Manchin and Schumer just struck to curb inflation, tax corporations, and fight climate change

www.msn.com ^ | 7/24/2022 | Deaf and Delirious

[Deaf and Discerning]

- On Wednesday, Sen. Joe Manchin reached a deal with Senate Majority Leader Chuck Schumer.

- They said The Inflation Reduction Act of 2022 should help ease inflation and fight climate change.

- It breaks a stalemate on President Joe Biden's agenda that lasted for nearly a year.

[gundog]

So, prepare for counter-productive unintended consequences?

[BookmanTheJanitor]

Basically…a love letter to China.

[Repeal The 17th]

“...Read more at msn.com ...”
-
No thanks...

[Observator]

Just started reading about this, so I'd say straight up I'm fairly ignorant.

What I've read about allowing HHS to negotiate an increasing number of prescription drug prices over the next several years is a positive unless you're on the PFE board.

[Zenjitsuman]

Here comes higher taxes to slow inflation.
What we need is a balanced budget and less debt.

[Born in 1950]

It's all distraction. One thing is happening.. collapse. Doesn't matter what anyone does. Can make it better or even stay the same. The losers and promisers are interchangeable NPCs.

I've no answers, maybe someone does but they'll never tell.

[Observator]

What we need is a balanced budget and less debt.

Well said. What blows me away is that any family or corporate budget would take the debt issue seriously, but the Fed approach is to keep kicking the can down the road.

[MAGAthon]

man-made “hot spots”:

27 July: WattsUpWithThat: New Surface Stations Report Released – It’s ‘worse than we thought’
by Anthony Watts
MEDIA ADVISORY: 96% OF U.S. CLIMATE DATA IS CORRUPTED

Official NOAA temperature stations produce corrupted data due to purposeful placement in man-made hot spots

Nationwide study follows up widespread corruption and heat biases found at NOAA stations in 2009, and the heat-bias distortion problem is even worse now...
https://wattsupwiththat.com/2022/07/27/new-surface-stations-report-released-its-worse-than-we-though

[from occupied ga]

What “unintended” consequences. The deleterious effects of their ongoing assault on our freedom and quality of life is an integral part of their plan

[Nifster]

Now we’re really screwed

[Fightin Whitey]

So, prepare for counter-productive unintended consequences?

I would guess that many will be intended, only not revealed as such.

Our hopes have been dead, now our republic as well. We will learn to live under the boot.

[RummyChick]

Just saw where Biden has offered up Viktor Bout in exchange for griner and whelan

[roving]

Trump will spend the first 3 months undoing everything the dems put in place

[Kazan]

If causing and/or deepening a recession is a way to fight inflation, then this plan will probably work.

It's pretty pathetic when stagflation is the goal.

[Flick Lives]

Spend more taxpayers money and raise taxes to fight inflation. Yeah, that’ll work. *shesh*

[nathanbedford]

Understanding the basic concept that inflation is a condition in which too few goods and services of supply are being sought by too many demand dollars, Ronald Reagan did not increase taxes but cut taxes.

To increase taxes as Biden’s new bill does to the tune of $313 billion + $124 billion plus loophole $14 billion = $ 1/2 trillion, will choke supply, only worsening inflation.

The assumption that prescription drug pricing “reform” will generate $288 billion is fanciful in the extreme and will probably result in only more government spending and generating unforeseen consequences such as big Pharma cutting production, expensive research or moving offshore. Certainly big Pharma’s lobbying efforts to find loopholes will be greatly accelerated and undoubtedly with some success.

Even assuming $300 billion in deficit reduction as advertised, that will not reduce inflation unless that money is taken out of circulation. Does anybody in his right mind think that Gubment, possessed of a windfall of $300 billion will reduce the deficit with it rather than find more special interests to please or constituents to pander to?

[Beagle8U]

This new Green-Wheenie bill would outlaw trucks and SUVs by 2030.

$5 gas would be a steal compared to the crap in this bill.

Get ready to be forced to drive one of the new elec exploding golf carts or ride pubic transportation everywhere you go.

[ncalburt]

Mitchy could STOP this with one Threat .

He will KILL all Judges in Committee until
2024 if they ram this Thru .

But he wont .

Mitchy got his Greedy CCP Owned Fingers i.ln this
Evil Bill .

[Sacajaweau]

Senators have to be in chambers for a vote (Unlike the house). I would imagine they won't be testing any Dems for Covid until the vote is done.

Who else is sick...and will be wheeled in?