Democrats pass their tax Gestapo bill

 Washington Examiner:

...

The bill passed along party lines in a 220-207 vote and includes allowances for Medicare to negotiate some drug prices, price caps on insulin for Medicare recipients, the largest climate provision ever undertaken, increases on some corporate taxes, and an expansion of the Internal Revenue Service. It will quickly come before Biden, who will sign the bill and secure another legislative victory for his agenda and for Democrats to tout before the midterm elections.

...

The legislation was set to spend $433 billion over 10 years and raise nearly $740 billion, though the final analysis amid tweaks during its passage in the Senate on Sunday has not yet been released. Democrats have touted that it would decrease the deficit and address kitchen-table issues, while Republicans raised serious concerns over the bill for potentially increasing taxes on those making less than $400,000 a year and hiring 87,000 IRS employees. (Emphasis added.)

...

It will actually increase taxes on those making $200,000 or more.  With the Democrats' inflationary spending more people are probably falling into that bracket. 

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