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The Biden-Harris Plot to Steal From Seniors to Fund the Green New Deal

5 24
17.08.2024

Although Kamala Harris continues to spout false claims that former President Donald Trump wants to cut Medicare funding, the vice president herself cast the tie-breaking vote on Democrats’ scheme to siphon more than $200 billion away from Medicare to fund the left’s “Green New Deal” fantasies. As Trump and other conservatives continue to hammer this point, it could become a major vulnerability for Harris – particularly with high-propensity senior voters – in the final weeks of the campaign.

In 2022, in her role as President of the Senate, Harris broke a 50-50 deadlock in the upper chamber on the egregiously misnamed the “Inflation Reduction Act” (IRA), which President Joe Biden signed into law. That bill effectively makes gigantic cuts to Medicare to provide lucrative subsidies and handouts to Democrats’ allies in the “green” energy industry.

Thomas Phillipson, an economist at the University of Chicago and former chairman of the White House Council of Economic Advisors, estimates that the IRA will result in $237 billion in cuts to Medicare by 2031. “The Inflation Reduction Act’s poorly conceived government price-setting will disrupt access to medicines for millions of Medicare patients with diabetes, cancer, atrial fibrillation, rheumatoid arthritis and other diseases,” he warns. “The law’s price controls are likely to........

© Townhall


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