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 ...
“Anyone know what’s in the 700+ page bill?”
Probably everything SCOTUS shot down as unconstitutional over the last 20 years.
IRS: Gestapo in the Making The police powers of the 87,000 new taxmen.
Ultimately those are the two teams playing.
Gina Carano posts a childrens cartoon from 1948. WE NEED TO BRING THESE BACK!!!
Wow. Frickin' prescient.
Someone please correct me if I am wrong, but isn’t every bill that raises or spends money supposed to originate in the House?
This is more of the same lies and BS thrown at us from the tyrants in Washington.
Example.
No tax increase on the middle class (whatever that is). BUT, the plan is to double the size of the enforcement division of the IRS. The IRS will return to the days of Lois Learner and harass the fifty percent of us WHO do pay our taxes.
So sad — so (very) bad.
It doesn’t matter what’s in the bill.
It just matters that the media will use it
to say what a great prez Biden is; and don’t forget
about Kammie, she’s great too.
So go out this fall and vote for a demmie.
Early and often.
The supposed neutral arbiter in the Senate allowed this on a 51-50 vote, even though it really by their own rules needed 60 votes to pass.
For all the people who decry Rino Senators (including me), no Republican voted for this.
The RATS and their foreign invaders are big “winners”. It’s the American people who are the losers here.
And not a single word of adding 87,000 new IRS agents to their gestapo that will harass and eat the substance out of hard working Americans.
...in other words...the usual from D.C. whores.
Economists, who say the legislation could help the Federal Reserve combat inflation‘’
————-
I could jump off my roof and not get hurt. Such low IQ drivel
dem slush fund. that’s all it is
Drug price negotiation with big big pharma only means one thing, rationing. An un intended consequence.
Having Reuters in your hip pocket is such a boon to the Dems. As long as that side of the political aisle controls mass (and social) media, they can do whatever they want when they want.
So, Manchin is a Democrat squish. I guess they have those, too.
Liberals have always been cucks to Socalists and Msrxists.
$370 Billion of the total goes to inflationary corporate welfare spending on the “Green Energy” farce.
Can you imagine how productive our real traditional Energy companies could be if they got this flush of money. We could build all the refineries we needed.
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