Inflation Reduction Act

[Orangeburst]

The one constant these days is that you can be absolutely assured that congressional bills have absolutely no chance of accomplishing whatever they have chosen to call the bill.

Bingo. The George Costanza Effect.
Just think about it..this $54B Chip Bill is nothing but permissive law which allows a private company to invest sans taxes! So the gov ( state or Feds) by taxation gets to choose who is EXEMPT for their own taxation policy to allow such growth.
This is not capitalism, this is the opposite disguised.

 

[ETV]

Please tell us where we should be getting our news.

That's for you to decide.

 

[Vol8188]

It's downright tyrannical for someone to change the definition of "recession."
However, there's nothing wrong with changing "armed insurrection" into "peaceful protest."
Glass houses and all that.

lol armed? You seem to be using that word loosely.

 

[Carl Pickens]

He provided zero leadership and allowed Fauci/Birx to set the WH narrative. He simply couldn't pull himself away from the mic long enough to get a plan in place. His massive spending both before and during covid set the groundwork for what we're experiencing now.

Hindsight is 20/20. The PPP saved a ton of small businesses

 

[Redleg68]

Botched Covid.

Please tell me what country in the world did not botch Covid

 

[Carl Pickens]

Here’s another screwing for the American people
What's in the Manchin-Schumer deal
Total raised: $739 billion
$313 billion — The legislation will raise revenues in part by imposing a corporate minimum tax of 15 percent.
Corporations will pass this along to the consumer
$288 billion — The agreement calls for prescription drug pricing reform, which will allow Medicare to negotiate drug prices. Out-of-pocket costs will be capped at $2,000, the agreement summary says.
$124 billion — This revenue will be raised through Internal Revenue Service tax enforcement.
Their going to screw you here
$14 billion — The two senators said the bill would raise these funds by closing the carried interest loophole. In the agreement, they note that there will be no new taxes imposed on families making $400,000 or less(total BS) and that they are making the “biggest corporations and ultra-wealthy pay their fair share.”
$369 billion — The legislation would contribute this amount in energy and climate provisions, which Manchin and Schumer said would “invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030.” More shovel ready type BS
$64 billion — The remaining investment is the estimated cost of three years of subsidies for Affordable Care Act premiums — an increase from the two-year extension Manchin had originally agreed to.More welfare

this is just a huge tax increase with a lot of pork to go along with it

 

[K-town Vol Fan]

Please tell me what country in the world did not botch Covid

Obama created pandemic response plans because of the ebola outbreak. Trump promptly discarded them when he took office.

 

[85SugarVol]

Obama created pandemic response plans because of the ebola outbreak. Trump promptly discarded them when he took office.

Caw! Caw!

 

[BreatheUT]

This is another redistribution bill.

 

[85SugarVol]

Wiki right now -

In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales".[6]

In the United Kingdom and other countries, it is defined as a negative economic growth for two consecutive quarters.

Mercy…

 

[BreatheUT]

Wiki right now -



Mercy…

When was the last update?

 

[GroverCleveland]

She went thru a busted out window toward lawmakers. She had to because the door you suggest she used was barricaded for protection

She must have been a royal badass then to deserve being shot for going through a busted out window unarmed. Or, to paraphrase William Munny from Unforgiven, “If she’s going to go through a busted door window, she should arm herself.”
Spetsnaz? Ex-NSA/CIA? Deadly Viper Assassination Squad, perhaps?

 

[GroverCleveland]

This whole bill is an oxymoron proposed and backed by lots of morons.

What’s really scary is there are real people who believe all the crap in that summary.

 

[GroverCleveland]

Obama created pandemic response plans because of the ebola outbreak. Trump promptly discarded them when he took office.

No, Obama did not.

 

[SpaceCoastVol]

This is another redistribution bill.

You'd expect something different?

 

[TNVOLNAVY]

Here’s another screwing for the American people
What's in the Manchin-Schumer deal
Total raised: $739 billion
$313 billion — The legislation will raise revenues in part by imposing a corporate minimum tax of 15 percent.
Corporations will pass this along to the consumer
$288 billion — The agreement calls for prescription drug pricing reform, which will allow Medicare to negotiate drug prices. Out-of-pocket costs will be capped at $2,000, the agreement summary says.
$124 billion — This revenue will be raised through Internal Revenue Service tax enforcement.
Their going to screw you here
$14 billion — The two senators said the bill would raise these funds by closing the carried interest loophole. In the agreement, they note that there will be no new taxes imposed on families making $400,000 or less(total BS) and that they are making the “biggest corporations and ultra-wealthy pay their fair share.”
$369 billion — The legislation would contribute this amount in energy and climate provisions, which Manchin and Schumer said would “invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030.” More shovel ready type BS
$64 billion — The remaining investment is the estimated cost of three years of subsidies for Affordable Care Act premiums — an increase from the two-year extension Manchin had originally agreed to.More welfare

this is just a huge tax increase with a lot of pork to go along with it

Yippee! Manchin gets his Mountain Valley pipeline for West Virginia.

 

[loggervol]

Here’s another screwing for the American people
What's in the Manchin-Schumer deal
Total raised: $739 billion
$313 billion — The legislation will raise revenues in part by imposing a corporate minimum tax of 15 percent.
Corporations will pass this along to the consumer
$288 billion — The agreement calls for prescription drug pricing reform, which will allow Medicare to negotiate drug prices. Out-of-pocket costs will be capped at $2,000, the agreement summary says.
$124 billion — This revenue will be raised through Internal Revenue Service tax enforcement.
Their going to screw you here
$14 billion — The two senators said the bill would raise these funds by closing the carried interest loophole. In the agreement, they note that there will be no new taxes imposed on families making $400,000 or less(total BS) and that they are making the “biggest corporations and ultra-wealthy pay their fair share.”
$369 billion — The legislation would contribute this amount in energy and climate provisions, which Manchin and Schumer said would “invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030.” More shovel ready type BS
$64 billion — The remaining investment is the estimated cost of three years of subsidies for Affordable Care Act premiums — an increase from the two-year extension Manchin had originally agreed to.More welfare

this is just a huge tax increase with a lot of pork to go along with it

maybe chuck and nancy threw in some stock advice also.

 

[marcusluvsvols]

View attachment 475896

Higher taxes..awesome
So 288B for Prescription Reform has been sitting out there for how long?
The IRS not been doing their job?
An interest Loophole? Sounds so DCish
I am sure their estimations are as accurate as a LG prediction as well.

And dont forget the 54B Chip Bill this week. Good job fellas.

Here’s another screwing for the American people
What's in the Manchin-Schumer deal
Total raised: $739 billion
$313 billion — The legislation will raise revenues in part by imposing a corporate minimum tax of 15 percent.
Corporations will pass this along to the consumer
$288 billion — The agreement calls for prescription drug pricing reform, which will allow Medicare to negotiate drug prices. Out-of-pocket costs will be capped at $2,000, the agreement summary says.
$124 billion — This revenue will be raised through Internal Revenue Service tax enforcement.
Their going to screw you here
$14 billion — The two senators said the bill would raise these funds by closing the carried interest loophole. In the agreement, they note that there will be no new taxes imposed on families making $400,000 or less(total BS) and that they are making the “biggest corporations and ultra-wealthy pay their fair share.”
$369 billion — The legislation would contribute this amount in energy and climate provisions, which Manchin and Schumer said would “invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030.” More shovel ready type BS
$64 billion — The remaining investment is the estimated cost of three years of subsidies for Affordable Care Act premiums — an increase from the two-year extension Manchin had originally agreed to.More welfare

this is just a huge tax increase with a lot of pork to go along with it

Anyone else do the math on this IRS bullsheit???

124 billion more dollars taken from 330 million American citizens????

That is 375 fecking dollars for EVERY MAN WOMAN AND CHILD in this country. So $1500 more taxes on average per family of 4?????

That is NET. AFTER the cost of hiring and paying all the new IRS employees to actually ROB the peasants ....so how much do we ACTUALLY get robbed for GROSS?

What about the fact that only about half the adults in this country EVER pay net income tax? Does that DOUBLE the amount taken from those of us who actually do pay???


How do they figure on jacking everyone for all this $ without changing all the tax law??? They think Americans are getting away somehow with NOT paying 6 grand per household or 12 grand per paying household in taxes per year?


This is supposed to be the party of the "adults are in charge again".

Lmfao!!! Feck you stupid liberal bastards. HUGE tax raise on the front end of a recession????

Hahahahahahahahahahahaha

Dimwits actually cannot be any more fecking inept and backward than they are without straight up cross dressing with clown makeup on and publicly smoking crack on the steps at the Lincoln Memorial on a daily basis for all the world to see. They could literally feck up a free lunch. Its like Afghanistan on repeat for this administration...who let the most powerful military in the world ...NO...ORDERED the most powerful military in the world...to be publicly humiliated and get its ass handed to it by a ragtag group of muslim rednecks at BEST maybe a couple hundred strong???

You couldnt make this stuff up. If it were fiction just 20 years ago, the critics would trash it as "too far fetched' and " the author clearly lost touch with reality." This goverment is an overbearing, over reaching, liberty encroaching embarrassment to every American both living and dead. I hope they all get azz cancer and shingles and their fingers fall off so they cannot even scratch.

 

[C-south]

No, Obama did not.

Ignore the drug addicts.

 

[BreatheUT]

Anyone else do the math on this IRS bullsheit???

124 billion more dollars taken from 330 million American citizens????

That is 375 fecking dollars for EVERY MAN WOMAN AND CHILD in this country. So $1500 more taxes on average per family of 4?????

That is NET. AFTER the cost of hiring and paying all the new IRS employees to actually ROB the peasants ....so how much do we ACTUALLY get robbed for GROSS?

What about the fact that only about half the adults in this country EVER pay net income tax? Does that DOUBLE the amount taken from those of us who actually do pay???


How do they figure on jacking everyone for all this $ without changing all the tax law??? They think Americans are getting away somehow with NOT paying 6 grand per household or 12 grand per paying household in taxes per year?


This is supposed to be the party of the "adults are in charge again".

Lmfao!!! Feck you stupid liberal bastards. HUGE tax raise on the front end of a recession????

Hahahahahahahahahahahaha

Dimwits actually cannot be any more fecking inept and backward than they are without straight up cross dressing with clown makeup on and publicly smoking crack on the steps at the Lincoln Memorial on a daily basis for all the world to see. They could literally feck up a free lunch. Its like Afghanistan on repeat for this administration...who let the most powerful military in the world ...NO...ORDERED the most powerful military in the world...to be publicly humiliated and get its ass handed to it by a ragtag group of muslim rednecks at BEST maybe a couple hundred strong???

You couldnt make this stuff up. If it were fiction just 20 years ago, the critics would trash it as "too far fetched' and " the author clearly lost touch with reality." This goverment is an overbearing, over reaching, liberty encroaching embarrassment to every American both living and dead. I hope they all get azz cancer and shingles and their fingers fall off so they cannot even scratch.

I was with you until that last part. I don't wish sickness on the liberal Marxists but d@mn its hard. However, if I had 3 wishes my first would be to zap them all to Siberia. They are some the most feekless humans on earth but somehow has found a way to guilt people into controlling the levers of government.

 

[Vol423]

Here’s another screwing for the American people
What's in the Manchin-Schumer deal
Total raised: $739 billion
$313 billion — The legislation will raise revenues in part by imposing a corporate minimum tax of 15 percent.
Corporations will pass this along to the consumer
$288 billion — The agreement calls for prescription drug pricing reform, which will allow Medicare to negotiate drug prices. Out-of-pocket costs will be capped at $2,000, the agreement summary says.
$124 billion — This revenue will be raised through Internal Revenue Service tax enforcement.
Their going to screw you here
$14 billion — The two senators said the bill would raise these funds by closing the carried interest loophole. In the agreement, they note that there will be no new taxes imposed on families making $400,000 or less(total BS) and that they are making the “biggest corporations and ultra-wealthy pay their fair share.”
$369 billion — The legislation would contribute this amount in energy and climate provisions, which Manchin and Schumer said would “invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030.” More shovel ready type BS
$64 billion — The remaining investment is the estimated cost of three years of subsidies for Affordable Care Act premiums — an increase from the two-year extension Manchin had originally agreed to.More welfare

this is just a huge tax increase with a lot of pork to go along with it

Historical evidence strongly suggests that by giving the Biden administration the ability to negotiate ANYTHING, healthcare costs are likely to dramatically increase as a result of letting Medicate ”negotiate” the cost of drug prices with pharma companies.

 

[Carl Pickens]

Historical evidence strongly suggests that by giving the Biden administration the ability to negotiate ANYTHING, healthcare costs are likely to dramatically increase as a result of letting Medicate ”negotiate” the cost of drug prices with pharma companies.

This BS bill will do nothing but make inflation worse

 

[Rasputin_Vol]

We are going to turn into a competitor anyways whether they like it or not. Might as well be the foundation and have a better chance to take the market while being in the US.

I've read your quote. It still doesn't give me a reason why Taiwan would willingly turnover their clear economic advantage at this point. If they keep production there, it is more likely we will step in whenever China acts. But if they move any portion of production here, the leadership here may blink or think twice about taking action.

 

[Vol423]

Yippee! Manchin gets his Mountain Valley pipeline for West Virginia.

…which the Biden administration will promptly scrap altogether before the project ever breaks ground.

 

[Rasputin_Vol]

It is a damned shame that in this amazing country which is built on the backs of extraordinary people who are giving and generous far more than any other society, we have such horrible choices for leadership.

Oh, we have had better and more qualified choices in the past, but they weren't sexy enough, or they didn't check one or two boxes on the list. Anybody that voted for McCain or Romney should not be in this discussion. And if anyone is popping off about Nikki Haley, Mike Pompeo or Larry Hogan, they need to take a seat, also. Our best hope is Trump in 2024 and hopefully one of these Trump/non-mainstream conservatives that Trump has endorsed is ready for primetime in 2028. Trump would just be holding a seat for 4 years until we (hopefully) get a better crop of candidates under 70 years old.