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Reply to "Inflation Reduction Act of 2022"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]What was the legislation republicans were proposing?[/quote] Look.... Biden and the Dems got us into this mess. The fix is not to spend more money and tax more. The fix is to reduce taxes, stop spending, and cut regulations. But, these things would never fly with the far left so Biden would never consider it. This act will compound the problems we are currently experiencing. And, when that happens.... Biden will find someone or something else to blame. [/quote] The last tax cut saved me well over 10k a year in federal income tax. I was not in favor of that nor did I need it. And frankly it is all going into SEP IRAs and investments. That said...cutting taxes is not an option. When you have nearly half the country paying little to no federal income tax and quite a few getting refunds through tax credits...who are you going to cut taxes on? Me? The rest of the upper 10% who don't need such a cut?[/quote]
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