Inflation Reduction Act of 2022

[Anonymous]

Anonymous wrote:When companies lose their tax breaks, consumer goods will go up and layoffs will happen. Y’all are aware of that, right?

Actually no. It might reduce their profitability and it may reduce their stock buybacks, which will impact the incomes of the top executives. Companies will happily employ workers if it would be profitable to do so. I just love these simplistic takes. Somehow eliminating tax breaks is going to be “bad” for these companies. You trumpers hate socialism, right? Maybe eliminating corporate socialism is a good thing. Also increasing the IRS’s budget will allow them to go after more complicated and wealthy tax evaders. That’s how it’s more equitable.

[Anonymous]

Anonymous wrote:When companies lose their tax breaks, consumer goods will go up and layoffs will happen. Y’all are aware of that, right?

Companies will raise prices regardless if they want to. Your fearmongering scares only the low information crowd.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When companies lose their tax breaks, consumer goods will go up and layoffs will happen. Y’all are aware of that, right?

First at the chopping block - the tens of thousands of tech workers hired with no clear workload and even higher pay grades.

Correct. My husband’s company (large) instituted a hiring freeze a week ago in anticipation. Next will come layoffs.

LOL or maybe it’s because the bloom is off the pandemic boom in all things remote along with the crash in FAANG stocks and VC funding. This has nothing to do with an act that just got passed and everything to do with a bear market in formerly high flying sectors of the economy. It’s a welcome correction.

[Anonymous]

Anonymous wrote:Can we just take a moment to celebrate that this monumental legislation got PASSED?

Go Dems! Go Biden! Go environment! Suck it Moscow Mitch! This is huge!

I am so proud and so relieved it wasn’t BBB. Common sense reigned.

[Anonymous]

Hooray for audits! Now everyone can get one!

[Anonymous]

Anonymous wrote:Hooray for audits! Now everyone can get one!

Bad take, lol. We need to go after tax dodgers.

[Anonymous]

Anonymous wrote:Hooray for audits! Now everyone can get one!

Don’t you want the wealthy to pay what they owe?

[Anonymous]

Anonymous wrote:

Anonymous wrote:When companies lose their tax breaks, consumer goods will go up and layoffs will happen. Y’all are aware of that, right?

Actually no. It might reduce their profitability and it may reduce their stock buybacks, which will impact the incomes of the top executives. Companies will happily employ workers if it would be profitable to do so. I just love these simplistic takes. Somehow eliminating tax breaks is going to be “bad” for these companies. You trumpers hate socialism, right? Maybe eliminating corporate socialism is a good thing. Also increasing the IRS’s budget will allow them to go after more complicated and wealthy tax evaders. That’s how it’s more equitable.

+1 I have always found the notion of stock buybacks parasitical.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Even Bernie Sanders just stated bill will have no effect in inflation.

All political theater.

He was quoting the CBO report which is non-partisan gold standard.

[Anonymous]

Anonymous wrote:When companies lose their tax breaks, consumer goods will go up and layoffs will happen. Y’all are aware of that, right?

We are considering layoffs at our firm. We were “considering”… our management team will need to look over this bill carefully but will likely lead to definite layoffs if our tax load increases. Our profit margins are very small due to the already high cost of employee compensation and is overpaying to get people o the door. There is a point when yo I look at an employee and say , yeah, they are not with the $$$$ for what they are doing…

[Anonymous]

Anonymous wrote:

Anonymous wrote:When companies lose their tax breaks, consumer goods will go up and layoffs will happen. Y’all are aware of that, right?

We are considering layoffs at our firm. We were “considering”… our management team will need to look over this bill carefully but will likely lead to definite layoffs if our tax load increases. Our profit margins are very small due to the already high cost of employee compensation and is overpaying to get people o the door. There is a point when yo I look at an employee and say , yeah, they are not with the $$$$ for what they are doing…

Yeah, simple. You raise taxes and companies make less money. That always leads to job cuts as they need to maintain profitability. They can’t print money like the federal reserve.

This is moronic to raise taxes on companies as the economy is sliding into a recession.

[Anonymous]

In 2023 during the election, when economy is in a recession, unemployment is at 9%, we can thank this bill for helping us get there. Just watch. Just like the reckless spending for us into this soaring inflation problem that they said (Yellin in particular and admin) was nothing to worry about and transitory…

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When companies lose their tax breaks, consumer goods will go up and layoffs will happen. Y’all are aware of that, right?

We are considering layoffs at our firm. We were “considering”… our management team will need to look over this bill carefully but will likely lead to definite layoffs if our tax load increases. Our profit margins are very small due to the already high cost of employee compensation and is overpaying to get people o the door. There is a point when yo I look at an employee and say , yeah, they are not with the $$$$ for what they are doing…

Yeah, simple. You raise taxes and companies make less money. That always leads to job cuts as they need to maintain profitability. They can’t print money like the federal reserve.

This is moronic to raise taxes on companies as the economy is sliding into a recession.

Looks like they were not all that great of a company then.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When companies lose their tax breaks, consumer goods will go up and layoffs will happen. Y’all are aware of that, right?

We are considering layoffs at our firm. We were “considering”… our management team will need to look over this bill carefully but will likely lead to definite layoffs if our tax load increases. Our profit margins are very small due to the already high cost of employee compensation and is overpaying to get people o the door. There is a point when yo I look at an employee and say , yeah, they are not with the $$$$ for what they are doing…

Yeah, simple. You raise taxes and companies make less money. That always leads to job cuts as they need to maintain profitability. They can’t print money like the federal reserve.

This is moronic to raise taxes on companies as the economy is sliding into a recession.

Looks like they were not all that great of a company then.

Every company cuts jobs in a recession. Must stay profitable to stay in business. You are speaking like someone who has never owned a business… probably a govt worker.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:When companies lose their tax breaks, consumer goods will go up and layoffs will happen. Y’all are aware of that, right?

We are considering layoffs at our firm. We were “considering”… our management team will need to look over this bill carefully but will likely lead to definite layoffs if our tax load increases. Our profit margins are very small due to the already high cost of employee compensation and is overpaying to get people o the door. There is a point when yo I look at an employee and say , yeah, they are not with the $$$$ for what they are doing…

Yeah, simple. You raise taxes and companies make less money. That always leads to job cuts as they need to maintain profitability. They can’t print money like the federal reserve.

This is moronic to raise taxes on companies as the economy is sliding into a recession.

Looks like they were not all that great of a company then.

Every company cuts jobs in a recession. Must stay profitable to stay in business. You are speaking like someone who has never owned a business… probably a govt worker.

You sound like the typical greedy business owner. Suck it.