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Hey dummy, studies have already shown that people making under $75,000 a year WILL see their taxes go up. Along with increased inflation. Though Sinema still hasn't signed on to this monstrosity yet, so there’s a good chance this crashes and burns anyway.Collecting taxes doesn’t create money you moron - it pulls it from tax evaders who were spending it and moves to the government spending it. What are you trying to peddle here? There is no new money created. It is shifting from one purpose to another. If you’re a tax evader then you are fucked but it is not new spending.
They do one or the other. Not both. Biden caused the inflation that forces them to do that.Tell it to corporate America who are right now raising prices while at the same time lowering package quantities on everything from aspirin to zip ties.
We're getting screwed by corporate greed. Btw, now that gas prices have been dropping for a few weeks have you seen any drop in prices, dipshit?
SInce you’re a moron who has no clue on economics or anything else, here you go idiot....He won’t be back.
www.wsj.com
nypost.com
www.foxbusiness.com
I can’t help that you can’t read. Where is your link to proof you’re not a Russian troll?I don't see revenue projected vs actual revenue anywhere in your link.
Try again, Simp.
And link us up to where I have ever claimed a tax cut needs to "pay for itself", Dumbass. I don't believe all money belongs to the govt, so I have never said anything close to that.
Taxes on corporations are built into the price of their products, Dumbass. You raise their taxes, they raise their prices, the poor and middle class pay the tax when they buy the product.Where's those middle class tax hikes in this bill?
Think you can handle it?
I read just fine, Simp. Nowhere in your link does it show the projected tax revenue from the tax hike, nor does it show how much revenue it brought in.I can’t help that you can’t read. Where is your link to proof you’re not a Russian troll?
Nonpartisan CBO budget office of the US vs an internet poster in material mental decline? I’ll go with the CBO. Feel free to post your opposition numbers.I read just fine, Simp. Nowhere in your link does it show the projected tax revenue from the tax hike, nor does it show how much revenue it brought in.
Major fail by you.
Moron, I produced the CBO. That’s the Bible. I also showed you the last tax hike that worked. I’m not doing your scavenger hunt of BS. If you got numbers post them. I did. You are watching a puppet master at work getting everything he promised those of us who voted for him.Still no numbers.
Back to the drawing board for you, Simp.
I asked for a link showing the number the politicians claimed a tax hike would produce. You don't have it.Moron, I produced the CBO. That’s the Bible. I also showed you the last tax hike that worked. I’m not doing your scavenger hunt of BS. If you got numbers post them. I did. You are watching a puppet master at work getting everything he promised those of us who voted for him.
Promises made……Promises kept!
I asked for a link showing the number the politicians claimed a tax hike would produce. You don't have it.
I also asked for the number that the tax hike actually brought in. You don't have that either.
You posted no numbers for the above. You are lying.
In short, you failed Short Bus.
So where are the middle class tax hikes that Biden is proposing in this bill, mouth breather?Taxes on corporations are built into the price of their products, Dumbass. You raise their taxes, they raise their prices, the poor and middle class pay the tax when they buy the product.
Takes a minimal amount of critical thinking skills to figure it out, which is why you can't grasp it.
Can you point out where in that bill Biden is proposing to raise taxes on the middle class?Sorry for you complete lack of any critical thinking skills whatsoever. Must suck to be you.
Been done several times, starting with the link in the OP.Can you point out where in that bill Biden is proposing to raise taxes on the middle class?
Think you can handle that?
Trump going bald & trying to hide it with that cap on or is he doing an imitation of a mouth breather?
Trump going bald & trying to hide it with that cap on or is he doing an imitation of a mouth breather?
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
But Antoni said raising taxes to fight surging prices shows a misunderstanding of inflation.
"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."
On top of that, when you raises taxes on anything, ultimately those taxes get passed down to the consumer. So, prices go up for the same damn thing, and we don't need higher 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."
I don't think the impact of this bill on inflation and economic growth will be all that much, cuz the amounts we're talking about isn't sufficient to move the needle much. But it's the wrong thing to do and any idiot with half a brain should be able to see that this bill is entirely political that is meant to save jobs. Not ours, theirs - the democrats in Congress.
