Legislative Blog
J.B. Williams, J.D.
Retagged Inflation Reduction is a joke
A Blog about Build Back Better 2021
A Bit of Background
The following backgrounds help summarize the author's views on both the general topic: Federal and more specifically Build Back Better 2021 as it relates to that topic.
Brief Summary of Federal
This should be a fairly limited bills area for management the overall structures like highways, military, federal buildings, federal laws, and the like. However it has become the micro manager of all micro managers. They get involved in areas that no federal government should be involved in, and shift more power upward. This has led to each party trying to run over the other party in the eyes of the voters, all the while doing everything possible to maintain their power. They do this by holding onto all of the money, and claiming they know best how it should be spent. But they run debts so badly that no one should be looking to them as an example of anything other than the way to overspend and go further into debt.
Summary of Build Back Better 2021
Shortly after passing the House, Congress went on break and this bill appeared to die. Here is hoping it remains dead. Sadly it was brought back, renamed the Inflation Reduction Act, tweaked a little and passed. It did not reduce inflation - anyone with a brain knew it would not. And now the Congressional Budget Office has said it actually increased inflation. But wait because the spending under this bill is on-going.
Blog Summary
I was shocked that some folded to vote in favor of this bill. Then upon review, I was shocked at how extremely different it was. It was a 2,468 page long bill and became a 273 page bill. It does the usual referencing of other laws that make the bill seem smaller than it is, while also making it more difficult to read. The changing of "The Secretary" to "Subject to subsection (h), the Secretary". Now you just need to pull the legislation they are affecting and figure out what subsection (h) is. And the inserting "...." after .. Now find that paragraph and see where they are adding more stuff. It's really what I despise about federal bills. One should be able to pull the actual legislation line thru, insert, delete on a copy and use that. They could if the federal government had not buried us and them in sooo much legislation and regulations.
This blog is really just a dollar compare chart with the original bill. There were places I had to read through and make connections between where they were in the old bill with what they were saying in the new bill. But it just deals with the actual dollars allocated, not the funds as necessary or anything like that. I will be doing a complete review of the bill, and have already began the IRS portion. Be prepared because I seriously doubt that all of the additional audits will strike the "rich" and the corporations. I suspect that proportion wise they will remain consistent. The IRS audited a higher percentage of no income filers prior to 2014. In 2015, no income filers were audited 4.47% while those over $10 Million were audited 8.16%. But keep in mind those between $5 million and 10 million were only audited 4.39%.
Retagged Inflation Reduction is a joke
Published: 2022-09-01
Build Back Broke - Revised
I originally provided a quick break down of the spending for this bill, and it seemed shelved temporarily. Then it was revived and they attempted to call it the Infation Reduction Act. So I've decided to provide a comparison for the spending.
This bill was 2,468 pages in 2021, the new bill is 273 pages. Wow what a huge difference. not revised In total it appears to reach $1,375,215,105,000 (yep trillion). These funds are allocated and will remain there for between 1 and 8 years depending on the particular section. Some of the allocations do not begin for more than 4 years. Issue with this is it becomes a built in allocation in four years that would be difficult to remove, most likely impossible to do so. Meaning that whichever party is in power would be tied to these allocations without regard to funds available. There are so many items in the budget which Congress does not have the ability to modified or remove, and this would add another item to the difficult to remove column. There are also tax breaks to companies considered to be in the right industry. And there are adjustments to retirement funds, qualified dividends for those earning over $200,000, and taxes on foreign income or foreign taxes paid.
| Title | Under Build Back Better | Under Inflation Reduction Act | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Title I Agriculture, Subtitle B Forestry | $39.5 Billion | $6.7 Billion | ||||||||||||||||
| Title I Agriculture, Subtitle C Rural Development and Energy | $17.282 Billion | $144,750,000 for 2022 and $31,813,500 for years 2023 through 2027 | ||||||||||||||||
| Title I Agriculture, Subtitle D Research and Urban Agriculture | $7.581 Billion |
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| Title I Agriculture, Subtitle E Miscellaneous | $5 million |
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| Title II Committee on Education and Labor, Subtitle A Education Matters | $95.9311 million plus | |||||||||||||||||
| Title II Committee on Education and Labor, Subtitle B Labor Matters | $2.609 Billion | |||||||||||||||||
| Title II Committee on Education and Labor, Subtitle C Workforce Development Matters | $79.704 Billion | |||||||||||||||||
| Title II Committee on Education and Labor, Subtitle D Child Care and Universarl Pre-Kindergarten | $157.505 Billion | |||||||||||||||||
| Title II Committee on Education and Labor, Subtitle F Human Services and Community Supports | $1.317 Billion | |||||||||||||||||
| Title III Committee on Energy and Commerce, Subtitle A Air Pollution | $47.217 Billion |
$30.4098 Billion plus $62.05 million for Council on Environmental Quality |
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| Title III Committee on Energy and Commerce, Subtitle B Hazardous Materials | $15 Billion | $3 Billion | ||||||||||||||||
| Title III Committee on Energy and Commerce, Subtitle C Drinking Water | $32.5 Billion | $4.575 Billion | ||||||||||||||||
| Title III Committee on Energy and Commerce, Subtitle D Energy | $108.1 Billion | $3 Billion carbon sequestration | ||||||||||||||||
| Title III Committee on Energy and Commerce, Subtitle E Didn't exist in BBB | ||||||||||||||||||
| Title III Committee on Energy and Commerce, Subtitle F Affordable Health Care Coverage | $10.075 Billion plus sums that may be necessary | |||||||||||||||||
| Title III Committee on Energy and Commerce, Subtitle G Medicaid | $1790 Million plus sums that may be necessary | |||||||||||||||||
| Title III Committee on Energy and Commerce, Subtitle H Children's Health Insurance Program | $15,000,000 permanently in 2028 plus consumer price index added each year thereafter | |||||||||||||||||
| Title III Committee on Energy and Commerce, Subtitle I Medicare Coverage of Dental, Hearing and Vision Services | $220 Million plus sums deemed appropriate | |||||||||||||||||
| Title III Committee on Energy and Commerce, Subtitle J Public Health | $61.555 Billion with $75 Million earmarked for suicide prevention | |||||||||||||||||
| Title III Committee on Energy and Commerce, Subtitle K Next Generation 9-1-1 | $10.1 Billion | |||||||||||||||||
| Title III Committee on Energy and Commerce, Subtitle L Spectrum Auctions | $50 Million | |||||||||||||||||
| Title III Committee on Energy and Commerce, Subtitle M Distance Learning | $4 Million | |||||||||||||||||
| Title III Committee on Energy and Commerce, Subtitle N Manufacturing Supply Chain | $10 Billion | |||||||||||||||||
| Title III Committee on Energy and Commerce, Subtitle O FTC Privacy Enforcement | $1 Billion | |||||||||||||||||
| Title III Committee on Energy and Commerce, Subtitle P Department of Commerce Inspector General | $10 Million for oversight | |||||||||||||||||
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Title IV Committee of Financial Services, Subtitle A Creating and Preserving Affordable, Equitable and Accesssible Housing of the 21st Century |
$272.3 Billion | $500 Million | ||||||||||||||||
| Title IV Committee of Financial Services, Subtitle B 21st Century Sustainable and Equitable Communities | $35.75 Billion | $1 Billion | ||||||||||||||||
| Title IV Committee of Financial Services, Subtitle C Homeownership Investments | $10.85 Billion | |||||||||||||||||
| Title IV Committee of Financial Services, Subtitle D HUD and Community Capacity Building | $2.1 Billion | |||||||||||||||||
| Title IV Committee of Financial Services, Subtitle E Economic Development | $4.1 Billion | $2.6 Billion for coastal states | ||||||||||||||||
| Title V Committee of Homeland Security | $865 Million | $3.915 Billion | ||||||||||||||||
| Title VI Committee on Judiciary, Subtitle A Immigration Provisions | $2.8 Billion | |||||||||||||||||
| Title VI Committee on Judiciary, Subtitle B Community Violence Prevention | $2.5 Billion | |||||||||||||||||
| Title VII Committee on Natural Resources, Subtitle A Bureau of Indian Affairs and Indian Health Services | $5.575 Billion |
$393 million plus $$25 million Native Hawaiian |
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| Title VII Committee on Natural Resources, Subtitle B Subcommittee on National Parks, Forests and Public Lands | $5.204 Billion | $2.2 Billion for Conservation | ||||||||||||||||
| Title VII Committee on Natural Resources, Subtitle D Efficient and Effective NEPA Implementation | $150 Million | |||||||||||||||||
| Title VII Committee on Natural Resources, Subtitle E National Oceanic and Atmospheric Administration | $11.9 Billion | $710 Million | ||||||||||||||||
| Title VII Committee on Natural Resources, Subtitle F United States Fish and Wildlife Services | $550 Million | $250 Million | ||||||||||||||||
| Title VII Committee on Natural Resources, Subtitle G Insular Affairs | $1.318 Billion | $500 Million Biofuel Infrastructure plus $15 million for insular affairs | ||||||||||||||||
| Title VII Committee on Natural Resources, Subtitle H Energy and Mineral Resources | $2.653 Billion | $23.5 million geological survey 3d elevation program | ||||||||||||||||
| Title VII Committee on Natural Resources, Subtitle I Office of Native Hawaiian Relations | $30 Million | |||||||||||||||||
| Title VII Committee on Natural Resources, Subtitle J Accountability of Funds | .05% of some funds goes to oversight and up to 2% for administrative costs | $10 milloin | ||||||||||||||||
| Title VIII Committee on Oversight and Reform | $17.972 Billion | $20 million for energy oversight | ||||||||||||||||
| Title IX Committee on Science, Space and Technology | $45.435 Billion |
$1.550 Billion for national laboratory infrastructure plus $150 milloin for fossil energy and carbon management plus $150 million for nuclear energy plus $150 million for renewable energy plus $700 million for high-assay low-enriched uranium |
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| Title X Committee on Small Business, Subtitle A Increasing Federal Contracting Opportunities for Small Businesses | $2.355 Billion | |||||||||||||||||
| Title X Committee on Small Business, Subtitle B Empowering Small Business Creation and Expansion in Underrepresented Communities | $1.036 Billion | |||||||||||||||||
| Title X Committee on Small Business, Subtitle C Encouraging Small Businesses to Fully Engage in the Innovation Economy | $1.075 Billion | |||||||||||||||||
| Title X Committee on Small Business, Subtitle D Increasing Equity Opportunities for Small Manufacturers | $9,564,500,000 | |||||||||||||||||
| Title X Committee on Small Business, Subtitle E Increasing Access to Landing and Investing Capital | $9.311 Billion | |||||||||||||||||
| Title X Committee on Small Business, Subtitle F Supporting Entrepreneurial Second Chances | $65 Million | |||||||||||||||||
| Title X Committee on Small Business, Subtitle G Other Matters | $57.838 Billion | |||||||||||||||||
| Title XI Committee on Transportation and Infrastructure | $57.838 Billion | $8.63 Billion | ||||||||||||||||
| Title XII Committee on Veterans Affairs | $18 Billion | |||||||||||||||||
| Title XIII Committee on Ways and Means, Subtitle A Universal Paid Family and Medical Leave | $1.2 Billion plus sums necessary | |||||||||||||||||
| Title XIII Committee on Ways and Means, Subtitle B Retirement | Makes changes to retirement funds regulations | |||||||||||||||||
| Title XIII Committee on Ways and Means, Subtitle C Child Care Access and Equity | $15,427,500 plus sums necessary | |||||||||||||||||
| Title XIII Committee on Ways and Means, Subtitle D Trade Adjustment Assistance | $26.76 Billion and trade adjustments for farms |
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| Title XIII Committee on Ways and Means, Subtitle E no title but seems to address Health Careers | $6,732,500,000 | |||||||||||||||||
| Title XIII Committee on Ways and Means, Subtitle F Infrastructure Financing and Community Development | about Billions per entity in tax credits | $9.7 Billion for rural electric cooperatives plus $100 million for administrative | ||||||||||||||||
| Title XIII Committee on Ways and Means, Subtitle G Green Energy | $3.831 Billion for IRS to carry out all tax credits |
$297 Million plus $4.3 Billion in rebates for HOMES plus $4,275 Billion for electric homes plus $225 million for Indian tribal electric homes plus $200 million for efficiency contractor training plus $1 Billion for latests and zero building energy code adoption plus $115 million for environmental reviews plus $100 milion for energy regulatory commission plus $150 milloin for department of interior |
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| Title XIII Committee on Ways and Means, Subtitle H Social Safety Net | $20.075 Billion | |||||||||||||||||
| Title XIII Committee on Ways and Means, Subtitle I Responsibility Funding Our Priorities | $78.962 Billion |
$43.6 Billion for energy loans plus $3 Billion for advanced technology vehicle manufacturing plus $2 Billion for domestic production of efficient hybrid, plug-in electric vehicles or hydrogen vehicles plus $5 Billion for energy infracstructure plus $75 million trible energy infracstructure plus $2 Billion for construction or modification of electrical transmission facilities plus $760 million for interstate transmission plus $100 million for offshort wind electricity modeling plus $8.812 Billion for clean energy |
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| Title XIII Committee on Ways and Means, Subtitle J Drug Pricing | $3 Billion |
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