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re: Manchin falls in line....says he has reached a deal with Schumer on taxes, climate

Posted on 7/27/22 at 4:31 pm to
Posted by The Boat
Member since Oct 2008
175904 posts
Posted on 7/27/22 at 4:31 pm to
Are they trying to pass this through reconciliation?
Posted by Oates Mustache
Member since Oct 2011
26089 posts
Posted on 7/27/22 at 4:32 pm to
What taxes, specifically? Taxing Americans right now seems like political suicide.
This post was edited on 7/27/22 at 4:33 pm
Posted by nola tiger lsu
Member since Nov 2007
6973 posts
Posted on 7/27/22 at 4:33 pm to
I do hope an increase in and point of sale rebate for EVs is included. May have to delay a pending purchase if that is the case.
Posted by rds dc
Member since Jun 2008
21059 posts
Posted on 7/27/22 at 4:33 pm to
quote:

Reuters: U.S. DEMOCRATIC SENATOR MANCHIN SAYS HE HAS REACHED DEAL WITH SENATE DEMOCRATIC LEADER SCHUMER ON BILL TO PAY DOWN NATIONAL DEBT, LOW ENERGY AND HEALTHCARE COSTS -STATEMENT


quote:

U.S. SENATE BUDGET RECONCILIATION BILL WOULD CUT U.S. DEFICIT BY $300 BLN -BILL SUMMARY


Things that will never happen for $1,000
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
43996 posts
Posted on 7/27/22 at 4:34 pm to
quote:

Inflation Reduction Act of 2022


quote:

cut the inflation taxes Americans are paying


What does this even mean?

quote:

lower the cost of health insurance and prescription drugs


Government spending or subsidies.

quote:

ensure our country invests in the energy security and climate change solutions we need to remain a global superpower through innovation rather than elimination


Government spending or subsidies.


So.... Biden plans on reducing inflation by spending our way out of it?
Posted by udtiger
Over your left shoulder
Member since Nov 2006
112768 posts
Posted on 7/27/22 at 4:34 pm to
quote:

quote:
Reuters: U.S. DEMOCRATIC SENATOR MANCHIN SAYS HE HAS REACHED DEAL WITH SENATE DEMOCRATIC LEADER SCHUMER ON BILL TO PAY DOWN NATIONAL DEBT, LOW ENERGY AND HEALTHCARE COSTS -STATEMENT


quote:
U.S. SENATE BUDGET RECONCILIATION BILL WOULD CUT U.S. DEFICIT BY $300 BLN -BILL SUMMARY



horseshite
Posted by CubsFanBudMan
Member since Jul 2008
6022 posts
Posted on 7/27/22 at 4:37 pm to
quote:

So.... Biden plans on reducing inflation by spending our way out of it?


That's like Obama trying to tax his way out of a recession.
Posted by CaptSpaulding
Member since Feb 2012
6963 posts
Posted on 7/27/22 at 4:40 pm to
quote:

Inflation Reduction Act of 2022


Everyone has to send in all their loose change, and they are going to melt it all down.
Posted by Auburn1968
NYC
Member since Mar 2019
25228 posts
Posted on 7/27/22 at 4:43 pm to
quote:

frick, get ready for a massive increase in prescription drug prices.


Or shortages.
Posted by Jimmy2shoes
The South
Member since Mar 2014
11004 posts
Posted on 7/27/22 at 4:44 pm to
A democrat doing democrat bullshite after extorting the American people.
Posted by stout
Porte du Lafitte
Member since Sep 2006
179732 posts
Posted on 7/27/22 at 4:44 pm to
quote:

they gave Manchin an old tomato



You think he could have at least gotten a fresh tomato

The word you are looking for is ultimatum
Posted by tgerb8
Huntsvegas
Member since Aug 2007
6585 posts
Posted on 7/27/22 at 4:46 pm to
quote:

I now propose and will vote for the Inflation Reduction Act of 2022. Rather than risking more inflation with trillions in new spending, this bill will cut the inflation taxes Americans are paying, lower the cost of health insurance and prescription drugs, and ensure our country invests in the energy security and climate change solutions we need to remain a global superpower through innovation rather than elimination,” he added.


I haaaate the government so much. why would you make a bill called the "inflation reduction act" that apparently deals with "health insurance," "prescription costs," "energy security," and "climate change?"

it's fcking money laundering, pure and simple. at the expense of, you guessed it, not only NOT reducing expenses, but also speeding up inflation.
Posted by trinidadtiger
Member since Jun 2017
18866 posts
Posted on 7/27/22 at 4:47 pm to
quote:

quote:
Inflation Reduction Act

lol


To be fair Jack Carter, they are also passing a tax, so they will reduce the disposable income for everyone so they cant buy anything.

Kind of like killing off half the population and saying.....we have a 50% reduction in victims of crime.
Posted by LRB1967
Tennessee
Member since Dec 2020
22958 posts
Posted on 7/27/22 at 4:50 pm to
Our country is completely screwed!
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
70184 posts
Posted on 7/27/22 at 4:50 pm to
quote:

So.... Biden plans on reducing inflation by spending our way out of it?



They really believe this works

fricking econ 1001.
Posted by Stuttgart Tiger
Branson, MO
Member since Jan 2006
15430 posts
Posted on 7/27/22 at 4:55 pm to
Wonder what concessions he got for switching his vote?

Gotta be a "I'll scratch your back and you'll scratch my balls" deal here.
Posted by FATBOY TIGER
Valhalla
Member since Jan 2016
12910 posts
Posted on 7/27/22 at 4:56 pm to
Doing exactly what they shouldn't.
Posted by VADawg
Wherever
Member since Nov 2011
47804 posts
Posted on 7/27/22 at 4:56 pm to
quote:

Taxing Americans right now seems like political suicide.


I've said this before: Despite their horrendous poll numbers and unpopular messaging, they're doubling down on it instead of easing off. They're not acting like people who are concerned they might lose elections. That should be incredibly alarming to everyone.
Posted by RCDfan1950
United States
Member since Feb 2007
38792 posts
Posted on 7/27/22 at 5:02 pm to
They don’t think Trump Nation are idiots, NV, just immoral and selfish. And they don’t believe that Freedom Lovers will essentially destroy the Government which has become the basis for ALL economic interactions. Because we all know the pain that would bring. That are betting that we’ll let it go and accept “fundamental change “. I have no idea what happens other than an assured collapse of the Private Economy either way. Just immigration alone will do that. They are not going back; only the very worst. Massive Government spending means massive inflation. And the Dems/MSM will gas light the Cities if the Right tries.
Posted by Indefatigable
Member since Jan 2019
35826 posts
Posted on 7/27/22 at 5:05 pm to
quote:

U.S. SENATE BUDGET RECONCILIATION BILL WOULD CUT U.S. DEFICIT BY $300 BLN -BILL SUMMARY

Wonder if this number was identified by the Congressional Budget office. The CBO has never even been in the correct ballpark on anything, ever.
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