This bill is quite literally a midterm campaign ad for the GOP. It raises taxes in the middle of a recession, it piles on more government spending in the middle of record setting inflation, oh and it will almost double the funding of nobody's favorite Government agency... the IRS!
So this is the IRS will likely audit you and it is paid for by the increased taxes that you are now paying because the Democrats have otherwise been worthless and think this will help bill. Pathetic!
And no... only the truly gullible will accept some congressional review that states this will lower the deficit or inflation or anything. Not when we have seen the same nonsense spewed prior and yet we can see that our Government went from about a $800 billion dollar pre-covid deficit to nearly three trillion dollars in Biden's first full year.
39 comments:
With the exception of Afghanistan, President Biden has accomplished much more than anyone expected.
He kept NATO intact and added two more nations in response to the Russian invasion of Ukraine.
The nonpartisan analysis disagreed with you.
And the party of no declares the bill useless.....wonder what the GOP plan is????
Hate to tell you this, Ch, but a lot of "experts" think The Inflation Reduction Act was a major victory for the Democrats and a boon for the country.
At last, we have taken a major step in lowering health care costs, raising a fairer share of the tax burden on wealthy corporations, reducing the budet deficit, and providing the most significant amount of funding for combating climate change in decades.
The fact that only Democrats voted for it may later be regretted by Republicans, and their refusing to cap insulin costs is almost suicidal:
Eight million Americans are dependent on insulin.
He also passed a new gun safety law and passed a bill to address the effects of vets exposed to toxic burn pits.
He will go down in history as the most effective since FDR.
You aren't going to like this, Ch, but gas prices are coming down, inflation is decreasing, unemployment is low, and as for whether the Inflation Reduction Act and other accomplihments are going to help Biden and the Democrats in the midterms, just see what Playbook has to say at politicalwire.com:
Speaking of the deficit.
According to a report issued by Moody’s Analytics, the bill will “modestly reduce inflation over the 10-year budget horizon”.
As for the Biden administrtion, see what PLAYBOOK has to say (excerpt):
Passage of the Inflation Reduction Act will make Biden one of the most legislatively successful presidents of the modern era....
— American Recovery Act: $1.9 trillion
— Infrastructure Investment and Jobs Act: $550 billion
— Chips and Science Act: $280 billion
— Inflation Reduction Act: ≈$700 billion
That’s a nearly $3.5 trillion agenda.
The scope of the issues addressed is
notable: the pandemic and its economic fallout, highways, bridges, broadband, rail, manufacturing, science, prescription drug prices, health insurance, climate change, deficit reduction and tax equity.
He also expanded NATO, passed a new gun safety law and passed a bill to address the effects of vets exposed to toxic burn pits. Five out of seven of these laws — all but the two biggies, the ARP and IRA — received significant Republican support.
There’s not much debate anymore over whether Biden has been a consequential president. In the long run, his first two years may be remembered as akin to LBJ when it comes to moving his agenda through Congress.
Sorry to say...
But the American public is not buying what "either" the Democrats or their experts are saying...
We'll see if passing a bad, unnecessary, and poorly timed bill will help them avert losing Congress in November.
And Biden is still looking "up" at the Presidential approvals of Trump and every other President at the same time in their Presidency!
The IRS is not going after the average American..by getting taxes they had not been paid off millions will reduce the deficit.
Just run Trump against Biden for prez and see how the polling suddenly jumps to Biden.
A lot of Republicans in the know already know that.
I'm of the opinion, however, that Biden may not run, and Harris, if she runs, may not win the Dem primary.
C.H. Truth said...
Sorry to say...
But the American public is not buying what "either" the Democrats or their experts are saying...
Shocking you would make such a jaded statement as much of America think otherwise!!!! At least progress is being made in spite of the party of NO!!!!!!
The Congressional Budget Office (CBO) projects the legislation will reduce the deficit by $90 billion over 10 years.
A Democratic aide, however, said CBO recognizes the legislation will likely increase tax revenues by more than $200 billion by beefing up Internal Revenue Service programs and enforcement of tax compliance
Reverend in your own words pleas explain how increasing spending will lower inflation.
Roger when has the CBO ever been right, Medicare estimates, Obamacare estimates. I guess being off by 70% is good enough for gubment work.
The Congressional Budget Office (CBO) projects the legislation will reduce the deficit by $90 billion over 10 years.
Actually there has not been a "final" score... which is how the Democrats do things lately. Things are so fragile that they cannot chance a bad outcome if something comes back differently than expected. So they rush through everything like a burglar trying to get in and out.
Btw Roger... 90 billion over 10 years is 9 billion a year. When we are looking at at projected trillion dollar plus deficit. If you do the math it is a "projected" 0.8% decrease in the budget...
However, it would take only a nominal blow to the economy (which this is likely to do) to undermine that 0.8% and turn it into a deficit increase.
Sorry... people are smarter than Democrats give them credit for. Well not all people.
The Wall Street Journal says
About $430 billion of those funds would be dedicated toward incentives for companies and individuals to reduce carbon emissions and an extension of subsidies for health insurance under the Affordable Care Act. The legislation dedicates the rest of the new revenue toward reducing the deficit.
You really are not as smart as you think 🤔
Didn't Roger just promise he wouldn't be insulting people?
Of course I have another 10-20 Roger comments in spam and awaiting moderation because he still wants to post about a comment a minute... mostly repeating himself in slightly different fashions.
This tells me that it is literally impossible for this blog to continue with free and open commenting, lest Roger will just continue to decide that 90% of the comments should come from him.
"See what Playbook has to say..."
If we wanted that, we'd go there. So much for Roger and James not copy pasting opinions of others.
Now that I think about it, the CBO might be the greatest example of why we need Schedule F
people are smarter than Democrats give them credit for. Well not all people.
We choose American freedom; they choose Stalinist slavery. We choose the Declaration of Independence; they choose the Communist Manifesto. We seek expansive liberty; they seek total compliance. In essence, we wholly embrace America's history, while our enemies reject it.
I like those dividing lines. They're firm and easy to understand. People will know exactly why they're fighting. For all of these reasons, I suspect that's why our compromised FBI decided to turn Betsy Ross into a terrorist. After all, communism can't take hold without first purging inconvenient history. And America's historical fight for freedom is entirely inconvenient.
How do we fight back against those who hate America? Two words: be patriots.
If half of them are created by 2024 say hello to a Democrat President.
Climate bill projected to create over 1.4m US jobs through 2030.
If it reduces the 3.5% in 2024, to 2 5% say goodbye to Trump and etc
If
That’s demonstrable
I’m still waiting on those millions of jobs that unicorn farts and fairy dust were going to produce over a decade ago when Obama promised them.
Oh, I know we just didn’t spend enough on the Solyndra’s, the current crop of Donks know more
The definition of insanity… remind me again
The Democrat party discarded most of its moderate members and should be renamed the American Communist Party. If Hubert Humphrey, Adlai Stevenson, and John F. Kennedy showed up at a conference today, they would probably not be admitted. If they were, they would feel dirty.
The Democrat party discarded most of its moderate members and should be renamed the American Communist Party. If Hubert Humphrey, Adlai Stevenson, and John F. Kennedy showed up at a conference today, they would probably not be admitted. If they were, they would feel dirty.
Somebody explain in your own words why the Republican refusal to put a cap on the cost of insulin (needed by around eight million Americans) was not incredibly stupid for the midterms.
Something is surely rotten at the Bureau when it is more than willing to "take a knee" in a Marxist show of solidarity with the Black Lives Matter anti-American anthem protesters but denigrates pro-American emblems as evidence of violent extremism. Independence Day celebrations each year must be grueling for federal agents trying to protect the nation from its own rebellious past. Now that patriotic displays of affection for the country have been relabeled as potential signs of domestic terrorism, hot dogs and fireworks require a new national security threat assessment. All agents, be on the lookout for Americans engaging in too much fun on the Fourth of July. Be advised: children with patriotic face paint, persistent Liberty Bell ringing, and unexpected outbursts of support for freedom may warrant further investigation. Should you encounter any reference to the 1773 Boston Tea Party, the modern Tea Party Movement, or strong distaste for tea, in general, immediately call for backup. This much is clear: when the FBI honors America-haters and vilifies American patriots, love for America is perceived as not only suspect, but also dangerous to the Deep State. That says a lot about our current predicament.
In the eyes of objective observers, the Democratic party has not gone communist, but the Republican party has certifiably gone fascist.
Joe Biden has defied expectations, earning a legacy as a president who got big things done with a deeply divided Congress.
The big question for Democrats: Can the same man whose dismal approval ratings have dragged them down all year now rescue their House and Senate majorities?
Driving the news: The Inflation Reduction Act is expected to clear the House later this week on a glide path to President Biden's signature.
"I ran for president promising to make government work for working families again, and that is what this bill does — period," President Biden said after Sunday's Senate passage.
Why it matters: It will join a list of hard-fought legislation shaping the U.S. economy, society and foreign policy for decades to come:
The American Rescue Plan (COVID stimulus)The Infrastructure and Jobs ActConfirmation of the first Black female Supreme Court justiceGun safety legislationCHIPS (semiconductor manufacturing and U.S. competitiveness with China)NATO expansion to include Finland and SwedenVeterans' health care expansion
Between the lines: While some of that was accomplished with bipartisan support, some has relied on close party-line votes and testing the limits of the budget reconciliation process.
The big picture: The Senate's passage Sunday of the $740 billion bill — with Vice President Kamala Harris casting the tie-breaking vote — also follows a string of non-legislative successes for Biden.
The CIA's killing of Al Qaeda leader Ayman al-Zawahiri, a huge jobs numbers boost and a resounding victory in Kansas for abortion-rights supporters that offers new signs that the issue could help Democrats in the fall.
Now take a look at what was said about Alex Jones in the next thread up.
Ch, in the interest of truthfulness, allow me to point out that Anonymous' August 7, 8:41 post is an unattributed cut and paste from American Thinker.
It is obviously not something
"Anony" could have written himself.
Isn't this the sort of thing you are committed to preventing?
Myballsinthewoodsagain said...
"See what Playbook has to say..."
If we wanted that, we'd go there. So much for Roger and James not copy pasting opinions of others.
__________
Well, balls, would you now want to criticize "Anonymous" for unattributably cutting and pasting from American Thinker in this thread and the next?
The language and thought are far beyond what Anony himself could come up with.
Well who knew but James is incapable of explaining in his own words, how increasing spending lowers inflation.
I am shocked
Blogger Honest, decent, truthful Rev. said...
Somebody explain in your own words why the Republican refusal to put a cap on the cost of insulin (needed by around eight million Americans) was not incredibly stupid for the midterm
Because your 8 million is off by 80%
This analysis of insurance claims data finds that such a cap could provide financial relief to at least 1 out of 5 insulin users with different types of private health insurance.
So james’ 8 million is actually 160,000
LOL @ Cali
I am quite happy to admit that I am not capable of involved financial analysis. But what I am FAR more interested in is the FACT that there is strong disagreement among people who CAN argue the matter effectively on both sides. So, pay attention to what both sides say and form your own opinion.
Personally, I hope those who are convinced it will either have little effect on inflation, or even help to reduce it, are correct.
LOL @ Cali again.
Even if what I quoted is not a fact (and I did not just make it up), 160,000 pissed off voters could prove quite significant.
And Denny claimed 2 million diabetics on the other thread
This is what y’all do make shit up
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