Bacon is the problem
Since Don Bacon has been in Congress since 2017, the national debt has gone from $20 trillion to $30 trillion. Some of the extra debt came from the biggest corporate tax cut in history in 2017, backed by Bacon. This tax reduction allowed 55 of the largest corporations to pay no income tax. This burden will have to be paid by future generations at great cost. Don Bacon is NOT the solution, Don Bacon is the problem.
Recover the power of the wallet
As I head to the polls this fall, I hope fellow readers will remember that to curb 40-year high inflation, our federal government must cut irresponsible spending that devalues our dollar.
President Biden’s so-called “Cutting Inflation Act” will do the exact opposite. Instead of cutting wasteful spending and easing taxes on Americans, this proposal will inject $700 billion into an economy already crippled by inflation and raise taxes during a recession.
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I am grateful that my Congressman General Don Bacon voted against $12 trillion in new spending since March 2021. The easiest way for us to end this madness is to re-elect Congressman Bacon and to reclaim the power of the purse in the House. as a check and balance on Biden’s out-of-control spending.
With the disturbing news of the monarch butterfly being listed as an endangered species, I discovered that there had been a striking response of requests to Nebraska Monarchs for flower seeds that attract butterflies. I was talking to someone in the organization and realized that this organization is largely employee funded, and this strong response to monarch status has drained the resources of the group. Please make these requests for butterfly-friendly plant seeds and also consider sending a small donation to the group to help with their outreach efforts: Nebraska Monarchs, PO Box 642061, Omaha, 68164.
Leadership not labels
The US Senate recently passed the CHIPS+ Act designed to encourage more US companies to produce the semiconductors that power computers, appliances, automobiles, planes and some of the military’s most advanced weapons. The $280 billion measure includes grants and tax breaks and directs Congress to increase spending on high-tech research programs. This legislation aims to reduce costs for working families, strengthen our supply chain, keep jobs in America, and ensure we can outperform countries like China. Senator Chuck Grassley called the bill “unnecessary corporate welfare” and voted against it.
Apparently, the senator’s definition of corporate well-being depends on the industry. According to the Journal of the American Medical Association, from 2000 to 2018, the top 35 pharmaceutical companies reported gross profit of $8.6 trillion, all of which came from us through insurance premiums or disbursements. Yet during that time, Sen. Grassley has repeatedly refused to support legislation requiring Medicare to negotiate lower drug prices, as the VA does. Given that the senator has accepted over a million dollars from Big Pharma throughout his career, we can understand his reluctance to call those trillions in profits corporate welfare. However, he readily applies that label to the semiconductor industry whose products are central to our modern society, including the smartphone he uses for his frequent tweets about government waste. Should we rely on our biggest economic competitor, China, for one of America’s core technologies when many of our fellow citizens cannot afford overpriced drugs? We need real and honest leadership, not catchy and misleading labels.
The merits of the bill
Michelle Dirks (Pulse, August 6) criticizes the CHIPS Act for using additional spending rather than tax incentives. In fact, the CHIPS and Science Act includes a 25% tax credit for new/expanded semiconductor manufacturing in the United States. There is also funding for R&D programs for private industry and national defense to develop next-generation capabilities, STEM workforce development, and coordination with foreign government partners. The tax credit is a relatively shorter-term incentive while the grants are much longer-term strategic. Both mechanisms are necessary to remain competitive with Southeast Asian countries, particularly China, which have historically subsidized manufacturing far more than the United States in this essential industry.
She also notes that Nancy Pelosi’s husband “traded millions in token stock…” While that’s true, she failed to mention that he suffered a 7.6% loss on that trade. The stock in question is Nvidia, which at 8/5 has gained 15% since the Pelosi trade. He certainly didn’t profit from the sale before the law was passed. Representatives Don Bacon, Adrian Smith and Senator Deb Fisher voted against the CHIPS Act. Their votes were not based on the merits of this bill. Instead, it was a failed attempt to block the CHIPS Act as leverage against the Senate Democrats’ separate reconciliation package.
So let me clear things up. If I commit a crime of sexual assault, I can possibly spend 3 to 5 years in the pen. Not to mention that I risk losing my wife, my job and my house to pay the lawyers. However, Deshaun Watson is charged with 24 acts against women and gets a guaranteed contract worth $230 million. What am I missing?
Instead of working to cut spending and unleash American energy, President Biden and congressional Democrats are working overtime to redefine the term “recession.”
Just as he accuses Ukraine of being responsible for inflation and rising gas prices, it seems obvious that in times of need, Joe Biden would rather gas than govern.
President Biden inherited an economy ripe for recovery from the pandemic. Through out-of-control spending and stifled energy production, he gave us a recession.
I am confident that voters will see this wrong direction and elect a Republican Congress in November.
The neighbor two doors down from my house has an eight foot sign in his yard that says “None of your (expletive) business”. Oh good? Why should all the families in our neighborhood or people passing by with kids in the car read this?
We get it, you don’t like neighbors who don’t like you, but that’s a pretty vulgar sign to show the world. Freedom of expression has gone too far.
On HR 8296 and HR 8297
I disagree with G. Douglas (Pulse, August 2). Don Bacon was not misleading in his email comments on HR 8296 and HR 8297. Liberal Democrats want to deny states the right to ban abortion in violation of the Dobbs decision. They are not interested in a reasoned debate on the subject. They have a low opinion of the Conservatives. They call us extremists because of our desire to follow the US Constitution as written. Those in the womb are persons, which means they enjoy the protections of Fifth Amendment due process.