
Newt Gingrich: Bernie Sanders' $3.5 trillion big government bill and a prediction
Fox News
I am going to go out on a limb and predict that, despite unanimous Democratic procedural votes in the House and Senate, the Bernie Sanders $3.5 trillion Big Government Socialist Bill will never pass into law.
There is already growing concern about inflation. The impact of Hurricane Ida on the Louisiana oil and gas industry will lead to further price increases for gasoline. At a time of rising prices, people are worried that $3.5 trillion in additional spending will tip the system into rising inflation that will cut their standards of living and weaken their purchasing power. The realization of how many different taxes there are in the Sanders bill is beginning to build its own resistance to final passage. As a general historic rule, the American people are opposed to tax increases – even if they aren’t directly impact by them. Americans intuit that sooner or later tax increases get passed on and reach into their wallets or pocketbooks.More Related News