. Andy Bashir and MP. Hal Rogers (Republic-Kentucky), It’s time to “run”.

Joe Biden
Biden incorrectly stated last year’s $1.2 trillion bipartisan infrastructure spending bill during his speech.
Reuters

“We are all Americans. Everyone has a duty to help. We have the ability to do it. It’s not like it’s out of our control. The weather may be out of our control right now. But it’s not out of our control,” Biden said.

Biden’s remarks about the Senate-passed package were marked by conservatives, who said Biden confirmed their argument that the bill was not about reducing inflation, which rose to an annual rate of 9.1% in June.

RNC Deputy Director of Rapid Response Kyle Martinsen tweeted, “Biden basically acknowledges that the ‘Inflation Cuts Act’ is not intended to lower inflation.

Joe Biden
The legislation passed Sunday contributed nearly $400 billion to environmental programs to combat climate change.
Reuters

re \ come back. Claudia Tenney (R-NY) Wrote‘God knows what else’ means whatever the far left wants in the bill and all the extra ham [Democratic Sens. Joe] mansion [of West Virginia] And the [Kyrsten] Cinema [of Arizona] Need to reach “yes”.

A number of social media users have also written that they believe the inaccurate description of the 79-year-old president was a reflection of cognitive decline.

Biden, whose defenders have noted he has been error-prone for decades, last week mistakenly referred to himself as “Vice President,” before quickly correcting himself, incorrectly telling a Massachusetts audience last month that he had cancer, forcing aides On saying he’s been referring to skin cancer for years.

The Inflation Reduction Act is expected to pass the House early Friday and save nearly $400 billion for environmental programs, including tax credits of up to $7,000 for the purchase of electric vehicles, and about $64 billion for a generous COVID-19 extension. . Obamacare subsidies.

A large portion of the new spending includes grants and loans to support manufacturing related to renewable energy, including $62 billion to support manufacturers of solar panels, wind turbines, batteries and electric vehicles, and another $30 billion for state projects and electric utilities.

Another $27 billion goes to the Clean Energy Technology Accelerator to reduce emissions, $20 billion is earmarked for “climate-smart farming practices” and $10 billion will support improving home energy efficiency for low-income dwellings.

The bill includes $9 billion for federal green energy purchases, including $3 billion for electric vehicles for the US Postal Service.

The new spending is offset by new corporate taxes, including a new 15% minimum tax, increased IRS enforcement and allowing Medicare to negotiate drug prices directly.

The bill’s title refers to the fact that inflation has repeatedly hit 41-year highs this year – and may do so again when the July CPI is released on Wednesday. Biden’s critics and some economists say government spending – including the $1.9 trillion US bailout bill for Biden, which was passed last year without Republican support – is effectively printing money, making it less valuable.

Senate Republicans criticized the bill and voted unanimously against it on Sunday, forcing Vice President Kamala Harris to break a 50-50 tie on the package.

“The Orwellian called ‘Inflation Cuts Act’ would do nothing of the sort, as a number of prominent experts and economic policy groups have pointed out,” Ron Johnson (a Whiskey Republican) said after the bill passed the Chamber. “Ben Wharton’s budget model, the Tax Foundation, and the Congressional Budget Office all found that the bill wouldn’t reduce inflation and could make it worse. The IRS would double in size, and it would unleash 87,000 new enforcement agents for American families… [and the] The Nonpartisan Joint Committee on Taxes says that 78% to 90% of revenue collected from wrongly reported income is likely to come from those who make less than $200,000.”

Meanwhile, Democrats celebrated the bill, which revived key components of Biden’s long-stalled $2 trillion bill to build back better.

“Joe Biden’s running for president promises to grow the middle class, tackle the existential threat of the climate crisis, and restore America on the world stage,” White House communications director Kate Bedingfield said on Twitter. “There’s a lot to do – but it’s just a reminder when he gives you his word as Biden, he’s not messing around.”

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