Bloomberg in 2021 said Biden’s spending on these bills will skyrocket inflation. This was predicted last year.

https://www.bloomberg.com/news/articles/2021-11-17/top-economists-see-biden-s-spending-plan-adding-to-inflation

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:raising taxes during a recession?

The 15% corporate minimum tax only hits companies with profits of more than $1 billion per year, and operates as a business version of the AMT. Not sure the American people are going to have sympathy for them.

Simple, they pay more in taxes. They raise prices on the consumer to offset the higher tax burden. Consumer pays higher price at register screwing consumer. So they will simply pass this along and consumer will get hit with higher inflation. Does any one in this admin station actually take economics classes. Also, printing billion of dollars out of thin air tends to worsen inflation as well as it devalues the dollars in circulation.

This bill does nothing to fix inflation.

Yes, Republicans have fought inflation by stopping BBB. It was supposed to be a 2-3 trillion dollar bill to push Biden Agenda. Luckily 2 Dem senators stopped it as well. If that was passed, could you imagine the gasoline 3 trillion dollars printed out of thin air would have done to inflation!!! It would be 12-15 percent.

Anonymous wrote:

Anonymous wrote:raising taxes during a recession?

The 15% corporate minimum tax only hits companies with profits of more than $1 billion per year, and operates as a business version of the AMT. Not sure the American people are going to have sympathy for them.

Simple, they pay more in taxes. They raise prices on the consumer to offset the higher tax burden. Consumer pays higher price at register screwing consumer. So they will simply pass this along and consumer will get hit with higher inflation. Does any one in this admin station actually take economics classes. Also, printing billion of dollars out of thin air tends to worsen inflation as well as it devalues the dollars in circulation.

This bill does nothing to fix inflation.

Sinema is the only reason Biden was able to get an infrastructure and any gun legislation through. Thats the only significant legislative wins besides the American resscue plan.

The fact they didnt run this by her and announced something prematurely is a mistake. They really dont know how to manage expectations.

Anonymous wrote:

Anonymous wrote:Durbin is out with covid so they have a pretty narrow window to figure this all out.

They better pass this quickly with all the old people in the senate about to croak anytime soon and give senate control back to the republicans.

There are plenty of old Republicans in the Senate too.

Yes but they are not trying to jam something quickly through using reconciliation.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Durbin is out with covid so they have a pretty narrow window to figure this all out.

They better pass this quickly with all the old people in the senate about to croak anytime soon and give senate control back to the republicans.

I can’t imagine her supporting this since (a) it gives a win to Biden and the national Democratic Party and (b) she wasn’t party to the two way negotiations between Manchin and Schumer. Her ego is bigger than any pesky climate change.

Oh yeah she’s totally against supporting the national Democratic Party…

Missing PP’s point. She was heavily involved in the infrastructure bill and isn’t in this one.

Anonymous wrote:raising taxes during a recession?

The 15% corporate minimum tax only hits companies with profits of more than $1 billion per year, and operates as a business version of the AMT. Not sure the American people are going to have sympathy for them.

Anonymous wrote:

Anonymous wrote:Durbin is out with covid so they have a pretty narrow window to figure this all out.

They better pass this quickly with all the old people in the senate about to croak anytime soon and give senate control back to the republicans.

I can’t imagine her supporting this since (a) it gives a win to Biden and the national Democratic Party and (b) she wasn’t party to the two way negotiations between Manchin and Schumer. Her ego is bigger than any pesky climate change.

Oh yeah she’s totally against supporting the national Democratic Party…

Anonymous wrote:Durbin is out with covid so they have a pretty narrow window to figure this all out.

They better pass this quickly with all the old people in the senate about to croak anytime soon and give senate control back to the republicans.

I can’t imagine her supporting this since (a) it gives a win to Biden and the national Democratic Party and (b) she wasn’t party to the two way negotiations between Manchin and Schumer. Her ego is bigger than any pesky climate change.

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.

Yep, it might as well be called the Democrat Wish List Act. It won't do anything about inflation.

Anonymous wrote:Durbin is out with covid so they have a pretty narrow window to figure this all out.

They better pass this quickly with all the old people in the senate about to croak anytime soon and give senate control back to the republicans.

There are plenty of old Republicans in the Senate too.

Durbin is out with covid so they have a pretty narrow window to figure this all out.

They better pass this quickly with all the old people in the senate about to croak anytime soon and give senate control back to the republicans.

Sinema is a astroturf plant by the Koch brothers. It is really a shame she snowed the voters of Arizona in such a manner.

I dont think this bill in its current form is going to make it.

Parliamentarian still has to give blessing on most of the provisions and Sinema is opposed to most of the tax changes including carried interest that the private equity/VC industry is going to heavily oppose as well as the corporate minimum tax. If the tax provision crumble, then the bill just becomes an inflationary spending bill again.

Nice try for the headlines but hardly the time to spike the ball and declare victory.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

It'll be fun a few months down the road when inflation is even worse and this administration still touts the "Inflation Reduction Act" as something good.
Jimmy Carter says, "Thank you!"

Why do you root for bad things for this country? You clearly hate this country, don't you?

Because PP doesn’t care about America, just sticking it to the libs. Priorities.