Skip to comments.Reuters Analysis: Democrats score big wins on climate, drugs with $430 billion U.S. Senate bill
Posted on 08/08/2022 3:54:53 AM PDT by Oldeconomybuyer
WASHINGTON (Reuters) - Democrats scored a major policy victory when the U.S. Senate passed a $430 billion climate change, healthcare and tax bill that will help reduce the carbon emissions that drive climate change while also cutting drug costs for the elderly.
President Joe Biden's congressional allies hope the bill, which they pushed through the Senate over united Republican opposition, will boost their chances in the Nov. 8 midterm elections, when Republicans are favored to recapture the majority in at least one chamber of Congress.
The package, called the Inflation Reduction Act, is a dramatically scaled-back version of a prior bill that was blocked by maverick Senate Democrats Joe Manchin and Kyrsten Sinema as too expensive.
"This is one of the most comprehensive and impactful bills Congress has seen in decades: it will reduce inflation, it will lower prescription drug costs, it will fight climate change, it will close tax loopholes, and it will reduce -- reduce -- the deficit," Senate Majority Leader Chuck Schumer said.
"For families struggling to pay the bills, for seniors struggling to pay for medications, for kids struggling with asthma. This bill is for them," he said.
Economists, who say the legislation could help the Federal Reserve combat inflation, do not expect a sizeable impact on the economy in coming months.
(Excerpt) Read more at news.yahoo.com ...
“Win”?! Major loss to all Americans.
More trillions to the debt (because you know this ain’t gonna cost just $430b).
What’s a win to Rooters and the globalist Satanist Stalinazis is a loss to normals.
“For families struggling to pay the bills, for seniors struggling to pay for medications, for kids struggling with asthma. This bill is for them,” he said.”
Never mind that the value of the dollar has been inflated to the stratosphere and most everything is triple the cost, if you can find it.
Thank your local Rat, RINO, and commie for this fine mess.
Will probably make inflation worse. More government, less private industry. They are killing America one spending bill after another. The debt alone will make it hard for small business capital investments.
This is not a win for anyone, and it shows that Congress thinks it’s winning when it’s spending, not saving, money.
Anyone know what’s in the 700+ page bill?
Has Deep State finally managed to get nationwide RCV passed...?
And Americans are so ignorant as to buy into the con.
This is going to end, at some point. And it's not going to be pretty.
Either most Americans are idiots or Reuters is propagandizing Joebama
Can anyone find a link to the damn bill...
Because I can’t.
Peons are not privy to such.
Here’s a link, but only in .pdf not HTML...
That’s handy, isn’t it...
Less of a PITA.
What are they doing with that money we don’t even have? Paying off donors for their expected huge Nov losses most likely.
Interesting vaccine exceptions in there for Big Pharma...
Top secret, of course.
After all the billions for this and that, piled on top of all the billions for ukraine, it is becoming glaringly obvious that ‘spending’ has no relation whatsoever to the intake of federal tax dollars. It’s “SMU” plain and simple.
Next - I refer all to the Grace Commission, setup in the 1980’s by Reagan. The report basically told the world that no IRS 1040 tax dollars pay for any federal program.
IRS 1040 ‘money’ goes to the owners and shareholders of the private, non-federal, non-reserve Federal Reserve. That are basically being paid fiat dollars for the privilege given to them in the 1930’s to print fiat dollars.
And, note that the IRS is merely a corporation based in Puerto Rico.
119 uses of the word “tax”...
The CNN link has the text of the bill. And there’s a search feature.
What I’ve read so far is an almighty cluster...
Does it increase the IRS budget by 600%?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.