An excise tax hike on household items that was buried in President Joe Biden’s $1 trillion infrastructure package last year went into effect on July 1, according to the Internal Revenue Service (IRS).
A roughly $13 billion tax increase on 42 chemicals, metallic elements and critical minerals was included in Biden’s Infrastructure Investment and Jobs Act. Common household items like rubber, soap, concrete, plastics, lightbulbs and electronics will be impacted.
Superfund chemical excise taxes were previously in place between 1987 and 1995, according to the IRS. The infrastructure package, which the White House called “a once-in-a-generation investment,” triggered the re-implementation of the taxes.
Funds from the reinstated excise tax will be partially directed to the Superfund Trust Fund, which is administered through the Environmental Protection Agency (EPA) and responsible for “cleaning up some of the nation’s most contaminated land and responding to environmental emergencies, oil spills and natural disasters.”
This is what we get when we don’t hold the weak politicians accountable for not doing their job and read the BILLS that they vote on. We the People need to hold them accountable to protect the citizens instead paying to travel around the world for photo ops. Democrats always ram through BILLS when they know they cannot get it passed if they allow CONGRESS to read the BILLS. That is not democracy. That is COMMUNISIM / MARXISM or DICTATORSHIP.
Get this Monster OUT of STOLEN > OFFICE !!!!!!!
H.ope all you WOKES are happy hope you loose your homes, jobs, have Covid thank ByeDone and Fauci .
And The Hits Just Keep On Coming In !&@#&!! Gezzzzz. !!
Keep your feet on the ground and keep reaching for the stars. Casey Kasem (look it up snowflakes)
And he never has to worry about it for he and his whole family has been stealing and raping all Americans their whole life