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

[BWK]

BY THE NUMBERS: The Inflation Reduction Act | The White House

The Inflation Reduction Act will lower costs for families, combat the climate crisis, reduce the deficit, and finally ask the largest corporations to pay their fair share. President Biden and Congressional Democrats have worked together to deliver a historic legislative achievement that defeats...

www.whitehouse.gov

You can't hang with me boy. You might want to haul ass from your own thread. Remember how old Antoni was talking about energy prices?

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."

Lowering Energy Costs

• Families that take advantage of clean energy and electric vehicle tax credits will save more than $1,000 per year.
• $14,000 in direct consumer rebates for families to buy heat pumps or other energy efficient home appliances, saving families at least $350 per year.
• 7.5 million more families will be able install solar on their roofs with a 30% tax credit, saving families $9,000 over the life of the system or at least $300 per year.
• Up to $7,500 in tax credits for new electric vehicles and $4,000 for used electric vehicles, helping families save $950 per year.
• Putting America on track to meet President Biden’s climate goals, which will save every family an average of $500 per year on their energy costs.

Building a Clean Energy Economy

• Power homes, businesses, and communities with much more clean energy by 2030, including:
  • 950 million solar panels
  • 120,000 wind turbines
  • 2,300 grid-scale battery plants
• Advance cost-saving clean energy projects at rural electric cooperatives serving 42 million people.
• Strengthen climate resilience and protect nearly 2 million acres of national forests.
• Creating millions of good-paying jobs making clean energy in America.

Reducing Harmful Pollution

• Reduce greenhouse gas emissions by about 1 gigaton in 2030, or a billion metric tons – 10 times more climate impact than any other single piece of legislation ever enacted.
• Deploy clean energy and reduce particle pollution from fossil fuels to avoid up to 3,900 premature deaths and up to 100,000 asthma attacks annually by 2030.

Ask Antoni about all of this? What does Heritage have to say now?

 

[Nostra]

BY THE NUMBERS: The Inflation Reduction Act | The White House

The Inflation Reduction Act will lower costs for families, combat the climate crisis, reduce the deficit, and finally ask the largest corporations to pay their fair share. President Biden and Congressional Democrats have worked together to deliver a historic legislative achievement that defeats...

www.whitehouse.gov

You can't hang with me boy. You might want to haul ass from your own thread. Remember how old Antoni was talking about energy prices?

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."

Lowering Energy Costs

• Families that take advantage of clean energy and electric vehicle tax credits will save more than $1,000 per year.
• $14,000 in direct consumer rebates for families to buy heat pumps or other energy efficient home appliances, saving families at least $350 per year.
• 7.5 million more families will be able install solar on their roofs with a 30% tax credit, saving families $9,000 over the life of the system or at least $300 per year.
• Up to $7,500 in tax credits for new electric vehicles and $4,000 for used electric vehicles, helping families save $950 per year.
• Putting America on track to meet President Biden’s climate goals, which will save every family an average of $500 per year on their energy costs.

Building a Clean Energy Economy

• Power homes, businesses, and communities with much more clean energy by 2030, including:
  • 950 million solar panels
  • 120,000 wind turbines
  • 2,300 grid-scale battery plants
• Advance cost-saving clean energy projects at rural electric cooperatives serving 42 million people.
• Strengthen climate resilience and protect nearly 2 million acres of national forests.
• Creating millions of good-paying jobs making clean energy in America.

Reducing Harmful Pollution

• Reduce greenhouse gas emissions by about 1 gigaton in 2030, or a billion metric tons – 10 times more climate impact than any other single piece of legislation ever enacted.
• Deploy clean energy and reduce particle pollution from fossil fuels to avoid up to 3,900 premature deaths and up to 100,000 asthma attacks annually by 2030.

Ask Antoni about all of this? What does Heritage have to say now?

Veggie Joe says so?

 

[francoHFW]

They're crazy as hell.

Politically, because they are totally misinformed....

 

[Nostra]

BY THE NUMBERS: The Inflation Reduction Act | The White House

The Inflation Reduction Act will lower costs for families, combat the climate crisis, reduce the deficit, and finally ask the largest corporations to pay their fair share. President Biden and Congressional Democrats have worked together to deliver a historic legislative achievement that defeats...

www.whitehouse.gov

You can't hang with me boy. You might want to haul ass from your own thread. Remember how old Antoni was talking about energy prices?

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."

Lowering Energy Costs

• Families that take advantage of clean energy and electric vehicle tax credits will save more than $1,000 per year.
• $14,000 in direct consumer rebates for families to buy heat pumps or other energy efficient home appliances, saving families at least $350 per year.
• 7.5 million more families will be able install solar on their roofs with a 30% tax credit, saving families $9,000 over the life of the system or at least $300 per year.
• Up to $7,500 in tax credits for new electric vehicles and $4,000 for used electric vehicles, helping families save $950 per year.
• Putting America on track to meet President Biden’s climate goals, which will save every family an average of $500 per year on their energy costs.

Building a Clean Energy Economy

• Power homes, businesses, and communities with much more clean energy by 2030, including:
  • 950 million solar panels
  • 120,000 wind turbines
  • 2,300 grid-scale battery plants
• Advance cost-saving clean energy projects at rural electric cooperatives serving 42 million people.
• Strengthen climate resilience and protect nearly 2 million acres of national forests.
• Creating millions of good-paying jobs making clean energy in America.

Reducing Harmful Pollution

• Reduce greenhouse gas emissions by about 1 gigaton in 2030, or a billion metric tons – 10 times more climate impact than any other single piece of legislation ever enacted.
• Deploy clean energy and reduce particle pollution from fossil fuels to avoid up to 3,900 premature deaths and up to 100,000 asthma attacks annually by 2030.

Ask Antoni about all of this? What does Heritage have to say now?

• Reduce greenhouse gas emissions by about 1 gigaton in 2030, or a billion metric tons – 10 times more climate impact than any other single piece of legislation ever enacted.

Why not just ground "Climate Czar" Lurch Kerry's private plan? Same result.

 

[Calypso Jones]

spiking the football in our faces.

 

[hadit]

The thread premise is a lie.

Inflation doesn't 'belong' to a given president.

The response to it, however, most certainly does.

 

[task0778]

BY THE NUMBERS: The Inflation Reduction Act | The White House

The Inflation Reduction Act will lower costs for families, combat the climate crisis, reduce the deficit, and finally ask the largest corporations to pay their fair share. President Biden and Congressional Democrats have worked together to deliver a historic legislative achievement that defeats...

www.whitehouse.gov

You can't hang with me boy. You might want to haul ass from your own thread. Remember how old Antoni was talking about energy prices?

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."

Lowering Energy Costs

• Families that take advantage of clean energy and electric vehicle tax credits will save more than $1,000 per year.
• $14,000 in direct consumer rebates for families to buy heat pumps or other energy efficient home appliances, saving families at least $350 per year.
• 7.5 million more families will be able install solar on their roofs with a 30% tax credit, saving families $9,000 over the life of the system or at least $300 per year.
• Up to $7,500 in tax credits for new electric vehicles and $4,000 for used electric vehicles, helping families save $950 per year.
• Putting America on track to meet President Biden’s climate goals, which will save every family an average of $500 per year on their energy costs.

Building a Clean Energy Economy

• Power homes, businesses, and communities with much more clean energy by 2030, including:
  • 950 million solar panels
  • 120,000 wind turbines
  • 2,300 grid-scale battery plants
• Advance cost-saving clean energy projects at rural electric cooperatives serving 42 million people.
• Strengthen climate resilience and protect nearly 2 million acres of national forests.
• Creating millions of good-paying jobs making clean energy in America.

Reducing Harmful Pollution

• Reduce greenhouse gas emissions by about 1 gigaton in 2030, or a billion metric tons – 10 times more climate impact than any other single piece of legislation ever enacted.
• Deploy clean energy and reduce particle pollution from fossil fuels to avoid up to 3,900 premature deaths and up to 100,000 asthma attacks annually by 2030.

Ask Antoni about all of this? What does Heritage have to say now?

I dunno what Heritage will say, but I think the sad thing is that you and people like you actually believe this bullshit. It is absolutely stunning how naive a person can be to accept any of this as anywhere close to reality.

 

[badbob85037]

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

Can anyone think of anything in his 50 years in politicks that hasn't failed? Anything?

 

[struth]

xiden and the dems building back poorer

 

[basquebromance]

 

[dudmuck]

I dunno what Heritage will say, but I think the sad thing is that you and people like you actually believe this bullshit. It is absolutely stunning how naive a person can be to accept any of this as anywhere close to reality.

heritage foundation represents billionaires and big oil profits. That is who theyre rooting for.

Inflation reduction act lets medicare negotiate drug prices, and puts a price cap for seniors. Most of the rest is for reducing our reliance on non-renewable energy, because our current situation is due to our over reliance on non-renewable energy. And then of course, the costs of pollution will be reduced.

 

[task0778]

heritage foundation represents billionaires and big oil profits. That is who theyre rooting for.

Inflation reduction act lets medicare negotiate drug prices, and puts a price cap for seniors. Most of the rest is for reducing our reliance on non-renewable energy, because our current situation is due to our over reliance on non-renewable energy. And then of course, the costs of pollution will be reduced.

Curious: are you being sarcastic or do you really believe the bullshit you're being fed from the WH? Do you really believe the costs of pollution will be reduced, or pollution itself? Do you really believe the reliance on non-renewable energy will change even one little bit? Do you know what happens who price caps are put in place? Answer: the supply drops and you get less product. Do you know what happens when Medicare negotiates drug prices for 15% of the drugs on the market? For those 15 %, the price will drop and so will the supply, because the profit isn't there to produce more. Do you understand that basic economic axiom? And further, the drug companies will raise the prices on the other 85% of the drugs on the market to cover the lost revenue from the 15% ones. Do you comprehend that?

There is one clear truth in all of this: when the gov't intervenes in any economic issue, they fuck it up. You get less of what you wanted and/or the prices go up for something else. Inflation reduction, my ass. Nobody believes that other than the liberal democrat ideologues.

 

[Nostra]

When will this reduction act kick in?

Working Americans are getting kicked in the marbles by sky-high Bidenflation.

 

[Dagosa]

When will this reduction act kick in?

Working Americans are getting kicked in the marbles by sky-high Bidenflation.

Gee, we know when covid kicked in as super spreader Trump said it would be go in spring years ago. This was an event that shut down the economy. It’s he who is responsible according to your so called logic. . It happened-under his admin. Inflation for energy began for months while he was in office world wide.

 

[struth]

Gee, we know when covid kicked in as super spreader Trump said it would be go in spring years ago. This was an event that shut down the economy. It’s he who is responsible according to your so called logic. . It happened-under his admin. Inflation for energy began for months while he was in office world wide.

inflation didn’t skyrocket under trump

 

[struth]

heritage foundation represents billionaires and big oil profits. That is who theyre rooting for.

Inflation reduction act lets medicare negotiate drug prices, and puts a price cap for seniors. Most of the rest is for reducing our reliance on non-renewable energy, because our current situation is due to our over reliance on non-renewable energy. And then of course, the costs of pollution will be reduced.

sorry it only requires the feds to negotiate on some meds covered by plan. B and D…not all

 

[Dragonlady]

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

FOX News is not credible on the economy. They cheer every tax cut that lead to every economic crash since the network came into existence. FOX will only cheer for economic news if a Republican is in the White House.

 

[struth]

FOX News is not credible on the economy. They cheer every tax cut that lead to every economic crash since the network came into existence. FOX will only cheer for economic news if a Republican is in the White House.

what tax cuts lead to an economic crash?

 

[dudmuck]

sorry it only requires the feds to negotiate on some meds covered by plan. B and D…not all

Since the only remain part is the hospitals, i would assume those hospitals take care of drug pricing themselves.

 

[Dagosa]

what tax cuts lead to an economic crash?

Every one. 10 of the last 11 recessions were under gop administrations. They also led in corruption . Gotto be a link there when you have big business write your budgets.