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So you have no facts to dispute their findings.Heritage has been corrupted and is nothing but a bunch of political hacks. They are the ones who are using deceptive marketing. It will not drive prices higher. Inflation has been caused by the pandemic. The prices of many raw products are dropping. The real question is whether businesses will lower prices or whether they will keep the extra money they have due to easing costs.
When Trump left office the virus was still raging...people were still dying by the thousands and only a tiny fraction of the population had been vaccinatedIf the pandemic caused inflation why was it about 1.4% when Trump left office?
That is so much bullshit. The problem is that the pandemic scrambled the supply lines. However many of the components suggest that the inflation many companies are seeing is coming down as raw costs drop. The question is whether companies will will pass on the savings or whether they will keep it.
When did a tax hike ever "work?"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!
More dead on your Vegetable Messiah‘s watch, Simp.When Trump left office the virus was still raging...people were still dying by the thousands and only a tiny fraction of the population had been vaccinated
Define “work”. What was the goal and we can judge that better.When did a tax hike ever "work?"
I didn't use the term "work." Citygator did. Ask him.Define “work”. What was the goal and we can judge that better.
Was the tax to influence behavior?
Was the tax to pay for something?
If the Social Security is a 10% rise it should be a 20% rise.Define “work”. What was the goal and we can judge that better.
Was the tax to influence behavior?
Was the tax to pay for something?
No it’s not, this new bill is designed to create inflation, to call it anything else is a lie, it creates inflation, just like the last spending pork.The thread premise is a lie.
Inflation doesn't 'belong' to a given president.
No it’s designed to do the oppositeNo it’s not, this new bill is designed to create inflation, to call it anything else is a lie, it creates inflation, just like the last spending pork.
It’s the “Buy Your Vote Act“, it’s design is to buy votes for November.True. If the Act was based on what it does then the name woulda been the Political Bullshit To Save Our Jobs Act
I went back and read his post. Supposedly he showed you a tax that worked. Did you find a credible way to dispute that?I didn't use the term "work." Citygator did. Ask him.
Tax increases to corporations is inflation to those that buy the corporation’s products. Corporations don’t pay taxes, they pass them thru to consumers.No it’s designed to do the opposite
Note the tax increases (on corporations) and money spent on IRS to recoup uncollected taxes
That’s not what the JCT says.Tax increases to corporations is inflation to those that buy the corporation’s products. Corporations don’t pay taxes, they pass them thru to consumers.
interjecting billions into the economy creates inflation. We saw it when Trump okayed Coronavirus spending and saw the same when Biden okayed his Coronavirus spending. We saw it again after Biden signed the bill back in December and we still see the effects, now we double down on stupid and watch inflation continue and it may slow the recession down but it will make it tough on the poor and working class Americans, but Democrats don’t give a crap about them, they are just collateral damage.
I don't have to dispute totally unsupported claims. They are worth as much as any other bullshit.I went back and read his post. Supposedly he showed you a tax that worked. Did you find a credible way to dispute that?
No, it's designed to get as much pork into the budget as possible. It's designed to buy votes. It has no other purpose.No it’s designed to do the opposite
Note the tax increases (on corporations) and money spent on IRS to recoup uncollected taxes
Work? Obviously a word, and a concept, too difficult for an idiot like you to understand.Define “work”. What was the goal and we can judge that better.
Was the tax to influence behavior?
Was the tax to pay for something?
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
Corporations don't pay taxes, their customers do. That makes it a tax on the poor and working folks.No it’s designed to do the opposite
Note the tax increases (on corporations) and money spent on IRS to recoup uncollected taxes
Thanks for stopping by to once again prove what an economically illiterate loser you are.FOX News found ONE economist who doesn't like it. Just ONE!!! I wonder how much Murdoch had to pay him to say it???????
Reading his comments, he sounds like an idiot. "But you haven't actually changed the amount of goods and services relative to the amount of money in the economy,". That has to be the DUMBEST statement in the piece.
How is the federal government supposed to increase the amount of goods or services in the market place, without socialist laws to control national production and pricing????? Does FOX News want a socialist economy?????
