“Inflation reduction act” pic.twitter.com/KjK3zaTou9
— Art TakingBack 🇺🇸 (@ArtValley818_) August 8, 2022
Senate Passes Schumer-Manchin Middle-Class Tax Increase and Green Boondoggle Bill.
“The bill raises more than $700 billion in tax revenue and spends over $400 billion. The key elements include extending Affordable Care Act subsidies, a suite of climate-related spending and tax credits, provisions on fossil fuel energy, a 15% minimum corporate tax rate and more.”
— Schmitty (@JxSchitt) August 8, 2022
Manchin’s betrayal of his state is something to behold. pic.twitter.com/Z0uNtnlmrp
— Ned Ryun (@nedryun) August 7, 2022
And then we’ll tell them we’ll bring down inflation by printing loads more money and making energy more expensive. #InflationReductionAct pic.twitter.com/kDacVYYBn5
— World Ecommunist Forum (@EcommunistForum) August 8, 2022
Inflation rises to highest rate in 40 years in gauge favored by Fed
I want to take a moment to say a few words about the so-called Inflation Reduction Act’ that we are debating this evening,’ Sanders, of Vermont, said on the Senate floor. ‘And I say so-called, by the way, because according to the CBO, and other economic organizations that study this bill, it will, in fact, have a minimal impact on inflation.’
It lists a sprawling collection of President Joe Biden’s priorities on climate, energy, health and taxes, but Sanders said it would do little for the average American dealing with the highest levels of inflation in 41 years.
