Inflation Reduction Act of 2022

[Anonymous]

Anonymous wrote:Whopper tax increase that will drive companies offshore.

Big fat loser for America.

15 percent minimum is pretty low, still. It's very competitive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t see how any of this majorly addresses inflation. Just a bill with a good name that if they vote against others can claim they’re for inflation.

Oh — and what would you prefer?

Inflation control is really a job for the Federal Reserve. They can stop giving out any further stimulus payments and restart payments on the student loan program. The bill name is to make themselves look good.

They stopped giving out stimulus with the last CTC check in December 2021. And Congress needs to do something.

Federal Reserve controls inflation by raising interest rates to tamp down demand. And that's what the Federal Reserve has and will be doing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:And guess who’s a co-author?

I love Manchin he’s playing chess while the Squad is playing checkers. They’re so desperate they’d sign it if he named it the ‘Kiss Manchin’s Butt Bill of 2022’

Manchin isn't playing chess. He's playing his own warped version of "football" just like how Lucy used to do it in the Peanuts comics.

And if this is passed next week what will you say then?

I think Manchin is seeing the writing on the wall - Dems are poised to gain enough Senate seats in the mid terms to make him irrelevant and so he realizes he needs to start playing ball again.

[Anonymous]

Biden is so damn smooth on energy policy/ I think it’s great to give him more powder to work with.

What a bunch of losers abs jokers

[Anonymous]

So does this bill affect individual taxpayers with changes to rates/credits/deductions or is it just for businesses?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Whopper tax increase that will drive companies offshore.

Big fat loser for America.

15% oh boohoo. Maybe these companies will stop these outrageous hiring salaries.

Companies aren’t going to offshore! They’re in the process of reshoring right now. Globalism is over.

This statement is true. Seeing a good amount of manufacturing activity in my trade. China is going to be the biggest loser when Globalism is reduced.

Actually smaller developing countries will be hurt.China will be fine.

[Anonymous]

Anonymous wrote:So does this bill affect individual taxpayers with changes to rates/credits/deductions or is it just for businesses?

We need to see the text and final act but it appears to be just businesses and largely those that use aggressive deductions and other things like transfer pricing to reduce their taxable net income. Unless you run your own limited partnership with carried interest, you're probably fine.

[Anonymous]

Anonymous wrote:Biden is so damn smooth on energy policy/ I think it’s great to give him more powder to work with.

What a bunch of losers abs jokers

You sound like you’ve been working with some powder, if you know what I mean. What are you talking about?

[Anonymous]

Amazed by the lack of economic education on DCUM. Demand and supply are the issues, not the lack of fiscal revenue

[Anonymous]

Anonymous wrote:

Anonymous wrote:Whopper tax increase that will drive companies offshore.

Big fat loser for America.

15 percent minimum is pretty low, still. It's very competitive.

+1 It’s literally the minimum that Biden got the world to agree to last year,
https://www.whitehouse.gov/briefing-room/statements-releases/2021/07/01/statement-by-president-joe-biden-on-todays-agreement-of-130-countries-to-support-a-global-minimum-tax-for-the-worlds-largest-corporations/

[Anonymous]

Just like the "American Recovery Act" turned out to be the "American Recession Act," the "Inflation Reduction Act of 2022" will turn out to be the "Inflation Acceleration Act of 2022."

This administration has no clue how our economy works.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Whopper tax increase that will drive companies offshore.

Big fat loser for America.

15% oh boohoo. Maybe these companies will stop these outrageous hiring salaries.

Companies aren’t going to offshore! They’re in the process of reshoring right now. Globalism is over.

This statement is true. Seeing a good amount of manufacturing activity in my trade. China is going to be the biggest loser when Globalism is reduced.

Actually smaller developing countries will be hurt.China will be fine.

China has a lot of problems, which gets dismissed here. China will be hurt. Additionally, they passed peak population a couple of years ago. They’ve had endless Covid lockdowns. Everyone is lying to Xi Jinping, so he isn’t getting decent info. Globalism is ending and regional powers/trade is the future. One of the very few good things Trump did was renegotiate NAFTA. Globalism is dead and things are not looking good for China.

[Anonymous]

Anonymous wrote:Amazed by the lack of economic education on DCUM. Demand and supply are the issues, not the lack of fiscal revenue

We have a supply problem steaming from the pandemic and the breakdown of global trade. The Fed and government can’t do much about that..

[Anonymous]

Anonymous wrote:

Anonymous wrote:Amazed by the lack of economic education on DCUM. Demand and supply are the issues, not the lack of fiscal revenue

We have a supply problem steaming from the pandemic and the breakdown of global trade. The Fed and government can’t do much about that..

Maybe Pete could unplug the ports

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Amazed by the lack of economic education on DCUM. Demand and supply are the issues, not the lack of fiscal revenue

We have a supply problem steaming from the pandemic and the breakdown of global trade. The Fed and government can’t do much about that..

Maybe Pete could unplug the ports

Your understanding of the problem is comical. The port is not the problem. It’s the seismic shifts in what consumers wanted to buy during the pandemic, where things are manufactured, and the cost and time of container ships. But keep parroting Fox News so we know you have no clue.