How Orwellian: Democrats call it the Inflation Reduction Bill and it does the exact opposite

[Lesh]

people are working 2 and more jobs just to be able to afford the living they grew accustomed to (under Trump, the rightful President)

and that is not even considering the fact that I do not believe those figures anyway.

I demand proof before I claim to "know" something. I haven't seen any

You think working two or more jobs is NEW?

Show proof that it is more common now than in the past

 

[C_Clayton_Jones]

This is not a normal recession if it is even that.

Recessions don’t have 300,000 jobs created every month or 3.5 unemployment

The idea of tax cuts in a recession is to kick the economy into gear. With inflation that’s not what we want is it?

Recessions don’t have unemployment rates below 4 percent.

Recessions don’t have worker pay and benefits increase 1.3 percent in the Second Quarter of 2022.

 

[justaschmuck9]

You think working two or more jobs is NEW?

Show proof that it is more common now than in the past

i could find evidence on the i-net

but we can just presume that is the case, when prices are so ridiculous you can't live the way u used to unless you are wealthy

 

[rightwinger]

any idiot knows you don't do more gov spending in a recession OR raise taxes

but I guess not everyone gets that

Read the link
It raises more revenue than it spends
It also pays down debt

 

[Lesh]

https://www.newsmax.com/us/taxes-senate-inflation-reduction-act/2022/08/01/id/1081274/

These people (elite Demon rats) think we are retarded.

They slap a name on a bill that implies the exact opposite of what it really is/does (not that we're surprised or anything...).

When are everyday voters going to get fed up with this abuse of the taxpayer's money?

We've had 2 quarters of negative growth, the textbook definition of a Recession. So now they have this bill that they know most Americans probably will not read. A lot of Americans have not so much lost interest in this issue but given up. I mean, how can you fight "city hall"?

And former Pres O even said You don't raise taxes in a recession.. which this bill does in the billions

Here's one of the things they're claiming.
When the law would take effect in 2023, taxes will increase by $16.7 billion on taxpayers earning less than $200,000 — a nearly $17 billion tax targeted solidly at low- and middle-income earners next year, amid stagflation.

$200k is not "low and middle income earners"

 

[busybee01]

https://www.newsmax.com/us/taxes-senate-inflation-reduction-act/2022/08/01/id/1081274/

These people (elite Demon rats) think we are retarded.

They slap a name on a bill that implies the exact opposite of what it really is/does (not that we're surprised or anything...).

When are everyday voters going to get fed up with this abuse of the taxpayer's money?

We've had 2 quarters of negative growth, the textbook definition of a Recession. So now they have this bill that they know most Americans probably will not read. A lot of Americans have not so much lost interest in this issue but given up. I mean, how can you fight "city hall"?

And former Pres O even said You don't raise taxes in a recession.. which this bill does in the billions

You are retarded.

It does not increase inflation. It is big businesses that are responsible for inflation. Republicans seem to have a pathological hatred of generating more green energy. They have been bought off by big oil. The reason that we have negative growth is because of the rapid rise in the economy post-pandemic. Raising taxes on the rich will not hurt them one bit.

 

[busybee01]

Rest assured that legislation always does the exact opposite of how it's named.

Generating more green energy means we need less oil. There is nothing wrong with that.

 

[busybee01]

any idiot knows you don't do more gov spending in a recession OR raise taxes

but I guess not everyone gets that

The rich are thriving. They are not suffering a slowdown. They can afford it.

 

[Whodatsaywhodat.]

yeh, just another thing they think we don't have a clue about. President Senile has been in govt all his adult life, listened to economists over and over.. He tries to act like he's clueless but despite his dementia he knows what the hell he's doing.. or maybe I should say the Puppeteer knows what he's doing

We all have a clue but what is anyone doing to stop them . The stole the fucking election right in front of our eyes . They lie and deny and no consequences. And they never ever quit destroying this country . They will not be denied .

 

[Samofvt]

Great job by our President in fighting inflation

Moody’s: Schumer-Manchin deal will ‘nudge’ economy, inflation ‘in the right direction’

The deal announced last week by Senate Majority Leader Charles Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.) will “nudge the economy and inflation in the right direction” and “meaningfully” addre…

thehill.com

The deal, which would raise $739 billion in new revenue, spend $369 on an energy security and climate investments, and pay down more than $300 billion in debt, is scheduled to come to the Senate floor this week, pending approval by the Senate parliamentarian.

No wonder Republicans oppose it

Holy mackerel. Did you even *read* the article you are citing? And you still are saying this is a good thing?

Let's review the contents of the article line by line:

But Moody’s predicts the Inflation Reduction Act “will modestly reduce inflation over the 10-year budget horizon.”

Stop right there. The new tax "will modestly reduce inflation over the 10-year budget horizon"? 10 years. TEN YEARS? We are facing historic inflation that cropped up over just the last TWO years of mis-management, and you think a 10-year plan that will have modest affect is ok? Anything could happen over the next ten years.

The financial services company predicts the consumer price inflation index will be 0.33 percent lower by the fourth quarter of 2031 because of the bill.

“This translates into a reduction in CPI inflation of 3.3 basis points per annum on average over that period,” it said, projecting the legislation will have a “marginal” impact on inflation in the middle of the next decade but then become “more meaningful later in the decade.”

Again, we're talking about cpi that is 9.x points higher than recent years, and growing, but you think a 9 or 10-year plan is a good goal? Are you suicidal?

Moody’s says the legislation will curb inflation in several ways.


It predicts that increasing taxes on corporations will result in “slower growth,” though the impact on growth is likely to be small.

Whoa back. Now you're trying to say SLOWING GROWTH is a good idea after two consecutive quarters of negative growth? Are you even awake?

It predicts a three-year extension of expiring Affordable Care Act health insurance subsidies, which will be “important to quickly reducing inflation” by keeping health care costs in check.

And it projects that empowering Medicare to negotiate lower prescription drug prices will begin to have more impact on general inflation in the middle of the next decade.

Fine, but both of these are false predictions: there is nothing in the plan that will guarantee this result. Besides, these are special interest concerns. It will only benefit government employees and dependants.

Moody’s believes the energy provisions in the package “could reduce the typical American household’s spending on energy by an estimated more than $300 per year in today’s dollars.”

"Could" reduce spending on energy? Could have would have, but what it really means is that the typical American household will go cold for a few months a year because they won't be able to afford to keep the heat on, after the corporations being excessively taxed have to lay off their marginal workers to afford the extra taxes.

“The Inflation Reduction Act is much smaller in scale and scope than the original Build Back Better agenda from which it comes. Regardless, it will have a material beneficial economic impact,” Moody’s concluded.

Non-sense based on false and erroneous claims.

The firm said reducing future budget deficits would alleviate a problem that “seems sure to soon become a more pressing economic problem” because of the impact that unsustainable debt levels could have on interest rates in the future.

Finally, something truthful: unsustainable budget deficits being created by the idiots in Washington D.C. "seems sure to soon become a more pressing economic problem".

Right away, we know from experience, the increased taxes collected from corporations will cause a downward spiral in both GDP and in tax revenue over the course of the scam plan.

 

[rightwinger]

Holy mackerel. Did you even *read* the article you are citing? And you still are saying this is a good thing?

Let's review the contents of the article line by line:



Stop right there. The new tax "will modestly reduce inflation over the 10-year budget horizon"? 10 years. TEN YEARS? We are facing historic inflation that cropped up over just the last TWO years of mis-management, and you think a 10-year plan that will have modest affect is ok? Anything could happen over the next ten years.



Again, we're talking about cpi that is 9.x points higher than recent years, and growing, but you think a 9 or 10-year plan is a good goal? Are you suicidal?



Whoa back. Now you're trying to say SLOWING GROWTH is a good idea after two consecutive quarters of negative growth? Are you even awake?


Fine, but both of these are false predictions: there is nothing in the plan that will guarantee this result. Besides, these are special interest concerns. It will only benefit government employees and dependants.


"Could" reduce spending on energy? Could have would have, but what it really means is that the typical American household will go cold for a few months a year because they won't be able to afford to keep the heat on, after the corporations being excessively taxed have to lay off their marginal workers to afford the extra taxes.


Non-sense based on false and erroneous claims.

Finally, something truthful: unsustainable budget deficits being created by the idiots in Washington D.C. "seems sure to soon become a more pressing economic problem".

Right away, we know from experience, the increased taxes collected from corporations will cause a downward spiral in both GDP and in tax revenue over the course of the scam plan.

There is no magic pill to end inflation immediately

Moody’s says this bill is a positive measure to reduce inflation

 

[easyt65]

https://www.newsmax.com/us/taxes-senate-inflation-reduction-act/2022/08/01/id/1081274/

These people (elite Demon rats) think we are retarded.

They slap a name on a bill that implies the exact opposite of what it really is/does (not that we're surprised or anything...).

When are everyday voters going to get fed up with this abuse of the taxpayer's money?

We've had 2 quarters of negative growth, the textbook definition of a Recession. So now they have this bill that they know most Americans probably will not read. A lot of Americans have not so much lost interest in this issue but given up. I mean, how can you fight "city hall"?

And former Pres O even said You don't raise taxes in a recession.. which this bill does in the billions

They completely ignore we would have to pay off $30 TRILLION IN DEBT just to be 'BROKE'.

 

[Independent thinker]

https://www.newsmax.com/us/taxes-senate-inflation-reduction-act/2022/08/01/id/1081274/

These people (elite Demon rats) think we are retarded.

They slap a name on a bill that implies the exact opposite of what it really is/does (not that we're surprised or anything...).

When are everyday voters going to get fed up with this abuse of the taxpayer's money?

We've had 2 quarters of negative growth, the textbook definition of a Recession. So now they have this bill that they know most Americans probably will not read. A lot of Americans have not so much lost interest in this issue but given up. I mean, how can you fight "city hall"?

And former Pres O even said You don't raise taxes in a recession.. which this bill does in the billions

The economic experts have said the bill might maybe decrease inflation modestly but that those effects wouldn't be felt for months or even years. So, yes, the name of the bill is a greatly exaggerated.

 

[Samofvt]

There is no magic pill to end inflation immediately

Bull excrement. Inflation is directly tied to tax increases and to money that is printed out of thin air without backing. It's not magic, but there IS a pill that our out-of-control federal nimrod legislators (all flavors of Republican, Democrat and Other) need to take to stop their delusional belief that these spending policies are sustainable.

Moody’s says this bill is a positive measure to reduce inflation

It could be storming and raining to the point of flooding outside, but if Moody's says it's nice weather, it doesn't mean you have to believe them.

Here's what the tax and spend package really means:

The truth about the Inflation Reduction Act - Americans for Prosperity

The Inflation Reduction Act would burden businesses and taxpayers by raising taxes while failing to reduce inflation. Get the facts.

americansforprosperity.org

 

[TNHarley]

There is no magic pill to end inflation immediately

Moody’s says this bill is a positive measure to reduce inflation

Putting more money we dont have into the economy and raising corporate taxes raises prices. Raises inflation. You are such a fucking hack

 

[Resnic]

At this point the name of the game is "let's keep as much as possible out of the public eye as long as we can, atleast until midterms are over".

They aren't interested in fixing anything at all. Everything they do is a deflection or laying blame on someone else in an attempt to bide time. All they have done is cause problems or allow problems to fester and actually done very little.

All they want is the illusion of doing something.