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Reply to "Inflation Reduction Act of 2022"
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[quote=Anonymous][quote=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…[/quote] 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.[/quote]
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