Reply to Inflation Reduction Act of 2022

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[quote=Anonymous]Oh the R’s on here are just seething because:

1. They got played. They passed the huge industrial policy chip bill first. Otherwise, that would have been held up. 
2. It allows the government to negotiate to lower drug prices and leverage its huge market power. That’s huge and popular. 
3. It taxes the profits of companies using aggressive loopholes, it eliminates the carried interest loophole for VC and PE funds, and funds a huge increase to IRS on enforcement. They can finally start going after the wealthy tax cheats in much greater numbers. 
4. It is branded well. Even if it doesn’t fight inflation, everyone voting against it is on record as “voting against the inflation reduction act”. I mean, the talking points write themselves. 
5. If this passes (and I won’t count my chickens until it is), it is timed well as it is popular and gives the Dems something to run on other than just pro choice and infrastructure going into the fall. It’s a big win for the Dems and the R’s on here don’t like anything that makes the Dems and Biden look competent. 
6. The ability to negotiate drug prices and increase the IRS funding alone are really good policies regardless of what the rest of the bill does. Those will have huge positive benefits for the remainder of Biden’s term, even if Congress flips. [/quote]

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