List of some of the new taxes the Dems will hit you with on Jan 1st

Hey citizen, remember that faaaabulous "Inflation Reduction Act" passed by the Democrats (because they had total control of both chambers and duh W.House)?

The Mainstream Media positively slobbered over how faaabulous it was!  But in fawning over how supposedly brilliant it was, they overlooked a few provisions they didn't want to talk about:

$260 BILLION in new taxes that will hit you on Jan. 1st.

"Wait...whut?  Why didn't anyone mention this before the Democrats passed it?"

Because the Mainstream Media slobbers over the Dems.  So here's a partial list:

A new $6.5 Billion tax on "natural gas."  If you're a __-studies major you may not know that natural gas is what heats homes and hot water.

Average voter: "Why should I care if our marvelous Democrat leaders tax hell out of a company?  That's not my problem."

People who don't know economics believe that.  But in fact companies pass all taxes through to consumers.  Meaning you'll be paying this entire tax via monthly bills for heating and electricity.  Enjoy!

BTW, that $6.5 billion estimated cost is from the Congressional Budget Office.

The American Gas Association warned that the new tax on natural gas would increase the average family’s heating bill by 17%.

*$12 Billion in new taxes on crude oil.  Naive consumers again bleat "Why should I care?"  And same answer: The tax will be paid by *you*.

$1.2 Billion in higher taxes on coal.  "But I don't burn coal, so why should..."   About 40% of all the electricity in the U.S. is produced by coal.  That's why.

A totally new $74 Billion tax on "stock buy-backs."

When companies make a profit, sometimes they choose to use some of those profits to buy-in some of their stock.  That keeps the price up, which benefits all retirement accounts and pension funds.  Democrat pols know that, but have nevertheles decided to slap a steep tax on buy-backs.

And finally, the whopper: a new $225 Billion tax on corporations that have profits of over a billion dollars in 3 consecutive years.

If you've been keeping track, that makes $313 BILLION in new taxes.  And again, who do you think will pay those billions?  You.  That could easily cost the average family an additional thousand bucks a year.

Hmmm....Ever notice how Dems bleat that they *care* about working families, eh?  Yeah, they care so much that they just upped the average tax by a thousand bucks a year.  Thanks, Democrats.

Interesting that you never heard a word about all these new taxes in the Mainstream Media, eh?

Biden administration officials have repeatedly admitted taxes that raise consumer energy prices are in violation of President Biden’s $400,000 tax pledge.

Source.