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Inflation Reduction Act of 2022… What?
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Aug 17, 2022 15:00:42   #
Radiance3
 
straightUp wrote:
Look, Trump has been fighting civil cases for at least that long many of which he settled out of court, which is usually an indication of guilt. I mean why else would you settle? You know what else is an indication of guilt? Pleading the 5th which Trump did in response to something like 68 direct questions from the court the other day. You know who agrees with me... Donald Trump himself, who has on several occasions insisted on national television that anyone pleading the 5th is guilty.

https://youtu.be/hMyh7ko9L2g

But unlike you, swearing without evidence that people are guilty of treason... I'm going to wait patiently for the verdict.
Look, Trump has been fighting civil cases for at l... (show quote)

===============
StraightUp, you are really so screwed up, and it seems to me a waste of my valuable time putting up with you. You understand nothing. Perhaps Joe Biden and your brain may harmonize of both your stupidity.

I'll grade you even lower than F-1 in the basic Political Science 101 class. Dream on!

Reply
Aug 18, 2022 11:22:05   #
Radiance3
 
JFlorio wrote:
This is a horrible bill. Filled with pork. Any econ 101 student knows you cannot reduce inflation by spending more money. Also, be very skeptical of any Bill, from either side of the aisle that says in the short termdeficits will go up but ten years later, deficits will decrease. These lying assholes in D.C. can't predict next week let alone a decade later.
First Lie: calling this an inflation bill. The purpose of the bill is to address c*****e c****e, not inflation.
Second Lie: Helps the average American buy electric vehicles. It also provides $20 billion in cheap federal loans for automobile manufacturers to build “clean vehicle” factories and removes the cap on $7,500 tax credits for affluent Americans to buy electric vehicles.
Third Lie: I***t, compulsive liar and all around corrupt POS Biden has always said he would never raise taxes on those making less than $400,000/yr. While the bill would not reduce inflation, it would raise tax revenues by $470 billion, adding a new burden on American businesses that are already struggling under the weight of inflation, supply-chain issues and a historic labor shortage. And it breaks Biden’s promise never to raise taxes on any Americans making less than $400,000 a year. According to the Joint Committee on Taxation, the bill would raise taxes on Americans earning less than $200,000 to the tune of $16.7 billion in2023 and would generate $14.1 billion from those making between $200,000 and $500,000 a year. Indeed, Biden may be the first president to announce a major tax hike the same week that the economy entered its second straight quarter of negative growth — a traditional definition of recession.
Fourth lie: c*****e c****e is the number one threat to America. If that is true why do less than 1% of the
American people agree with them?
Lie five: This Bill is good for the majority of Americans: Once again, the Bill is geared towards the rich. The Biden administration is providing taxpayer subsidies to couples making $300,000 a year who can already afford a Tesla. So, calling this legislation what it really is, a climate tax will never be uttered by the liars in D.C..
Lie Six: (Not in the bill) We are not in a recession. Really? So, two quarters of negative GDP is no longer considered a recession. I guarantee it will be if a Republican president ever presides over two negative quarters of GDP. I'm in the business so I track the economy closely. We have had an inverted bond curve recently. The two year treasury is paying more than the ten year treasury. Just know; every single recession this country has ever gone through was proceeded by an inverted bond curve.

Biden is not only a failed President, he's a compulsive, dangerous liar. H**e Trump all you want. I don't much like him but the difference in the trajectory of the country since this t*****r Biden took over is astonishing. If you have eyes to see, and ears to hear.
This is a horrible bill. Filled with pork. Any eco... (show quote)

===================
That compulsive LIAR Joe Biden does not respect the America people. I think he is a puppet of someone trying to destroy this country to achieve the t***sformation of this country to a different ideology. They want to own it.

Here are the current events happening to t***sform this country for their own.
1. Destroying and erasing the history of this country.
2. Indoctrinate the children, brainwash them to h**e and destroy, eliminate the Founding White people . This children when they grow up will be the ones running this country. Once they grow up, their minds are already fully developed to their ideology.
3.Notice that they are dumbing the White kids cause most of them are naturally smarter by prohibiting them from getting the educational training in Public Schools, that are given to the b****s or colored ones. The purpose is to ensure that the population as they grow older, could compete and surpass.
4. They use the CRT, WOKEISM, as their tools to achieve that.

4. Notice that they are beginning to remove the White Teachers even when they are more qualified and have seniority over the colored ones.

5. To erase the history from the minds of the people, they have replaced with the f**e one, project 1619.

https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/16/fact-sheet-how-the-inflation-reduction-act-helps-black-communities/

6. They destroy the Founders statues, erase any historical tracks of the past that could remind people where this country came from.

7. At all cost, they are preventing Donald Trump, who wanted to preserve the legacy of this country, the history, and how it was created with freedom from God. Trump is the biggest hindrance to their t***sformation.

8. They have used C*****e C****e as a weapon to sabotage business and extort the wealth of the people who've sacrificed moving up, impose the highest taxes to extort their own funds to use for this t***sformation, and to weaken those who've succeeded and had achieved.

9. They have used the p******c C***d19, to hinder majority of the people to work, to learn, by demanding them to stand down. Meaning, stay home, masking all including 2 year old kids. Demanding that all must v******te to prevent spread even when science proved that it is not applicable to children both v*****e and masks. But rather these destroys the growing up of children, both psychologically and mentally.

10. Using C*****e c****e as a tool to hinder growth of businesses, and to r****d growth of people by closing all oil and mineral resources drilling in our land. But rather imports dirty oil from foreign and enemy countries who emit massive pollution to the atmosphere, due to their unscientific and dirty processing. US has the most clean and sophisticated technology of producing its own energy resources, but they have prevented and closed all activities that produce our own energy.

11. In the name of C*****e C****e this administration requires the American people to use electric cars which is 3 times more expensive and unaffordable to majority of the American people.

12. Open wide the US borders for the whole world to invade this country. Where i******s came without being vetted, most of them unsk**led yet huge muscled young men of all ethic backgrounds. Thousands of these are terrorists, drug dealers, convicts, rapists, drug addicts, and infested with all kinds of communicable diseases they bring and spread to all of us. Thousands of pounds of drugs are secretly shipped daily into the US. Already proven that hundreds of thousands of our people are being k**led, poisoned and made other violent as a result of these drugs. Biden does not care about this. He cares more of forcing all the masks up.

Since Biden came Jan 2021, approximately 3.5 million i******s have entered, excluding those who were able to escape , hid around the country in millions more. Today we have a population of more than 46 millions of i*****l m*****ts, much more than the current population of Canada which is only 38.1 million. I******s make so many babies without any value to them cause they usually dump their kids thru the US borders to Border Patrol Agents pick them up. How are we taxpayers funding them? On top of our shoulders , we the taxpayers are now suffering due to this highest inflation.

13. While most of the democrat women k**l and abort their babies over and over, they also want to burn Christian churches, and life saving facilities nurturing those babies to survive.

14. Encourage and multiply violence by releasing convicts and criminal into the streets attacking innocent people. This administration has the highest violence since history of this country begun.

15. And finally these monster democrats have removed God from peoples' lives by burning Churches, attacking Christianity, attacking those health facilities that protect mothers and their babies who want to nurture life into this world.

Biden and his handlers to fund their operations, they created a legislation which is deceptively called "Build Back Better", and the "Inflation Reduction" The motive is so deceive the American people. This results will destroy the economy, by raising the inflation, create economic recession.[/b]

Biden 1st Stage of Deception.
Democrats approved a bill called Inflation Reduction with a budget of $740 billion. This in fact is only a preliminary stage that the greater one that will follow is BBB with extended cost of $5.1 trillion.

Let start with the Inflation reduction of $740 billion. What makes this up? The summary was not complete and accurately described.
1. Fund C*****e C****e of $369 billion. $64 billion for Affordable Care Act, and aims to reduce deficit of $300 billion. These are not acceptable for an accounting purpose. Cause it is not specific and accurate.


2. How do they get funding for this:
1. Raise 15% corporate tax. Currently corporate tax is 21%. With this added 15% become total corporate tax is 36%. According to their plan, would raise $222 billion.
2. Another reduction of prescription drug reform which could save $265 billion.
3. $74 billion would come from 1% charge on stock buy back program.
4. $52 billion would come from limiting tax deductions from high income earners .


https://www.cnbc.com/2022/08/16/watch-live-biden-to-sign-inflation-reduction-act-into-law-setting-15percent-minimum-corporate-tax-rate.html

Note: These are all inaccurately presented, not complete with lots of hidden schemes. For an accounting standpoint, these are NOT acceptable. But Biden and his troops could fool the American people to achieve their plans.

All 50 Dem Senators approved with additional v**e of the VP Kamala Harris. All 50 GOP Senators did not approve.

It is our money. We must require proper accounting how our money paid to the IRS are being expended. Most of them are thru corruptions of the democrat party.

Another huge expenditure on demand is this payment of $1.6 trillion Student loan. AOC when in college still owe $50,000 which she did not pay, demanding from Biden and DEM Congress to settle payment of the $1.6 trillion student loans. Most of them are earning high paying jobs, why require us taxpayers to pay for their loans?

Biden is not done with this $740 billion project. The next one he'll take up is the BBB which could cost taxpayers $3.6 trillion to $5.1 trillion as preliminary expectations.

Unless we remove this Marxist administration this Nov. 2022, we may not be able to restore this country to democracy, the Constitutional-Republic and our Constitution forever replaced as designed by Barack Obama, Bernie Sanders, the Dem powers in Congress, and the elite IT industries. The news bearers are the L*****T MSM'S.

The UN is aiming for ONE WORLD GOVERNMENT. UN is mostly represented by tyrants, parasites, and terrorists. They are not Christians.

Reply
Aug 20, 2022 00:18:01   #
Radiance3
 
Radiance3 wrote:
===================
That compulsive LIAR Joe Biden does not respect the America people. I think he is a puppet of someone trying to destroy this country to achieve the t***sformation of this country to a different ideology. They want to own it.

Here are the current events happening to t***sform this country for their own.
1. Destroying and erasing the history of this country.
2. Indoctrinate the children, brainwash them to h**e and destroy, eliminate the Founding White people . This children when they grow up will be the ones running this country. Once they grow up, their minds are already fully developed to their ideology.
3.Notice that they are dumbing the White kids cause most of them are naturally smarter by prohibiting them from getting the educational training in Public Schools, that are given to the b****s or colored ones. The purpose is to ensure that the population as they grow older, could compete and surpass.
4. They use the CRT, WOKEISM, as their tools to achieve that.

4. Notice that they are beginning to remove the White Teachers even when they are more qualified and have seniority over the colored ones.

5. To erase the history from the minds of the people, they have replaced with the f**e one, project 1619.

https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/16/fact-sheet-how-the-inflation-reduction-act-helps-black-communities/

6. They destroy the Founders statues, erase any historical tracks of the past that could remind people where this country came from.

7. At all cost, they are preventing Donald Trump, who wanted to preserve the legacy of this country, the history, and how it was created with freedom from God. Trump is the biggest hindrance to their t***sformation.

8. They have used C*****e C****e as a weapon to sabotage business and extort the wealth of the people who've sacrificed moving up, impose the highest taxes to extort their own funds to use for this t***sformation, and to weaken those who've succeeded and had achieved.

9. They have used the p******c C***d19, to hinder majority of the people to work, to learn, by demanding them to stand down. Meaning, stay home, masking all including 2 year old kids. Demanding that all must v******te to prevent spread even when science proved that it is not applicable to children both v*****e and masks. But rather these destroys the growing up of children, both psychologically and mentally.

10. Using C*****e c****e as a tool to hinder growth of businesses, and to r****d growth of people by closing all oil and mineral resources drilling in our land. But rather imports dirty oil from foreign and enemy countries who emit massive pollution to the atmosphere, due to their unscientific and dirty processing. US has the most clean and sophisticated technology of producing its own energy resources, but they have prevented and closed all activities that produce our own energy.

11. In the name of C*****e C****e this administration requires the American people to use electric cars which is 3 times more expensive and unaffordable to majority of the American people.

12. Open wide the US borders for the whole world to invade this country. Where i******s came without being vetted, most of them unsk**led yet huge muscled young men of all ethic backgrounds. Thousands of these are terrorists, drug dealers, convicts, rapists, drug addicts, and infested with all kinds of communicable diseases they bring and spread to all of us. Thousands of pounds of drugs are secretly shipped daily into the US. Already proven that hundreds of thousands of our people are being k**led, poisoned and made other violent as a result of these drugs. Biden does not care about this. He cares more of forcing all the masks up.

Since Biden came Jan 2021, approximately 3.5 million i******s have entered, excluding those who were able to escape , hid around the country in millions more. Today we have a population of more than 46 millions of i*****l m*****ts, much more than the current population of Canada which is only 38.1 million. I******s make so many babies without any value to them cause they usually dump their kids thru the US borders to Border Patrol Agents pick them up. How are we taxpayers funding them? On top of our shoulders , we the taxpayers are now suffering due to this highest inflation.

13. While most of the democrat women k**l and abort their babies over and over, they also want to burn Christian churches, and life saving facilities nurturing those babies to survive.

14. Encourage and multiply violence by releasing convicts and criminal into the streets attacking innocent people. This administration has the highest violence since history of this country begun.

15. And finally these monster democrats have removed God from peoples' lives by burning Churches, attacking Christianity, attacking those health facilities that protect mothers and their babies who want to nurture life into this world.

Biden and his handlers to fund their operations, they created a legislation which is deceptively called "Build Back Better", and the "Inflation Reduction" The motive is so deceive the American people. This results will destroy the economy, by raising the inflation, create economic recession.[/b]

Biden 1st Stage of Deception.
Democrats approved a bill called Inflation Reduction with a budget of $740 billion. This in fact is only a preliminary stage that the greater one that will follow is BBB with extended cost of $5.1 trillion.

Let start with the Inflation reduction of $740 billion. What makes this up? The summary was not complete and accurately described.
1. Fund C*****e C****e of $369 billion. $64 billion for Affordable Care Act, and aims to reduce deficit of $300 billion. These are not acceptable for an accounting purpose. Cause it is not specific and accurate.


2. How do they get funding for this:
1. Raise 15% corporate tax. Currently corporate tax is 21%. With this added 15% become total corporate tax is 36%. According to their plan, would raise $222 billion.
2. Another reduction of prescription drug reform which could save $265 billion.
3. $74 billion would come from 1% charge on stock buy back program.
4. $52 billion would come from limiting tax deductions from high income earners .


https://www.cnbc.com/2022/08/16/watch-live-biden-to-sign-inflation-reduction-act-into-law-setting-15percent-minimum-corporate-tax-rate.html

Note: These are all inaccurately presented, not complete with lots of hidden schemes. For an accounting standpoint, these are NOT acceptable. But Biden and his troops could fool the American people to achieve their plans.

All 50 Dem Senators approved with additional v**e of the VP Kamala Harris. All 50 GOP Senators did not approve.

It is our money. We must require proper accounting how our money paid to the IRS are being expended. Most of them are thru corruptions of the democrat party.

Another huge expenditure on demand is this payment of $1.6 trillion Student loan. AOC when in college still owe $50,000 which she did not pay, demanding from Biden and DEM Congress to settle payment of the $1.6 trillion student loans. Most of them are earning high paying jobs, why require us taxpayers to pay for their loans?

Biden is not done with this $740 billion project. The next one he'll take up is the BBB which could cost taxpayers $3.6 trillion to $5.1 trillion as preliminary expectations.

Unless we remove this Marxist administration this Nov. 2022, we may not be able to restore this country to democracy, the Constitutional-Republic and our Constitution forever replaced as designed by Barack Obama, Bernie Sanders, the Dem powers in Congress, and the elite IT industries. The news bearers are the L*****T MSM'S.

The UN is aiming for ONE WORLD GOVERNMENT. UN is mostly represented by tyrants, parasites, and terrorists. They are not Christians.
=================== br i That compulsive LIAR Jo... (show quote)

====================
The Detailed cost of the Inflation Reduction Act of FJB listed above. This is another copy.

https://www.democrats.senate.gov/imo/media/doc/inflation_reduction_act_one_page_summary.pdf
LATEST SUMMARY: THE INFLATION REDUCTION ACT OF 2022
Updated: August 11, 2022
The Inflation Reduction Act of 2022 will make a historic down payment on deficit reduction to fight inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030. The bill will also finally allow Medicare to negotiate for prescription drug prices and extend the expanded Affordable Care Act program for three years, through 2025.

Additionally, the agreement calls for comprehensive Permitting reform legislation to be passed before the end of the fiscal year. Permitting reform is essential to unlocking domestic energy and t***smission projects, which will lower costs for consumers and help us meet our long-term emissions goals.

TOPLINE ESTIMATES:

TOTAL REVENUE RAISED $737 billion *This is another list, a repeat of the above.
Where the funds will come from:
15% Corporate Minimum Tax $222 billion*
Prescription Drug Pricing Reform $265 billion***
IRS Tax Enforcement $ 124 billion**
1% Stock Buybacks Fee $74 billion*
Loss Limitation extension $52 billion
=======================
Total--------------------------$737 billion

========================

TOTAL INVESTMENTS $437 billion

Funded to:
Energy Security and C*****e C****e $369 billion*
Affordable Care Act Extension $ 64 billion**
Western Drought Resiliency $ 4 billion***
TOTAL DEFICIT REDUCTION $300+ billion
------------------------------------------
Total-----------------------------$737 billion

============================

Notes: These amounts are just estimated budget, final report must be presented to the people after completion. Total of $737 billion. The Treasury and the Budget Office must have detailed figures and documents for all the t***sactions after completion.

* = Joint Committee on Taxation estimate
** = Congressional Budget Office estimate
*** = Senate estimate, awaiting final CBO score

The Inflation Reduction Act:
1. Expands Medicare benefits: free v*****es (2023), $35/month insulin (2023) and caps out-of-pocket drug
costs to an estimated $4,000 or less in 2024 and settling at $2,000 in 2025
2. Lowers energy bills: cuts energy bills by $500 to $1,000 per year
3. Makes historic climate investment: reduces carbon emissions by roughly 40% by 2030
4. Lowers health care costs: saves the average enrollee $800/year in the ACA marketplace, allows Medicare
to negotiate 100 drugs over the next decade, and requires drug companies to rebate back price increases
higher than inflation
5. Creates manufacturing jobs: more than $60 billion invested will create millions of new domestic clean
manufacturing jobs
6. Invests in disadvantaged communities: cleaning up pollution and taking steps to reducing environmental
injustice with $60 billion for environmental justice

7. Closes tax loopholes used by wealthy: a 15% corporate minimum tax, a 1% fee on stock buybacks and
enhanced IRS enforcement
8. Protects families and small business making $400,000 or less

Reply
 
 
Aug 20, 2022 06:50:30   #
RandyBrian Loc: Texas
 
Radiance3 wrote:
====================
The Detailed cost of the Inflation Reduction Act of FJB listed above. This is another copy.

https://www.democrats.senate.gov/imo/media/doc/inflation_reduction_act_one_page_summary.pdf
LATEST SUMMARY: THE INFLATION REDUCTION ACT OF 2022
Updated: August 11, 2022
The Inflation Reduction Act of 2022 will make a historic down payment on deficit reduction to fight inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030. The bill will also finally allow Medicare to negotiate for prescription drug prices and extend the expanded Affordable Care Act program for three years, through 2025.

Additionally, the agreement calls for comprehensive Permitting reform legislation to be passed before the end of the fiscal year. Permitting reform is essential to unlocking domestic energy and t***smission projects, which will lower costs for consumers and help us meet our long-term emissions goals.

TOPLINE ESTIMATES:

TOTAL REVENUE RAISED $737 billion *This is another list, a repeat of the above.
Where the funds will come from:
15% Corporate Minimum Tax $222 billion*
Prescription Drug Pricing Reform $265 billion***
IRS Tax Enforcement $ 124 billion**
1% Stock Buybacks Fee $74 billion*
Loss Limitation extension $52 billion
=======================
Total--------------------------$737 billion

========================

TOTAL INVESTMENTS $437 billion

Funded to:
Energy Security and C*****e C****e $369 billion*
Affordable Care Act Extension $ 64 billion**
Western Drought Resiliency $ 4 billion***
TOTAL DEFICIT REDUCTION $300+ billion
------------------------------------------
Total-----------------------------$737 billion

============================

Notes: These amounts are just estimated budget, final report must be presented to the people after completion. Total of $737 billion. The Treasury and the Budget Office must have detailed figures and documents for all the t***sactions after completion.

* = Joint Committee on Taxation estimate
** = Congressional Budget Office estimate
*** = Senate estimate, awaiting final CBO score

The Inflation Reduction Act:
1. Expands Medicare benefits: free v*****es (2023), $35/month insulin (2023) and caps out-of-pocket drug
costs to an estimated $4,000 or less in 2024 and settling at $2,000 in 2025
2. Lowers energy bills: cuts energy bills by $500 to $1,000 per year
3. Makes historic climate investment: reduces carbon emissions by roughly 40% by 2030
4. Lowers health care costs: saves the average enrollee $800/year in the ACA marketplace, allows Medicare
to negotiate 100 drugs over the next decade, and requires drug companies to rebate back price increases
higher than inflation
5. Creates manufacturing jobs: more than $60 billion invested will create millions of new domestic clean
manufacturing jobs
6. Invests in disadvantaged communities: cleaning up pollution and taking steps to reducing environmental
injustice with $60 billion for environmental justice

7. Closes tax loopholes used by wealthy: a 15% corporate minimum tax, a 1% fee on stock buybacks and
enhanced IRS enforcement
8. Protects families and small business making $400,000 or less
==================== br The Detailed cost of the I... (show quote)


Well, of COURSE is does all that. The Democrats have an honored history of naming their bills accurately, and the bills resulting in EXACTLY what the Democrats said they would do. We can trust them and President Biden.

Reply
Aug 20, 2022 07:40:11   #
Radiance3
 
RandyBrian wrote:
Well, of COURSE is does all that. The Democrats have an honored history of naming their bills accurately, and the bills resulting in EXACTLY what the Democrats said they would do. We can trust them and President Biden.
Well, of COURSE is does all that. The Democrats h... (show quote)

======================
Everything is hidden pork. Loaded with schemes to deceive. The amount reported is not the amount the to spend as indicated. Sources will be taken from taxpayers. Me included.

I must audit all the activities done by the Budget Office and the Treasury. They are all deceptive. C*****e c****e is only used as a tool to mislead. Money will be mostly redistributed to buy v**es for the Mid-Term in the name of C*****e C****e. Democrats are all CROOKS.

Reply
Aug 20, 2022 11:04:17   #
Radiance3
 
Radiance3 wrote:
======================
Everything is hidden pork. Loaded with schemes to deceive. The amount reported is not the amount the to spend as indicated. Sources will be taken from taxpayers. Me included.

I must audit all the activities done by the Budget Office and the Treasury. They are all deceptive. C*****e c****e is only used as a tool to mislead. Money will be mostly redistributed to buy v**es for the Mid-Term in the name of C*****e C****e. Democrats are all CROOKS.
====================== br Everything is hidden por... (show quote)

=====================
How DEMS get the $222 billion:
Adding 15% to the already 21% now become 36% corporate tax. This is too high for companies to survive with profitably. Investors will withdraw, businesses slow down or close.

To keep the company going or just break even, the option of the corporations are as follows. 1. Raise the price of the services or merchandise they sell. 2. Reduce employment.

Once prices are raised, inflation also are raised. One employment is reduced, production is also reduced. Therefore supplies of goods and services are lessened versus the demands of the people. Result, inflation go up.

Or businesses may even close. When business close, no tax is paid to the IRS. Then our country with so many democrat handouts to feed, could not afford. More inflation go up.

Those people who were laid off were once taxpayers, paying taxes . When laid off and without jobs, they become dependent upon the government to be feed.

These are Masterful of Deceptions by the CORRUPT DEMOCRATS, to extort money from the working people and corporate businesses for their political empowerment. We the people are the victims, All of these will RAISE INFLATION. YOU are soo stupid and corrupt Marxist democrats lead by FJB.

Reply
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