Executive
President Biden signs Inflation Reduction Act into law
On Tuesday, President Joe Biden signed into law, the Inflation Reduction Act (the “IRA”), saying “The American people won, and the special interest lost.”
With this new legislation signed into law, this will mark a major victory for the Biden Administration and the Democratic Party ahead of the midterm elections.
President Joe Biden was joined by House Majority Whip Jim Clyburn and Senate Majority Leader Chuck Schumer during the signing of the new legislation.
“With this law, the American people won, and the special interest lost. This administration began amid a dark time in America…. a once-in-a-century pandemic, devastating joblessness, clear and present threats to democracy and the rule of law, doubts about America’s future itself – and yet we’ve not wavered, we’ve not flinched, and we’ve not given in,” Biden said, per Fox News.
The new legislation imposes a set number of provisions such as:
- 15% Corporate Alternative Minimum Tax
- Excise Tax on Corporate Stock Buybacks
- Extensions of Excess Business Loss Limitation Rules
- Extension & Expansion of Production Tax Credit
- Extension, Expansion, and Reduction of Investment Tax Credit
- Section 45Q (Carbon Oxide Sequestration Credit)
- Introduction of Zero-Emission Nuclear Power Production Credit
- Biodiesel, Alternative Fuel, and Aviation Fuel Credit
- Introduction of Clean Hydrogen Credit
Aside from the new provisions, the act is expected to also raise $737 billion over the next 10 years, according to CNN. The act accomplishes a set number of agenda items the Biden Administration initially had for the Build Back Better Act which failed to pass the Senate in early April of 2021.
After signing the Inflation Reduction Act into law, Biden gave a campaign pitch focusing on an optimistic America with a bright future around the corner.
“To me, the critical duty of the presidency is to defend what is best about America…. To pursue justice, to ensure fairness and deliver results that create possibilities that all of us can live a life of consequence and prosperity in a nation that’s safe and secure. That’s the job. Fulfilling that pledge to you guides me every single hour of every single day on this job,” he said.
Terry A. Hurlbut has been a student of politics, philosophy, and science for more than 35 years. He is a graduate of Yale College and has served as a physician-level laboratory administrator in a 250-bed community hospital. He also is a serious student of the Bible, is conversant in its two primary original languages, and has followed the creation-science movement closely since 1993.
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Mr Biden is not President of the US. And this bill violates numerous provisions of the US Constitution. The first is the Senate can not create tax bills. And the bill contains specific “specific Welfare” spending which is not allowed at the Federal level. And like the PPACA this bill has not been constitutionally signed in law. Under the US Constitution Mr Biden is not President, even without the known vote fraud, since Mrs Harris is not a natural born Citizen of the US. She invalidates the Biden/Harris selection by the Electoral College. And Mr Obama and Mr McCain invalidated each of their teams.
But what does the term “natural born citizen” mean? When one does the research we find the treatise “Law of Nations” written by Monsieur De Vattel and published in 1758 is the source and legal definition of the term. This is the document that was known to those who wrote the Constitution of the United States of America. In Book 1, Chapter 19, Paragraph number 212 it states in French
Les Naturels, ou Indigènes font ceux qui font nés dans le pays, de Paren Citoyens.
In the 1760 English translation of this work this sentence is translated as
Its natives are those who are born in the country parents who are citizens.
The later translations, 1773 and since, translate this sentence as
The natives, or natural-born citizens, are those born in the country, of parents who are citizens.
The word French word “Indigènes” is the English “Indigenous”. The word was adopted in to the English language and “anglicized”. The word has the meanings
1. Native; born in a country; applied to persons.
2. Native; produced naturally in a country or climate; not exotic; applied to vegetables.
when one examines the dictionaries1 of the time.
1 link to 1828-dictionary.com