The Real Truth Behind the Biden Budget Double-Talk – New York Sun

To double-cross or not to double-cross. That is this evenings question. Ive already written about it once, but its a major moment. An hour after allegedly making a bipartisan infrastructure deal with ten senators, including five Republicans, Mr. Biden then walked away and threatened not to sign it.

That is, the President took the podium by himself (always tricky business with Mr. Biden) and basically said if he doesnt get his $4 trillion Green New Deal, high-taxed, entitlement state through a 51 vote reconciliation hes not going to sign the infrastructure deal. He said but if only one comes to me, Im not. This is only when it comes to me. Im not signing it. Its in tandem.

In other words, he would insist on linkage. He never really used the word veto, but linkage was clear. Now, despite what some prominent Republicans said on television yesterday, I dont think Uncle Joe Biden has walked anything back. He can walk back a veto because he never explicitly used the word veto.

No matter how much White House aides have tried to re-spin this, though (and Ive been there, done that), Im arguing nothing has changed. My Senate Republican friends had best wise-up to that.

On Friday, after Mr. Bidens supposed walk back, Madam Psaki said that Mr. Biden expected these initiatives would move forward on a dual track. Thats Psaki 1 Friday night. Additionally, well call it Psaki 1-a, Mr. Bidens press secretary said, the President will leave it to leaders in Congress to determine the timeline and the sequencing.

Reporter: Is he going to wait for both of them to land on his desk before signing the bipartisan package, waiting for the reconciliation package to come through?

Ms. Psaki: He fully expects, hopes, plans to sign both into law, and he will leave it to leaders in Congress to determine the timeline and the sequencing.

Today, Madam Psaki call her Psaki 2 said the President intends to sign both pieces of legislation into law. As you know, they are both moving forward in dual tracks... The leaders in Congress are ensuring that is happening.

So I dont see much difference between Psaki 1, Psaki 1-a, and Psaki 2. The key word here is dual tracks, as in you want a bipartisan infrastructure bill? I want the American family plan. Both.

In addition, on one of the Sunday talk shows, Mr. Bidens senior adviser, Cedric Richmond, when asked if the President would sign an infrastructure bill on its own without reconciliation, Mr. Richmond said, I dont think its a yes-or-no answer.

Then there was this:

Jake Tapper: If it happens, if the bipart infrastructure bill lands on his desk on its own, if that were to happen, he would sign it? Yes or no?

Mr. Richmond: I dont think its a yes-or-no question. We expect to have both bills in front of us to sign. And I expect that President Biden will sign the infrastructure bill, he will sign the families plan.

Now, heres one technical point. In regard to President Bidens original package of roughly $6 trillion in additional spending and up to $4 trillion in additional taxes, just to review the bidding, the first leg was the $2 trillion covid relief plan.

That, we now know given the booming economy and the rise of inflation shouldve been a non-starter. Most of the country now believes the federal plus-up in overly generous unemployment benefits was a detriment to the economy.

The second part of the Biden package, roughly estimated at $2.3 trillion dollars included a small piece called infrastructure and a very, very, large piece to implement the Green New Deal and to raise taxes across the board to finance it. Prominent in this tranche was hiking the corporate income tax, which now includes the Group of Seven global minimum tax as part of the Biden-Yellen tax surrender and also a domestic minimum tax.

The third piece of the Biden pre-Berlin wall coming down, Bulgarian Green Workers Paradise utopia consisting mainly of a wave of new entitlements and other income transfers to be made permanent. They would be financed by a series of brutal income tax increases and a doubling of the capital gains tax and a whopping increase in the inheritance tax by eliminating the step-up basis for capital gains at death.

So you have $1.9 trillion Covid plunge, a $2.3 trillion American worker plan, and $1.8 trillion American family scheme coming to a tidy $6 trillion and something like $4 trillion in tax hikes. Which will throw a wet blanket over the Trump boom were experiencing and yield massive lower tax revenues as a consequence of higher tax rates, per the Laffer Curve.

Stuck in there some place is this $80 billion in money on IRS agents, which is supposed to generate $700 billion from tax cheats like Warren Buffet, Jeff Bezos, George Soros, Mark Zuckerberg, Bill gates, and other liberal tax cheats. I feel their pain.

So at this point Im still in the camp that believes Uncle Joe double-crossed the GOP. It was bait and switch. All were hearing is blue smoking mirrors from not-so-clever White House aides who are frantically attempting to hide the truth.

Whats the truth? President Biden is still held hostage by the ultra-left, progressive wish list of Senator Bernie Sanders, House member Alexandria Ocasio-Cortez, and the Squad. If Republicans keep their wits about them, they can whoop this. Because the country is not behind it.

________

From Mr. Kudlows broadcast on Fox News.

Continued here:

The Real Truth Behind the Biden Budget Double-Talk - New York Sun