An independent analysis finds the new energy bill will save households, on average, $1800 per year in energy costs

[Billy000]

The bill doesn’t go far enough, but the whole thing is a good start.

“The program dubbed the High Efficiency Electric Home Rebate Act (HEERA) sets aside $4.5 billion in direct rebates for low- and moderate-income households that install new, efficient electric appliances.

Under the proposed rebate framework, a low-income household would receive a rebate of up to $8,000 for a new heat pump, $840 for an electric stove or electric dryer, and $2,500 for updated electrical wiring, among other rebates. Matusiak said those incentives will enable 1 million households to go electric.”

Inflation Reduction Act would lead to $1,800 in savings for average household, analysis finds

Sweeping climate and health care legislation unveiled by Democrats last week would lead to significant cuts in energy costs for American households, according to a new analysis.

finance.yahoo.com

 

[Bootney Lee Farnsworth]

 

[Nostra]

An "independent" study from a MMGW Cultist who "helped craft the legislation.

Thread fail!

 

[jknowgood]

Government printing more money. What could go wrong?

 

[Dekster]

Love this comment: "I still use my bituminous coal burning clothes dryer all the time. The drawback is that all of my clothes are black and smell like soot."

Seems like a giant corporate subsidy to me since I cannot get that $8K to replace my gas furnace with a non-existent next generation one, not that I would anyway. Gas is way cheaper than electric most years.

BTW I got an energy rebate when I replaced my electric one with the HE gas one.

 

[j-mac]

Nice Bong...What's in it? Piss? lol

 

[Billy000]

Experts are divided on the effect on inflation, but some believe inflation will see relief. Another thinks if there is an increase, it would be very minimal.

“meanwhile, a study by the Penn Wharton Budget Model estimated the legislation would “very slightly increase inflation” until 2024 before pulling back. The report released Friday “indicated low confidence that the legislation will have any impact on inflation.”

The Committee for a Responsible Federal Budget (CRFB) said the new measure amounted to the largest deficit reduction bill since 2011, calling it “welcome improvement” with inflation at a 40-year high.

“In the near term, people are going to see their costs go down because lower energy costs and because health premiums aren’t going to rise,” Marc Goldwein, CRFB’s senior director of policy, said on Yahoo Finance Live (video above). “That’s not actually anti-inflationary in itself. But it can be anti-inflationary to the extent that those things are paid for, so they’re not putting more money into the economy, and to the extent that they help with expectation”

 

[Billy000]

An "independent" study from a MMGW Cultist who "helped craft the legislation.

Thread fail!

You’re just making shit up as you go along.

 

[Calypso Jones]

You can't find appliances and if and when you do there is a stupidly long wait and higher prices and theyre only going to get worse. The op is pure and utter leftist propaganda bullshit.

 

[j-mac]

The bill doesn’t go far enough, but the whole thing is a good start.

“The program dubbed the High Efficiency Electric Home Rebate Act (HEERA) sets aside $4.5 billion in direct rebates for low- and moderate-income households that install new, efficient electric appliances.

Under the proposed rebate framework, a low-income household would receive a rebate of up to $8,000 for a new heat pump, $840 for an electric stove or electric dryer, and $2,500 for updated electrical wiring, among other rebates. Matusiak said those incentives will enable 1 million households to go electric.”

Inflation Reduction Act would lead to $1,800 in savings for average household, analysis finds

Sweeping climate and health care legislation unveiled by Democrats last week would lead to significant cuts in energy costs for American households, according to a new analysis.

finance.yahoo.com

You people think that everyone is just made of money don't you?

"Over 60% of Americans are living paycheck to paycheck as inflation concerns impact savings"

Over 60% of Americans are living paycheck to paycheck as inflation concerns impact savings

Compared to a year ago, the percentage of people living paycheck to paycheck has increased from 52% to 61% in April.

www.businessinsider.com

 

[Oddball]

Experts are divided on the effect on inflation, but some believe inflation will see relief. Another thinks if there is an increase, it would be very minimal.

“meanwhile, a study by the Penn Wharton Budget Model estimated the legislation would “very slightly increase inflation” until 2024 before pulling back. The report released Friday “indicated low confidence that the legislation will have any impact on inflation.”

The Committee for a Responsible Federal Budget (CRFB) said the new measure amounted to the largest deficit reduction bill since 2011, calling it “welcome improvement” with inflation at a 40-year high.

“In the near term, people are going to see their costs go down because lower energy costs and because health premiums aren’t going to rise,” Marc Goldwein, CRFB’s senior director of policy, said on Yahoo Finance Live (video above). “That’s not actually anti-inflationary in itself. But it can be anti-inflationary to the extent that those things are paid for, so they’re not putting more money into the economy, and to the extent that they help with expectation”

If you like your plan, you can keep your plan.

Taxes won't go up one penny for those making less than $250,000.

Read my lips!

 

[CrusaderFrank]

The bill doesn’t go far enough, but the whole thing is a good start.

“The program dubbed the High Efficiency Electric Home Rebate Act (HEERA) sets aside $4.5 billion in direct rebates for low- and moderate-income households that install new, efficient electric appliances.

Under the proposed rebate framework, a low-income household would receive a rebate of up to $8,000 for a new heat pump, $840 for an electric stove or electric dryer, and $2,500 for updated electrical wiring, among other rebates. Matusiak said those incentives will enable 1 million households to go electric.”

Inflation Reduction Act would lead to $1,800 in savings for average household, analysis finds

Sweeping climate and health care legislation unveiled by Democrats last week would lead to significant cuts in energy costs for American households, according to a new analysis.

finance.yahoo.com

Wow!!

I'll add that to my $2,500 Obamacare savings!

 

[Bootney Lee Farnsworth]

Is it just me, or does this "plan" have "treasury raid" written all over it?

 

[johngaltshrugged]

Anybody who believes a word of this BS should contact me ASAP.
I've got a great deal on ocean front property here in Oklahoma

 

[1srelluc]

WTF?
Talk about a total disconnect from the American people.....Lets give people with hardly any to no tax burden as it is even more.

Hell it would be bad legislation even if the break applied to everyone.

The bottom is out of the fuckin' bucket.

 

[Billy000]

You people think that everyone is just made of money don't you?

"Over 60% of Americans are living paycheck to paycheck as inflation concerns impact savings"

Over 60% of Americans are living paycheck to paycheck as inflation concerns impact savings

Compared to a year ago, the percentage of people living paycheck to paycheck has increased from 52% to 61% in April.

www.businessinsider.com

I don’t understand why you people harp on this so much lol. No lefty here is denying that inflation is a problem. I even acknowledged it in this thread. It’s like you guys will take any political victory point you can get and just milk it for all it’s worth.

The other problem you seem to have is pretending that the inflation issue is the only economic metric that matters. 9 million jobs have been created under Biden since he’s been elected. You can’t just cherry pick the facts you like and ignore the ones you don’t.

 

[Billy000]

WTF?
Talk about a total disconnect from the American people.....Lets give people with hardly any to no tax burden as it is even more.

Hell it would be bad legislation even if the break applied to everyone.

The bottom is out of the fuckin' bucket.

Only rich people will see a tax increase with this bill..

 

[Nostra]

You’re just making shit up as you go along.

I made nothing up. The Nutjob runs this outfit:

Home | Rewiring America

Rewiring America is the leading electrification nonprofit, focused on electrifying our homes, communities, and businesses.

www.rewiringamerica.org

This is from your link. You really should read past the headline, Simp.


“It is a market-tilting level of investment,” Ari Matusiak, the group's co-founder and CEO who was involved with the crafting of the bill, told Yahoo Finance. “

 

[Bootney Lee Farnsworth]

I don’t understand why you people harp on this so much lol. No lefty here is denying that inflation is not a problem. I even acknowledged it in this thread. It’s like you guys will take any political victory point you can get and just milk it for all it’s worth.

The other problem you seem to have is pretending that the inflation issue is the only economic metric that matters. 9 million jobs have been created under Biden since he’s been elected. You can’t just cherry pick the facts you like and ignore the ones you don’t.

With record-breaking inflation, employees are taking a serious pay cut.

 

[Billy000]

I made nothing up. The Nutjob runs this outfit:

Home | Rewiring America

Rewiring America is the leading electrification nonprofit, focused on electrifying our homes, communities, and businesses.

www.rewiringamerica.org

This is from your link. You really should read past the headline, Simp.


“It is a market-tilting level of investment,” Ari Matusiak, the group's co-founder and CEO who was involved with the crafting of the bill, told Yahoo Finance. “

Well sure they are not independent, but if you can’t find a source that counters mine it’s still whining at the end of the day lol