Republicans SCHOOL ABC on How BBB Is ‘Bad, Bad, Bad’ for the Middle-Class

On Sunday’s This Week, Republicans taught ABC the 123s of how President Biden’s so-called Build Back Better (BBB) agenda was harmful to the middle-class and largely benefited more affluent Americans in blue states. Between Senator Bill Cassidy (Republican-LA) as well as former New Jersey Governor Chris Christie’s, ABC’s chief anchor George Stephanopoulos and Clinton lackey George Stephanopoulos were in for some rough times.

After pressing Cassidy, who’s a doctor, about vaccinations, Stephanopoulos leaned on White House talking points to push back on his guest’s opposition to the Build Back Better bill. “But you’re against the Build Back Better plan. You claim it will fuel inflammation. The administration’s put forward 17 Nobel Prize-winning economists that said it won’t,” he noted.

Cassidy quickly responded by pointing out that the cherry-picked economists had been looking at an obsolete version of the bill. “If you go back, Glenn Kessler in The Washington PostThey looked at him. They said that was the bill they had then, not the bill they have now,” he said.

He also came armed with new analysis that proved how “bad, bad, bad” BBB actually was for the national debt and how the tax cuts only benefited the wealthy, raise prices on gasoline, and would allow federal control of preschools (Click “expand”):

Wharton School of Business provides a much better analysis. According to their analysis, it generates $1.53 Billion in new revenues. But as it’s probably going to be implemented, those things that don’t sunset – that are supposed to sunset don’t, it’s going to cost $4.65 trillion. The federal government will pay $4.65 trillion more.

George! Tax cuts for billionaires account for one-third of these expenditures. Corporate welfare is also available. The price of gasoline will rise at most by around 20 cents per gallon. The federal government begins to dictate how you child’s pre-school is run and what the curriculum looks like.

 

 

Stephanopoulos continued by accusing Republicans of the need to increase the debt limit. Cassidy then called out Cassidy for omitting that Republicans had been locked out.

The Senator busted out the facts once more to explain to ABC’s viewers how the more affluent would benefit from electric car tax credits:

The tax cuts that the bill offers billionaires would be unacceptable to me. If you make $500,000 per year, and purchase an $80,000 electric car, this bill provides corporate welfare. You can receive a credit equivalent to $7,600 or $12,000. What? What? Republicans wouldn’t agree to that. And yet, now we’re being asked to increase the debt limit to pay for it. That’s not a fair deal.

Stephanopoulos used a similar approach to Christie in later hours, accusing Republicans, who were hypocrites regarding tax cuts only for the wealthy, and tried the same tactic.

Christie’s retort point out the “ideological” “hypocrisy” of Democrats of helping only the wealthy with tax cuts:

So, I think what they’re seizing on is the ideological inconsistency, some would say hypocrisy, of saying you’re for these folks, but on the other hand – Let me tell you, the average property tax bill in New Jersey is $8,000 a year. The current SALT limit allows everyone who pays the New Jersey average property tax to fully deduct it. The people with higher incomes are those who will benefit in New Jersey. This is not the Democratic hymnal.

“So, when you’re speaking – you know this George, when you’re in politics And they’re speaking against brand, people kind of raise an eyebrow. And the SALT – lifting of the SALT cap is against brand Democrat moment and the Republicans are going to seize on it,” he said.

ABC’s poor attempt to defend President Biden’s Build Back Better Agenda was made possible because of lucrative sponsorships from Ring and Down. This link will take you to their contact information so that you can inform them about the bias news they finance.

Below is the transcript. Click “expand to see:

ABC’s This Week
November 28, 2021
Eastern, 9:15:58

(…)

GEORGE STEPHANOPOULOS – You have heard the Senator Klobuchar speak about his Build Back Better Plan. It is her belief that the Democrats will get it done by this month. You voted in favor of the bipartisan infrastructure bill. You’re opposed to the Build Back Better plan. But you claim it will cause inflammation. The administration’s put forward 17 Nobel Prize-winning economists that said it won’t.

SEN. BILL CASSIDY (R-LA): So, those 17 – If you go back, Glenn Kessler in The Washington PostThey looked at each other. They replied that they were referring to the bill that they had back then and not the one they are currently using. And they point out that if you’re going to avoid inflation that you’ve to pay for it.

Wharton School of Business provides a much better analysis. According to their analysis, it generates $1.53 Billion in new revenues. But as it’s probably going to be implemented, those things that don’t sunset – that are supposed to sunset don’t, it’s going to cost $4.65 trillion. The federal government will pay $4.65 trillion more.

George! Tax cuts for billionaires account for one-third of these expenditures. Corporate welfare is also available. The price of gasoline will rise at most by around 20 cents per gallon. It also begins to create federal guidelines regarding how preschool should be run, and even the curriculum.

Is there anything not to like? This is a terrible, horrible, awful bill.

STEPHANOPOULOS : I mentioned tax cuts. Under President Trump, Republicans approved a massive tax cut. That’s one of the things extending the debt limit has to pay for. So what are your thoughts on extending debt limits?

CASSIDY: Yeah. The debt limit was the product of past bipartisan negotiations. The debt limit and spending are both bipartisan. Republicans were not invited to this meeting, if you didn’t notice.

The tax cuts that the bill offers billionaires would be unacceptable to me. If you make $500,000 per year, and purchase an $80,000 electric car, this bill provides corporate welfare. You can receive a credit equivalent to $7,600 or $12,000. What? What? Republicans wouldn’t agree to that. And yet, now we’re being asked to increase the debt limit to pay for it. That’s not a fair deal.

(…)

Eastern, 9:37:50

STEPHANOPOULOS – Let me ask Chris Christie. This is important not only for New Jersey, but also for the entire state. It is fascinating to see Republican senators, who voted to cut the massive tax burdens under Trump’s presidency, complaining about tax reductions in the Democratic bill.

CHRIS CHRISTIE (Chris): What I see is that there’s an ideological contradiction. Right? So that the Democrats are saying, you know, “we’re for the middle class folks.” In New Jersey, the middle-class folks – despite our high property taxes, the highest in the country – they will not be the ones who get the majority benefit from bringing the SALT cap tax back as a deduction. The highest income people who have to pay the most state and local taxes will get the greatest benefit.

So, I think what they’re seizing on is the ideological inconsistency, some would say hypocrisy, of saying you’re for these folks, but on the other hand – Let me tell you, the average property tax bill in New Jersey is $8,000 a year. The current SALT limit allows everyone who pays the New Jersey average property tax to fully deduct it. The people with higher incomes are those who will benefit in New Jersey. This is not the Democratic hymnal.

So, when you’re speaking – you know this George, when you’re in politics and they’re speaking against brand, people kind of raise an eyebrow. And the SALT – lifting of the SALT cap is against brand Democrat moment and the Republicans are going to seize on it.

(…)

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