Republicans Bail Out Biden and Pelosi to Pass $1.2 Trillion So-Called Infrastructure Bill
🤡 Clown World 🌎
13 House Republicans voted to bail out President Joe Biden and House Speaker Nancy Pelosi’s (D-CA) agenda and pass the $1.2 trillion so-called bipartisan infrastructure bill.
The bill passed 228-206, featuring overwhelming Democrat support and some Republican support.
The 13 Republicans that reportedly voted yes on the so-called bipartisan infrastructure bill are:
Reps. John Katko (R-NY)
Don Bacon (R-NE)
Jeff Van Drew (R-NJ)
Fred Upton (R-MI)
Adam Kinzinger (R-IL)
Don Young (R-AK)
Tom Reed (R-NY)
Chris Smith (R-NJ)
Andrew Garbarino (R-NY)
Nicole Malliotakis (R-NY)
Brian Fitzpatrick (R-PA)
Rep. Anthony Gonzalez (R-OH)
Rep. David McKinley (R-WV)
Yep, this infrastructure bill is a trainwreck and the subsequent "how do we pay for it" act will be the oil cars detonating.
Expect the superfund taxes to drive up a lot of costs (expect a drop in the Dow), expect a destabilization of the bond market, expect a crypto dump and that's associated effect on financial firms liquidity - tax (yes tax, not reporting, tax) on transactions >10k lmao that makes crypto no longer a cheap and safe short term store of liquid capital that could provide an ROI, it's also going to be a problem for crypto brokerages which now includes miners because grandpa drafted legislation.