Quote:
Originally Posted by Chico23231
The Inflation reduction act….which is a lie to begin with, it doesn’t lower inflation….
Will raise taxes on everyone, confirmed:
The bipartisan Joint Committee on Taxation calculated that, altogether, the bill will raise taxes on every income bracket and that people making less than $400,000 a year will bear most of the total tax increase.
Feel free to check the facts here:
https://www.finance.senate.gov/imo/m...uction_act.pdf
So during a recession, facing historic inflation spurned by the American Rescue plan and Biden energy policy, now he will raise taxes on Americans working the hardest. |
chico we understand you're against anything good Biden does but you need to educate yourself.
https://equitablegrowth.org/the-econ...onomic-growth/
The economic evidence behind the Inflation Reduction Act and why it will boost strong, broad-based economic growth
The Inflation Reduction Act spells good news for the U.S. economy. The proposed legislation now before the U.S. Senate would make historic investments to combat climate change, lower healthcare costs, and crack down on tax evasion. All three of these policy actions would help tame rising inflation by lowering the cost of energy, prescription drugs, and health insurance, and by raising the federal revenue required to both pay for these programs and reduce the federal budget deficit.
The importance of the Inflation Reduction Act must also be gauged not just by how well it will deal with rising inflationary pressures but also how the proposed legislation addresses persistent and growing economic inequality in the United States. Over the past five decades, inequality soared while growth stalled. Despite promises to the contrary, the old prescription of tax cuts for the rich and reduced public investment are not working for U.S. workers and their families.