.
What Kind of Scam is Joe Manchin Cooking Up?
On Wednesday, Sen. Joe Manchin (D-W.Va.) announced he had struck a deal with Senate Majority Leader Chuck Schumer (D-N.Y.) It’s an agreement Manchin is calling “The Inflation Reduction Act”. The legislation is said to be “a sweeping $740 billion package to increase taxes on the wealthy and invest in climate and health care while also reducing the deficit.”
The White House is extremely pleased as the bill reinstates much of the Democratic domestic policy agenda that Manchin vetoed over the preceding months.
“‘Rather than risking more inflation with trillions in new spending, this bill will cut the inflation taxes Americans are paying, lower the cost of health insurance and prescription drugs, and ensure our country invests in the energy security and climate change solutions we need to remain a global superpower through innovation rather than elimination,’ Manchin said in a lengthy statement.”
For Manchin, the entire deal is uncharacteristically generous to average Americans, the segment of society Manchin, his moderate Democratic brethren, and the Republican Party hold in contempt. Manchin knows this piece of legislation is a dead-end, he has a legion of moderate Democrats prepared to join with the Senate Republicans to vote the bill down. (Or, kill it with the filibuster.)
Either way, there is no chance of a “wealth tax” or any attempt to mitigate climate change will ever be addressed by those congresspersons bought and paid for by Big Business and the billionaire class.
“The Inflation Reduction Act”, is nothing more an inside joke within “hallowed halls” of Washington D. C.
news.yahoo.com
.
What Kind of Scam is Joe Manchin Cooking Up?
On Wednesday, Sen. Joe Manchin (D-W.Va.) announced he had struck a deal with Senate Majority Leader Chuck Schumer (D-N.Y.) It’s an agreement Manchin is calling “The Inflation Reduction Act”. The legislation is said to be “a sweeping $740 billion package to increase taxes on the wealthy and invest in climate and health care while also reducing the deficit.”
The White House is extremely pleased as the bill reinstates much of the Democratic domestic policy agenda that Manchin vetoed over the preceding months.
“‘Rather than risking more inflation with trillions in new spending, this bill will cut the inflation taxes Americans are paying, lower the cost of health insurance and prescription drugs, and ensure our country invests in the energy security and climate change solutions we need to remain a global superpower through innovation rather than elimination,’ Manchin said in a lengthy statement.”
For Manchin, the entire deal is uncharacteristically generous to average Americans, the segment of society Manchin, his moderate Democratic brethren, and the Republican Party hold in contempt. Manchin knows this piece of legislation is a dead-end, he has a legion of moderate Democrats prepared to join with the Senate Republicans to vote the bill down. (Or, kill it with the filibuster.)
Either way, there is no chance of a “wealth tax” or any attempt to mitigate climate change will ever be addressed by those congresspersons bought and paid for by Big Business and the billionaire class.
“The Inflation Reduction Act”, is nothing more an inside joke within “hallowed halls” of Washington D. C.
Joe Manchin Agrees To Sweeping Legislation To Raise Taxes On Wealthy, Invest In Climate
The proposed legislation, called the "Inflation Reduction Act,” will raise taxes on the wealthy to fund investments in climate and health care.
.
