More than 360 economists have now signed a statement opposing “Inflation Reduction Act” to warn that Democrats’ Schumer-Manchin spending bill will perpetuate inflation.https://t.co/j0pIlZOdyB #FoxBusiness @TPPF @A1Policy @taxreformer @StatePolicy @feeonline @FreedomWorks
— Vance Ginn (@VanceGinn) August 11, 2022
Friday, August 12, 2022
This is simply a bad bill!
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7 comments:
Other economic experts said
On the tax side, the bill would impose a 15% corporate alternative minimum tax aimed toward rich corporations that have been able to shrink their tax burden far below the 21% rate. Will decrease the deficit and reduce inflation.
Now that the House has passed so major a part of Biden's agenda, we will see how it plays out.
The bill is a massive accomplishment for Democrats and was thought to be dead just a few weeks ago.
Every single Democrat voted in favor of the bill.
No Republicans.
Historians will take note.
Biden says inflation is 0% now. So we don't need this bill now right?
Unless it's not really for inflation reduction.
The laws apply regardless of whether or not the documents were classified, so even if Trump can claim he declassified them (a procedure he did not pursue),
it doesn't matter.
https://www.nbcnews.com/nightly-news/video/fbi-seized-11-classified-documents-from-trump-s-mar-a-lago-home-146070597908
Blogger Coldheartedtruth Teller said...
Other economic experts said
On the tax side, the bill would impose a 15% corporate alternative minimum tax aimed toward rich corporations that have been able to shrink their tax burden far below the 21% rate. Will decrease the deficit and reduce inflation.
17% tax hike on all Americans that use natural gas, idiots
The House Republicans decided not to challenge The Inflation Reduction Act
House Republicans on Friday abandoned a plan to prime a constitutional challenge against Democrats' $740 billion tax, climate and health care bill.
Why it matters: The plan, spearheaded by the House Freedom Caucus, was meant show the Republican base that, even in the minority, the party was flexing what leverage they have to block Democrats' legislative initiatives.
“With final House passage of the Inflation Reduction Act on Friday, President Biden is poised to deliver the latest in a series of legislative victories that will ripple across the country for decades — lowering the cost of prescription drugs, extending subsidies to help people pay for health insurance, reducing the deficit and investing more than $370 billion into climate and energy programs.”
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