The following content is Americans want limited government.
When Donald Trump released a video in which he said, “Biden’s pro-China economic plan is putting America last and destroying our country,” mainstream media enlisted establishment apologists to fact-check Trump. He insisted that Biden’s statements were not true. Surrender the store to Chinese dictator Xi Jinping.
We considered whether President Trump’s claims merited fact-checking. So the problem for America is that Donald Trump told the truth. Joe Biden is giving billions of dollars to China and stealing American jobs.
One of the worst examples of this is Biden’s signature domestic “achievement”, the so-called Inflation Control Act (IRA). Not only does this do nothing to stop inflation, but it turns out to be a favor to the Chinese Communist Party. While China is A military base is being built nearby.Instead of just proving he was asleep at the wheel, Joe Biden invited Xi Jinping into his car and asked him to drive.
But don’t just take our word for it. Even Democrats like Sen. Joe Manchin (D-West Virginia) are fiercely opposed to his boss. Just this week, Manchin slammed the IRA’s clean vehicle credit. The credit was ostensibly intended to provide tax relief to American companies that make car batteries and electric vehicles. The idea was that this would fund the electric vehicle industry and allow America to become independent from foreign energy.
Instead, China is buying American companies and siphoning off billions of dollars in green fraud tax credits. The IRA hasn’t stopped Chinese government-owned green energy industries from opening pop-up shops in the U.S. to qualify for tax credits while importing everything from China. In other words, they are stealing tax credits that could be given to American businesses. It is being proven that IRAs had nothing to do with controlling inflation. Was it a Green New Deal in disguise, or a Red New Deal?
That’s why Manchin said this week that his administration is effectively supporting “Made in China.”
And Biden’s IRA is paying for all these benefits to China by cutting Medicare for the elderly.
IRAs are set to make significant cuts to the popular Medicare drug coverage plan. A total of $30 billion would be cut from the current $110 billion program.
This is scheduled to begin in 2025, so if Biden wins, it won’t be a problem, but if Biden loses, Trump could be blamed.
Additionally, as if we hadn’t learned lessons during COVID-19 about the dangers of outsourcing medical production, the proposed expansion of the IRA would significantly cut back on the U.S. biopharmaceutical industry. become.
The IRA harbors a command-and-control language that Joe Biden could only learn from the Chinese Communist Party. The IRA language would allow the government to direct price regulation of some prescription drugs for seniors under Medicare.
One particularly stringent provision allows the government to designate Medicare drugs as subject to government-controlled price “negotiations.” If businesses do not accept price controls, they will be forced to pay a 95 percent excise tax on everyone who purchases their products, not just through Medicare.
That means either government price controls, taxes that double the price of some drugs, or no new drugs at all (unless perhaps they’re made in China).
And that would not only take away access to new treatments, it would cost Americans jobs. These and other price control provisions that the Biden administration wants to impose on prescription drugs will result in the loss of 136,000 to 216,000 jobs in the biopharmaceutical industry, and an additional 678,000 jobs through indirect layoffs. It is estimated that between 1,000 and 1,076,000 American jobs will be lost.
According to some people, reportalso estimates that this will hinder the development of more than 130 new FDA-approved drugs over the next decade as America’s aging population searches for solutions to its health problems.
We are in a terrifying period in human history where every invention America has produced in the past 200 years is helping the Chinese government achieve its 2000-year-old dream of world domination.
So are Donald Trump’s claims true? “Biden’s pro-China economic plan is pushing America to the end and destroying our country,” he said.
Biden revealed teeth It contributes billions of dollars to China’s economy while cutting Medicare for the elderly and killing American jobs. We assess that Mr. Trump’s assertion is correct.
