Inflation Reduction Act of 2022

[Anonymous]

Anonymous wrote: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…

Unemplyment is at 3.5% right now. The tax increases are a minimum tax for profitable companies with over $1 billion in revenue and a 1% surtax on buybacks. That's nothing. A technical recession was inevitable since deficit spending was reduced by $2 trillion this year. Inflation will work its way through as the spending that was pushed forward during the pandemic slows down. The economy is in surprisingly good shape. The sky is not falling and a basic limitation on accounting gimmicks is not a big deal.

[Anonymous]

Anonymous wrote:

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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.

So you are either a govt employee where you don’t have to worry about your job or you are a stay at home parent who does not work.

If you mean greedy as trying to keep the company afloat and help as many people keep their jobs and pay them as well as I can so they can provide for their families, sure.
You sound like the typical greedy business owner. Suck it.

[Anonymous]

Good job, Dems! Way to stick it to the little guy!!!

[Anonymous]

Anonymous wrote:

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.

If you mean greedy as trying to keep the company afloat and help as many people keep their jobs and pay them as well as I can so they can provide for their families, sure.

[Anonymous]

Higher taxes.... just what we all want!!!

[Anonymous]

Higher gas prices!!! YAY! Democrats think they are not high enough already.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

So you are either a govt employee where you don’t have to worry about your job or you are a stay at home parent who does not work.

If you mean greedy as trying to keep the company afloat and help as many people keep their jobs and pay them as well as I can so they can provide for their families, sure.
You sound like the typical greedy business owner. Suck it.

Meh.
Typical Trumpster whining.

[Anonymous]

Look at the GOP running around like headless chickens.

[Anonymous]

Democrats agreed to work through the weekend to pass a very important climate support bill and GOP cannot stop whining because they cannot block governing this time.

[Anonymous]

GOP voted to remove insulin provision:

https://www.cnn.com/2022/08/06/politics/senate-democrats-health-care-climate-bill-vote/index.html

As expected, key insulin provisions were struck out of the bill after Republicans raised a point of order, resulting in a vote to strip them out.

The final vote was 57-43. A 60-vote threshold was needed to keep the provision in place.

The provisions initially included in the bill would have limited insulin prices to $35 per month in both the private insurance market as well as through Medicare. But the Senate parliamentarian ruled that the cap on insulin in the private insurance market was not compliant with the reconciliation rules Democrats are utilizing to push their legislation through the chamber.

Republicans, what a way to stick it to the regular Americans while passing taxcut handouts to large corporations and Richie rich!

[Anonymous]

Republicans block cap on millions of patients’ insulin costs

https://www.washingtonpost.com/nation/2022/08/07/insulin-cap-budget-congress/

Republican lawmakers on Sunday successfully stripped a $35 price cap on the cost of insulin for many patients from the ambitious legislative package Democrats are moving through Congress this weekend, invoking arcane Senate rules to jettison the measure.

If you or your loved ones have diabetes, remember this when you vote in Wisconsin and Florida for Johnson and Rubio.

[Anonymous]

Anonymous wrote:Democrats agreed to work through the weekend to pass a very important climate support bill and GOP cannot stop whining because they cannot block governing this time.

Ha Ha,


You are even calling it a “Climate” bill.

So much for it being the “Inflation Reduction Act”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

If you mean greedy as trying to keep the company afloat and help as many people keep their jobs and pay them as well as I can so they can provide for their families, sure.

That bs might work on ignorant red staters but you are talking to a DC crowd who all know what is what. The only non expendable person in a corporation seems to be the owner.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Democrats agreed to work through the weekend to pass a very important climate support bill and GOP cannot stop whining because they cannot block governing this time.

Ha Ha,


You are even calling it a “Climate” bill.

So much for it being the “Inflation Reduction Act”

You mean we pulled one over on you Red staters? Like Moscow Mitch does every day? Smallest violin is now playing...

[Anonymous]

Senate approves the bill.
Let the GOP whining commence, or should I say continue.