Posted on 07/28/2022 10:38:30 AM PDT by Oldeconomybuyer
WASHINGTON (AP) — President Joe Biden declared his support Thursday for the “historic” inflation-fighting agreement struck by Senate Majority Leader Chuck Schumer and holdout Democratic Sen. Joe Manchin, an expansive health care and climate change package that had eluded the White House and seemed all but lost.
Biden said the bill will be a “godsend” for American families.
“This bill would be the most significant legislation in history to tackle the climate crisis,” Biden said. He said it will also lower healthcare costs for millions of Americans who buy their own health insurance under the Affordable Care Act.
Biden vowed the package will not raise taxes on anyone earning less than $400,000 a year. Instead the 15% corporate minimum tax will help fund the new costs, with extra going to deficit reduction.
He acknowledged the final product was a compromise, but was upbeat that it would win support in Congress.
The $739 billion package, not as much as Biden once envisioned, remains a potentially remarkable achievement for the party, with long-sought goals of addressing health care and climate, while raising taxes on high earners and large corporations and reducing federal debt.
(Excerpt) Read more at apnews.com ...
Depends on who your “god” is
Another massive spending program guaranteeing inflation as far as the eye can see. A ‘godsend’ alright.
Are you effing sh!**ing me? Its going to get us into stagflation. The AP, especially these 2 dim party boot lickers (Moscaro is particularly bad), just parrot the garbage out.
What about that democrat senator from Arizona, is she on board with this?
Manchin has been a preening phony all this time.
When Bidet says “Godsend”, that means you’re screwed.
Not only did Brandon manage to stumble thru a teleprompter speech for a few minutes reading what was written for him, BUT
Once again in an almost sprint like shuffle he quickly escaped the room so that he could avoid any questions from the press, so as to not provide his usual incoherent answers from a list.
His dementia must be very very bad, what a national embarrassment.
Like a flood?
Does Manchin get to rename everything in West Virginia that is currently named Byrd?
Machin will never get to go home now.
“Machin will never get to go home now.”
Perhaps Manchin has finally secured a fortune and a retirement home on the French Riviera. He definitely has destroyed his political future.
Well we finally found out the whore’s price.
What “god”?
Amos 4:12
IOW, we’re screwed.
“ESG”
That’s environmental, social, and corporate governance,
which evaluates the extent to which a corporation works on behalf of social goals [blah blah].
The bill Will raise $739 billion. Roughly $369 billion would be spent on climate and energy programs, including tax credits for buying electric vehicles, with another $64 billion dedicated to extending healthcare subsidies for three years for some Affordable Care Act users. The bill would dedicate the rest of the new revenue toward reducing the deficit.
I’m against that climate and energy spending which probably means battery, solar, wind and the EV subsidies.
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