Welfare for the Wealthy (Courtesy of the Democrats)

Our president loves to play the class card when it comes

to economic matters. President Biden is trying mightily

to keep alive his record-breaking (and bank-breaking) 

budget, at the core of which is his $3.5 trillion tax and

spend plan which he swears will help "working people"

to pay their bills. The truth is that Biden's program 

is really a government subsidy gift-giving device which

will give subsidies to everyone, including the well-off.

Yes, you read that right my fantastic readers. Biden and

the Dems want to hook even the upper-middle class 

on the government teat. In the Bernie Sanders-Joe Biden-

Nancy Pelosi bill the goodies include:

*The expanded child tax credit which has become a 

monthly check from Uncle Sam that transfers lots of

money to financially secure middle-class families (!).

Currently, the allowance is now $3,600 per child 

under six years of age, and $3,000 for ages 6 through

17. A married couple earning $150,000 a year with four 

children (two under six years of age, two above) would

qualify for $13,200 annually.

*A new entitlement caps costs for child-care at 7% of 

income and was at first limited to parents making up to 

200% of their state's median income. But the hard-core

lefties that call themselves "progressives" got rid of the 

cap in committee so it would cover the upper-middle class

and the outright wealthy, making the entitlement universal.

*Democrats also want, and have long wanted paid 

family leave --- about two-thirds of average wages for up

to 12 weeks per year for any family care. This would apply

to full-time AND part-time employees, and in the case of 

newborn babies both parents would be entitled to have leave.

So a married couple with a newborn, each earning $200,000

could each collect more than $1,000 in weekly benefits,

extrapolating to $24,000 of paid leave in one year. A couple

with an income of $100,000 each would be eligible for 

approximately the same amount (!!).

*The legislation also includes a gigantic $12,500 electric 

vehicle tax credit. Since EVs cost considerably more than

similar gas-powered vehicles, this money will go largely

to fat-cat coastal residents. This means that a couple can

make as much as $800,000 annually and STILL qualify

for at least some of the credit (!!!). 

*And saving the best for last: the return of the state and local

tax deduction. Speaker Nancy Pelosi promised her bunch in

the House "meaningful" relief above the current $10,000 cap.

Most of those who would have anything to gain are --- you 

guessed it --- the well-to-do. 

The Dems figure that subsidizing the upper middle-class this

way would make President Biden's program safer. They reason 

that if they can't get Mohammad to come to the mountain, then

they'll make the mountain come to Mohammad. Thus, they'll 

entice the swells to bite the bait. One thing must be noted,

however: those that will get the benefits will also get the bill

(higher taxes). And the Dems will bill their recipients when the

entitlements are too entrenched to repeal. Uncle Sam giveth and

Uncle Sam taketh away, blessed be the name of Uncle Sam.

Say, boys and girls, can you say "screwed"?

MEM