Biden's "Inflation Reduction Act" will cause inflation to rise.

[Dagosa]

Obama Brushes Aside Concern About Potential Double-Dip Recession

President Obama on Tuesday expressed concern about a weakening economic recovery after a spate of disappointing news last week, but he shrugged off worries about the economy falling back into recession.

www.foxnews.com

Obama Brushes Aside Concern About Potential Double-Dip Recession

December 23, 2015

Fox news pushed that Obama would suffer a double dip recession.
If you were awake you would know that Obama's economy grew month over month for the longest period in peacetime up until then.

More Fix News made up shit.

 

[Dagosa]

Your schtick is tired, old, and stupid. I would challenge you to prove the facts in my link wrong, but we all know you shot your wad and are done.

I would challenge you to prove you have half a brain. Fix News watchers have one thing in common. They’re crazy fker s.

 

[BWK]

Just like all Democrat ideas it will do the opposite of what they claim. It also raises taxes on the poor and middle class. Another Biden promise broken.

This economist agrees with the Joint Committee on Taxation that this bull is a sham.

Inflation Reduction Act is 'deceptive marketing,' will hurt struggling Americans, economist says​

The Inflation Reduction Act will drive prices even higher, economist says​

Senate Majority Leader Chuck Schumer and Sen. Joe Manchin's reconciliation bill, the Inflation Reduction Act, is deceptively named since it will actually exacerbate Americans' pain from inflation while simultaneously raising taxes, an economist told Fox News.

"The greatest example of deceptive marketing today is the name that the Democrats have chosen for this piece of legislation," a research fellow at the Heritage Foundation, EJ Antoni, told Fox News. "It does absolutely nothing to address the problem of inflation."

The Inflation Reduction Act, which Manchin and Schumer announced Wednesday, is a slimmed down version of President Biden’s Build Back Better Act with a $433 billion price tag, most of which will be spent on climate provisions. The Committee on Taxation estimates that it will raise $739 billion through a variety of measures, including a minimum tax rate on large corporations and enhanced IRS enforcement.

"It does nothing to address the problem of inflation and instead only exacerbates the existing high prices and will drive prices even higher," Antoni told Fox News. "It's just adding insult to injury."

"Inflation is fundamentally too much money relative to the amount of goods and services in the economy," Antoni told Fox News. "So, if you're just going to raise taxes, all you've done at that point is transfer money from one person to another, the taxpayer to the government."

But you haven't actually changed the amount of goods and services relative to the amount of money in the economy," he continued. "So it does nothing to fight inflation."

Antoni also said the higher taxes will impact consumers.


There will be taxes on energy that will be passed through to the consumer at all different levels, not only in the purchase of energy itself, but because energy affects everything we do and everything we buy," Antoni said. "Those prices will trickle down into everything else, just as we've seen higher prices for diesel and gasoline over the last 18 months trickle down everywhere else into consumers purchases."

Inflation Reduction Act is 'deceptive marketing,' will hurt struggling Americans, economist says

An economist said the Inflation Reduction Act is an example of deceptive marketing and will exacerbate the pain felt by Americans struggling with inflation.

www.foxnews.com

11 Ways the Inflation Reduction Act Will Help Americans

The new Senate deal will reduce inflation; bring down the skyrocketing cost of prescription drugs; cut health care costs; make historic investments to tackle climate change; and significantly cut the deficit.

www.americanprogress.org

What the Inflation Reduction Act does and doesn't do about rising prices

The Inflation Reduction Act is not expected to bring down inflation dramatically or right away, but experts say that might not be such a bad thing given the bill's other areas of focus.

www.npr.org

EJ Antoni, from the Heritage Foundation? You're joking right?

 

[BWK]

I would challenge you to prove you have half a brain. Fix News watchers have one thing in common. They’re crazy fker s.

The OPs source is a guy from the Heritage Foundation. Say no more.

 

[BWK]

I told you what you said and look at #145. Duh. You believe the FBI is corrupt so you believe the courts are corrupt without evidence, etc etc. You are a conspiracy nut like all you brainwashed functional morons....

They're crazy as hell.

 

[Nostra]

I would challenge you to prove you have half a brain. Fix News watchers have one thing in common. They’re crazy fker s.

See.

 

[Nostra]

11 Ways the Inflation Reduction Act Will Help Americans

The new Senate deal will reduce inflation; bring down the skyrocketing cost of prescription drugs; cut health care costs; make historic investments to tackle climate change; and significantly cut the deficit.

www.americanprogress.org

What the Inflation Reduction Act does and doesn't do about rising prices

The Inflation Reduction Act is not expected to bring down inflation dramatically or right away, but experts say that might not be such a bad thing given the bill's other areas of focus.

www.npr.org

EJ Antoni, from the Heritage Foundation? You're joking right?

Amerikanprogress.org?

 

[Dagosa]

See.

Wow, a picture.

 

[BWK]

The first thing to remember about any democrat tax and spend bill is that they'll always overestimate the revenue coming in and underestimate the spending going out. The second thing is that when they say deficit reduction what they mean is, we were going to raise the deficit by 2 trillion this year but instead we'll only rise it by 1.9 trillion. See, we saved a hundred billion dollars! And the third thing to remember is that whenever they raise taxes on corporations and businesses it always gets passed on to the customers or the employees in the end. You think the guys at the top are the ones that pay for the tax increase? And the 4th thing is that the democrats always use budgetary gimmicks to make it look like the spending will be paid for. They raise taxes for 10 years but the spending is for 3 years of benefits. When those 3 years are up, they'll try to extend the spending for another 7 years or whatever, which obviously is NOT covered in the current bill. At it's core it is deceitful and dishonest.

What this bill essentially does is redistribute wealth to the climate change alarmist benefactors of the democratic party and from the employees and customers of big businesses and corporations, and it's purely for political purposes. It is a bold-faced lie to say that inflation will be reduced, and in fact probably will be slightly increased because of the new spending that does not increase the production of goods and services. If it passes, this bill is going to raise energy costs for most Americans that already can't afford it. People on the low end of the income ladder won't see jack squat from this bill, but the democrat politicians and their rich donors/supporters will.

Like you have room to say anything about debt. Your boy increased the debt$9 trillion dollars, so STFU.

 

[Nostra]

The OPs source is a guy from the Heritage Foundation. Say no more.

So, no attempt to prove the facts in the OP wrong?


I’m shocked, SHOCKED I tells ya!

 

[Nostra]

Wow, a picture.

 

[BWK]

Amerikanprogress.org?

Point to where they are wrong hot shot. Show us the power point presentation that blows the argument out of the water. That's right, you are a loser, so that isn't going to happen now is it.

 

[Nostra]

Point to where they are wrong hot shot. Show us the power point presentation that blows the argument out of the water. That's right, you are a loser, so that isn't going to happen now is it.

 

[BWK]

So, no attempt to prove the facts in the OP wrong?


I’m shocked, SHOCKED I tells ya!

Here's one argument that says nothing right here; "It does nothing to address the problem of inflation and instead only exacerbates the existing high prices and will drive prices even higher," Antoni told Fox News. "It's just adding insult to injury." Do you know what sort of an argument that is? That's the same argument of telling someone their shoes are ugly. There's no substance. Where's his power point presentation proving what he says? Lol! It doesn't exist. It's a rant and a claim, backed up by nothing.

 

[BWK]

I'm not the one inside the petting zoo. I think you are.

 

[Nostra]

Here's one argument that says nothing right here; "It does nothing to address the problem of inflation and instead only exacerbates the existing high prices and will drive prices even higher," Antoni told Fox News. "It's just adding insult to injury." Do you know what sort of an argument that is? That's the same argument of telling someone their shoes are ugly. There's no substance. Where's his power point presentation proving what he says? Lol! It doesn't exist. It's a rant and a claim, backed up by nothing.

CBO and the Joint Committee on Taxation agrees with him, and proves you are full of shit,

 

[BWK]

Amerikanprogress.org?

Now your turn?

 

[Nostra]

I'm not the one inside the petting zoo. I think you are.

 

[BWK]

CBO and the Joint Committee on Taxation agrees with him, and proves you are full of shit,

There is nothing of substance to agree or disagree with. He doesn't provide it.

 

[Nostra]

There is nothing of substance to agree or disagree with. He doesn't provide it.