Inflation Reduction Act

#277
#277
utvolpj said:
Because people are stupid. They don't understand what causes this inflation and will even buy the new definition of recession.
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I actually don't really disagree with this post. I think this is more Biden's way of getting some version of his Build Back Better passed rather than actually addressing inflation.
 
#279
#279
tvolsfan said:
I don't think they're as terrified about that as you suspect they are. While the odds are certainly against the democrats in the midterms, this bill is more popular than people on here are making it seem.
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poor reporting by the media - for example last week there was an article in here that the average household would save 1800/yr on utilities/gas. It was completely misreported but that's what the public hears.
 
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#280
#280
VolStrom said:
But they told us there wouldn't be a tax increase on anyone making less than $400k a year.
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It's not, it's revenue from the IRS enforcing it's existing laws...

Note, there will be energy taxes that will be passed onto customers but that's not factored into the "tax increase"
 
#281
#281
Septic said:
Anyone who thinks this bill is anything other than a steaming turd is high.
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Agree, lots of bad policy with the corporate minimum tax and buyback provisions.

The taxes on coal and natural gas are stupid AF at this time.

Not gutting carried interest is dumb.

The IRS funding is needed (within reason) but instead of investing in technology, they will invest in a bureaucracy that will carry out the political whims of those in charge...

As someone who does this for a living, this bill is as poorly written as TCJA with tons of regulations and technical corrections needed.
 
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#282
#282
Biden says ‘inflation’ bill funds healthcare, ‘God knows what else’ in bizarre speech

“We’ve never done this before, but because of a number of things we got done on a bipartisan basis — like a billion, 200 million-dollar infrastructure project — like what we’re doing today, we passed yesterday, helping take care of everything from health care to God knows what else,” Biden said.

Biden says 'inflation' bill funds healthcare, 'God knows what else' in bizarre speech
 
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#283
#283
Franklin Pierce said:
Biden says ‘inflation’ bill funds healthcare, ‘God knows what else’ in bizarre speech

“We’ve never done this before, but because of a number of things we got done on a bipartisan basis — like a billion, 200 million-dollar infrastructure project — like what we’re doing today, we passed yesterday, helping take care of everything from health care to God knows what else,” Biden said.

Biden says 'inflation' bill funds healthcare, 'God knows what else' in bizarre speech
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Another 700 page monstrosity of stupidity that no one even read.
 
#284
#284
BTW...where is the word "democracy" in the USC? Can someone point me to it.
No wonder they hate the USC.
 
#285
#285
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#289
#289
tvolsfan said:
I don't think they're as terrified about that as you suspect they are. While the odds are certainly against the democrats in the midterms, this bill is more popular than people on here are making it seem.
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No it's not. Gas prices will rise, bills to heat homes, goods will continue to rise. This will be yet another moment for nominees in 2024 to point to for the situation voters are in. It guarantees that the recession will extend even more.
 
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#290
#290
The average Chattanooga Gas residential customer may expect to see an average total bill for the upcoming winter months as follows: December 2022 of $125.56 as compared to December 2021 of $100.74; January 2023 of $167.05 as compared to January 2022 of $133.47; and February 2023 of $158.54 as compared to February 2022 of $121.54.
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A tax on fossil fuels will help me and reduce inflation.
1660008936288.jpeg
 
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#295
#295
Not one bit if inflation will go down. Anyone with half an objective brain can see this does nothing to help our economy
 
#296
#296
Tax Delinquent Dem Backs Plan To Hire Army of New IRS Agents

Matt Cartwright, who has a history of tax delinquency, endorses bill that more than doubles agency's size

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Rep. Matt Cartwright (Getty images)

Congressman Matt Cartwright has a history of tax delinquency. That isn't stopping the Pennsylvania Democrat from backing a plan that would sic an army of nearly 90,000 new IRS agents on the American people.

Cartwright last year owed $436.63 in penalties and interest that stemmed from late property tax payments on his Washington, D.C., condo, the Washington Free Beacon reported last week. The incident was not his first tax-related mishap—from 2013 to 2018, the Democrat racked up thousands of dollars in penalties and interest related to his tax delinquencies. Still, Cartwright on Monday announced his support for the Inflation Reduction Act, Democrats' $430 billion spending bill that does little to fight inflation and gives the IRS $80 billion to hire up to 87,000 additional employees.

Cartwright's history of tax delinquency and subsequent support for the bill could haunt the congressman as he faces a difficult reelection bid against GOP challenger Jim Bognet. Cartwright trails the Republican by 1 point with 9 percent of voters undecided, internal polling obtained by the Free Beacon shows.

Tax Delinquent Dem Backs Plan to Hire Army of New IRS Agents
 
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