https://www.foxbusiness.com/politic...m-inflation-bill-despite-bidens-past-promises HYPERLINK has full article snip The Inflation Reduction Act — unveiled Wednesday by Sen. Joe Manchin, D-W.Va., and endorsed by Biden — would increase tax revenue by $16.7 billion from Americans earning less than $200,000 a year, according to a nonpartisan analysis from the Joint Committee on Taxation (JCT) published Friday. Nearly every tax bracket would pay more in taxes with those making below $10,000 per year seeing the largest uptick, the analysis showed. end snip Interesting; sign EO's that wage war on fossil fuels. Prices on everything rises due to that war. Inflation rages, we are past our 2nd quarter of being in a recession and now what do Democrats want..............more taxes from the same folks they have injured I hope to God that the avg folks turn off NPR and ABC etc and vote out Democrats in November. This is nuts.
Democrats true to themselves: when their lips are moving they are nothing but liars! As if Biden and company have not worked to destroy the American economy enough and cause us all to feel the pain, here comes more. The lie: Americans earning less than $400,000 per will not experience tax increases. The truth: Those making less than $10,000 will get hit the hardest and the American middle class is going to feel this one. I still wonder if those independents are thrilled with their liberal votes in 2020? If they are, they must have more money than God so none of this matters to them.
I think they should assign a mod to patrol the current events forum on a daily basis and delete all the opinion threads posing as current events and start infracting the serial culprits. This is getting ridiculous.
Sec, have you actually read the bill? Here is what the bill entails: AMT Individual and Corporate tax of 15%, in orther words, reintroducing the AMT so that everyone pays a "minimum tax", especially the rich. Under current law, without any help from NOLs or other things, a person who itemizes can reduce their tax liability to zero under certain "preference tax items" that used to be under the code. Prescription drug pricing reform IRS enforcement Budget Carried interest loophole, aka, taxing it at ordinary income. The only people who are affected by this are mutual fund managers and companies. Investments include: Energy and Security Climate Change Affordable Care Act Extension Both of these are investments that mean jobs here. Affordable Care Act investment is to shore up the individual health insurance plans out there to both individuals and health insurance companies so that people with pre-existing conditions and those who do not work for an employer offered health insurance plance can have health insurance. By the way, this is the Manchin-Schumer Deal from a few days ago. https://www.natlawreview.com/article/summary-inflation-reduction-act-2022 https://www.democrats.senate.gov/imo/media/doc/inflation_reduction_act_one_page_summary.pdf
The "R Word"! “FACT-CHECKING” IS JUST LIES AND PROPAGANDA: ‘We live in an Orwellian hell-scape’: Facebook fact-checks top economist for stating America IS in a recession after Biden refused to admit it. "Facebook placed a ‘fact-checking’ label on a post written by a top economist stating that the United States is now in a recession – a move he termed ‘Orwellian’." "Two consecutive quarters of negative growth is the standard definition of a recession, and Phillip Magness, the research and education director at the American Institute for Economic Research, posted on Facebook a commentary about the country now being in a recession." "The post – which is no longer visible – was marked by Facebook’s fact checkers as being misleading." ‘We live in an Orwellian hell-scape,’ he tweeted. ‘Facebook is now ‘fact checking’ anyone who questions the White House’s word-games about the definition of a recession.’ Voters know.
Hmmmm. Opinion? Republicans argue economic deal will raise taxes, citing non-partisan data | CNN Politics
interesting when the facts do not bode well for the Democrat party; they get defined as "opinion" When the country is in recession during full Democrat control; just tell the media to re-define the term recession That is all that the Democrat party has. It's a train wreck but don't call it a train wreck. Then, life becomes hunky dory................right?
That is likely what will happen in November- despite the Red Moron's doing everything in power to twart a Red Surge .. putting abortion front and center .. an action so stupid .. on so many levels .. that folks should not vote for these fkn idiots simply on the basis of being too stupid to hold office. Just lucky that Blue has gone so far off the ranch .. that even the Red clown show looks good by comparison.
Dude. Multiple news services across many platforms are picking this up. I know it's inconvenient, but try to stay on topic would ya?
Perception becomes reality. We all heard that Trump killed people due to Covid. Now, with vaccinations and better treatments, despite the death count far exceeding during Trump, we hear nothing from the media. Why? Full Democrat control in DC is the obvious reason. Redefine recession, redefine tax increases pee on me and tell me it's raining; maybe I'll believe you
Still amusing that Democrats still think the rich and corporations pay taxes. It's the consumer that pays any tax increase. Taxes are merely a pass through cost. And don't forget, it's congress and lobbyist (primarily lobbyist) that write our tax code.
Congress just voted to spend $280 billion to subsidize domestic microchip manufacturing and fund science and tech research (Chips and Science Act). Chuck Schumer and Democrat Sen. Joe Manchin to spend an additional $739 billion on green energy and healthcare subsidies (Inflation Reduction Act). $280b + $739b = $1 Trillion. By spending $1 Trillion, I'm sure we will get inflation under control. Tax-and-spend, that's all the Dems have. November can't come fast enough.
It befuddles my mind that the government continues to parashute money into black holes, then get shocked. SHOCKED that it does nothing to inflation. It's a spending bill, its very origin is a spending bill. The name is a *******n lie. A typical Washington lie like the 'affordable' care act. So affordable that as a few posts ago mentioned, the government is injecting liquid capital into it!
I was responding to this: "Interesting; sign EO's that wage war on fossil fuels. Prices on everything rises due to that war. Inflation rages, we are past our 2nd quarter of being in a recession and now what do Democrats want..............more taxes from the same folks they have injured". We are all wise to the orwellian nature of Dems naming things in ways that do not reflect their content. For example, this "anti-inflation bill" which is necessary because of the recession, caused by Dems ill considered spending, actually does not to nothing to combat inflation OR lower the deficit.
I don't think that anyone who earns less than $10,000 a year pays any taxes. They're all on welfare. What are they going to do, tax their welfare benefits?
