The ‘Inflation Reduction Act‘ Suddenly Vanishes

[AntonToo]

Since the Congressional Budget Office official report says this bill won't reduce inflation one iota, naturally Dems want to run away from their LIE!

Bullshit - CBO did not evaluate inflation effects.

 

[AntonToo]

Your link again:
View attachment 679407

WTF? MY LINK STATES:

The market’s biggest winners and losers in the Inflation Reduction Act​

PUBLISHED MON, AUG 8 20226:14 AM EDTUPDATED 5 HOURS AGO

Read that again:

Inflation Reduction Act​

Maybe again? Since it's the ******* NAME OF THE BILL:

Inflation Reduction Act​

 

[Weatherman2020]

WTF? MY LINK STATES:

The market’s biggest winners and losers in the Inflation Reduction Act​

PUBLISHED MON, AUG 8 20226:14 AM EDTUPDATED 5 HOURS AGO

Headline. I quoted the article

 

[Weatherman2020]

Bullshit - CBO did not evaluate inflation effects.

Yes, they did evaluate it.

CBO: Inflation Reduction Act ‘Would Have a Negligible Effect on Inflation’​

 

[AntonToo]

Headline. I quoted the article

So what? Did that refute that the bill is still very much called...wait for it:

Inflation Reduction Act​

 

[Orangecat]

nonsence.

That's not a word, kid.

 

[Weatherman2020]

So what? Did that refute that the bill is still very much called...wait for it:

Inflation Reduction Act​

Nothing to do with inflation.
Democrat controlled media says so.
As does the CBO.

 

[LAUGHatLEFTISTS]

Tax credits are pumping money now?

What on Earth is your pot infused brain spewing out now?

 

[AntonToo]

Yes, they did evaluate it.

CBO: Inflation Reduction Act ‘Would Have a Negligible Effect on Inflation’​

Bullshit:

From that CBO letter:

How Would Enacting the Bill Affect Inflation in 2022 and 2023? In calendar year 2022, enacting the bill would have a negligible effect on inflation, in CBO’s assessment. In calendar year 2023, inflation would probably be between 0.1 percentage point lower and 0.1 percentage point higher under the bill than it would be under current law, CBO estimates. That range of likely outcomes reflects uncertainty about how various provisions of the bill would affect overall demand and output, the supply of labor, the persistence of disruptions in the supply of goods and services, and how the Federal Reserve would respond to offset any increase in inflationary pressure.

https://www.budget.senate.gov/imo/media/doc/58357-Graham.pdf

Clearly "negligible effect" is only about 2022, because little of the act goes in effect right away. CBO gives 50/50 on inflation reduction for 2023 and provides no mid-to-long term effects projection.

 

[Meister]

Yes, they did evaluate it.

CBO: Inflation Reduction Act ‘Would Have a Negligible Effect on Inflation’​

I get a feeling that we're going to have another word that has been redefined to fit the narrative of the left.

 

[22lcidw]

Some kind of BIG backroom deal was brokered for sure. The industry hit hardest by this tax increase? Yes, the coal industry in his own state wow, just wow. He stabbed his own state in the back. Don't be surprised if Manchin gets some cushy political appointment in the future.

He is aging. 74 years old. But many of the politicians leave and get cushy jobs. Some stay in D.C. as lobbyists and other jobs as perks.

 

[jknowgood]

I'm a Liberal, not a commie. We believe in taking care of our people before our corporations. We didn't bail out privately owned corporations. We bailed out the Canadian people.

Aren't you the one celebrating the floods in Kentucky, the other day?

 

[jknowgood]

Nearly 1 Trillion Dollars in Tax increases slipped in right under The noses of The Sheeple.

Have some of that Sheeple.

Yes and 80,000 more agents to audit the poor. People are fixing to regret supporting the democrat party.

 

[Independent thinker]

Printing and dumping even more money into the economy is suddenly everything but about inflation fighting. As we all knew.

View attachment 679351

'The memo went out'! Media spotted doing a quick pivot away from 'inflation reduction' part of the Inflation Reduction Act

Congressional Democrats were sending mixed messages as soon as the Senate passed the so-called ̶

twitchy.com

It was rather stupid to call it the Inflation Reduction Act.

 

[Deplorable Yankee]

Printing and dumping even more money into the economy is suddenly everything but about inflation fighting. As we all knew.

View attachment 679351

'The memo went out'! Media spotted doing a quick pivot away from 'inflation reduction' part of the Inflation Reduction Act

Congressional Democrats were sending mixed messages as soon as the Senate passed the so-called ̶

twitchy.com

Yeah but tax breaks for people who buy electric short range bombs .....I mean cars

Now turn off your ac to save the environment then plug your electric car that takes 25x more juice to charge into same grid ....to save the environment

Progressives are complete morons

 

[Weatherman2020]

Bullshit:

From that CBO letter:

How Would Enacting the Bill Affect Inflation in 2022 and 2023? In calendar year 2022, enacting the bill would have a negligible effect on inflation, in CBO’s assessment. In calendar year 2023, inflation would probably be between 0.1 percentage point lower and 0.1 percentage point higher under the bill than it would be under current law, CBO estimates. That range of likely outcomes reflects uncertainty about how various provisions of the bill would affect overall demand and output, the supply of labor, the persistence of disruptions in the supply of goods and services, and how the Federal Reserve would respond to offset any increase in inflationary pressure.

https://www.budget.senate.gov/imo/media/doc/58357-Graham.pdf

Clearly "negligible effect" is only about 2022, because little of the act goes in effect right away. CBO gives 50/50 on inflation reduction for 2023 and provides no mid-to-long term effects projection.

Oh boy. Print up $800 Billion, dump it to Deep State insiders for a whopping 0.1% reduction in inflation.

I’m sure Americans will be happy next year that inflation is 14.6% and not 14.7%.

NEGLIGIBLE EFFECT

 

[AntonToo]

Oh boy. Print up $800 Billion, dump it to Deep State insiders for a whopping 0.1% reduction in inflation.

Oh boy, why do you keep posting silly trash?

Does the bill cease to exist after 2023? No. Why do you need me to explain that?

Are there politics involved in naming the bill? Sure. Inflation is high concern to voters and so they make sure to name it accordingly even though clearly there are other priorties addressed as well. Doesn't make the bill bad.

 

[WEATHER53]

No going to separate recyclables into 8 bins
Not going to leave AC on 80
Not going to leave heat on 62
Not going to flush toilets just once per day
Not going to take 3rd world busses everywhere

None of these are compatible with American ideals. We worked our way up and not going to join hands and join up with those who won’t.

 

[LAUGHatLEFTISTS]

Inflation was caused by Trump printing 500% more money as all presidents in history COMBINED!

Looky here, a leftist found a graph!

 

[AntonToo]

No going to separate recyclables into 8 bins
Not going to leave AC on 80
Not going to leave heat on 62
Not going to flush toilets just once per day
Not going to take 3rd world busses everywhere

None of these are compatible with American ideals. We worked our way up and not going to join hands and join up with those who won’t.

WTF does that have to do with the topic? Do you just feel like venting your hyperbole somewhere?