News broke a couple days ago that Manchin had flipped back to Dem territory. Previously opposed to Biden's "Build Back Better", he apparently realizes the turmoil is going to cause Dems to lose in midterms, and so quietly flipped after R's voted for the Domestic semiconductor bill.

The resulting agreement is that D's should now have their 50+Kamala in the senate to pass a Reconciliation budget bill (which requires only 50+, not 60 as for other types of legislation).

This, we apparently will be soon getting The Inflation Reduction Act of 2022. It contains some of the initiatives previously in BBB.

A couple things that caught my eye are Solar Tax Credits and EV Tax Credits. Both were in the process of getting phased out. Now we get improvements to the credit for 10 years, no phase out.

The details are to be understood.

For EVs, lots of manufacturers will get that $7500, even on small battery cars. No more cap on the first x sold. This is huge, because, as explained here around the 6 minute mark, you can put a $700 battery into an ICE car and get a $7500 credit.

Dude! All day long!! I suspect there will never be a non hybrid car made again. I bought last year a 50 mpg Kia Niro hybrid (50 mpg) for $27k. No tax credit. I think it would now qualify for $7500 off.

This (Tesla centric) video explains. Jumping ahead to 2 minute mark. But watch thru to the part specifically at minute 6 where the details are mentioned.



I'll next be posting what happens to Solar Tax Credits.

And otherwise, lots to discuss here. Like, how can this be inflation fighting when it puts more money into the economy?

Or, what about the R vs D battle of it all. In response, we've already seen Rs decline to vote for funding for vets exposed to toxic chemicals.

So multifaceted this development.
Have at it, gents!
(sorry, I somehow think everyone here is male).

Update on my 2022 Kia Niro Battery Size:

Standard hybrid:
1.56 kWh

Plug in hybrid version:
8.9 kWh

100% EV (no gas):
64.8 kWh

The new proposed law grants the $7500 tax credit for vehicles with at least 7 kWh battery, so mine would still not get.

So, as the guy in the above video says, this is good for "plug ins", but not standard helper hybrid batteries, as I previously thought.

concordtom said:

---

News broke a couple days ago that Manchin had flipped back to Dem territory. Previously opposed to Biden's "Build Back Better", he apparently realizes the turmoil is going to cause Dems to lose in midterms, and so quietly flipped after R's voted for the Domestic semiconductor bill.

The resulting agreement is that D's should now have their 50+Kamala in the senate to pass a Reconciliation budget bill (which requires only 50+, not 60 as for other types of legislation).

This, we apparently will be soon getting The Inflation Reduction Act of 2022. It contains some of the initiatives previously in BBB.

A couple things that caught my eye are Solar Tax Credits and EV Tax Credits. Both were in the process of getting phased out. Now we get improvements to the credit for 10 years, no phase out.

The details are to be understood.

For EVs, lots of manufacturers will get that $7500, even on small battery cars. No more cap on the first x sold. This is huge, because, as explained here around the 6 minute mark, you can put a $700 battery into an ICE car and get a $7500 credit.

Dude! All day long!! I suspect there will never be a non hybrid car made again. I bought last year a 50 mpg Kia Niro hybrid (50 mpg) for $27k. No tax credit. I think it would now qualify for $7500 off.

This (Tesla centric) video explains. Jumping ahead to 2 minute mark. But watch thru to the part specifically at minute 6 where the details are mentioned.



I'll next be posting what happens to Solar Tax Credits.

And otherwise, lots to discuss here. Like, how can this be inflation fighting when it puts more money into the economy?

Or, what about the R vs D battle of it all. In response, we've already seen Rs decline to vote for funding for vets exposed to toxic chemicals.

So multifaceted this development.
Have at it, gents!
(sorry, I somehow think everyone here is male).

---

The bill raises taxes on the wealthy with a minimum corporate tax and stronger IRS enforcement. It also reduces or eliminates the carried interest loophole favored by Wall Street. It reduces the deficit and that is why it has the name Inflation Reduction Act. It is fiscally responsible, NOT fiscally conservative.

The bill has credits for EV cars, solar, and wind. It allows negotiation for Medicare drugs, and subsidies for Obamacare.

The bill will lower the deficit, help with the climate, and expand access to healthcare. All things conservatives and Republicans hate.

Solar Tax Credit
Was currently at 26% and dropping to 22% in January.

Now, Solar investment tax credit to be extended for 10 years at 30%

As written in the Inflation Reduction Act of 2022, the tax credit will begin at 30% and step down to 26% in 2033 and 22% in 2034.

JULY 28, 2022

In a surprise victory for the solar and clean technology industries, Senator Joe Manchin and Democrats reached an agreement on a reconciliation bill, dubbed the Inflation Reduction Act of 2022. The bill includes $370 billion in spending for renewable energy and climate measures.

One of the most impactful provisions in the bill, which can be read in full text here, is the long-term extension of the Investment Tax Credit, which has been instrumental in launching the solar industry we know today. The bill calls for a 10-year extension at 30% of the cost of the installed equipment, which will then step down to 26% in 2033 and 22% in 2034.The tax credit applies to residential adopters of solar technology.

The 30% credit also applies to energy storage whether it is co-located or installed as standalone energy storage. This enables the retrofit of a battery to a solar array while taking advantage of the credit.

One measure that was hoped for, but is not in the bill, was the "refundability" clause. Refundability means that if the tax credit value exceeds taxes owed on the year, it would be paid as a cash refund. This provision was not included, which hampers the value of the credit for some individuals. However, the credit can be rolled over to a following year.

There are several "adders" for the tax credit depending on the type of organization, domestic product use, and project location. ROTH Capital Partners said that the investment tax credit could reach as high as 50% for some projects with the right adders applied.

The credit also includes the "direct pay" provision. This would allow a developer with little or no tax liability to treat the amount of credit as an overpayment of tax which would result a cash payment refund in the amount of such overpayment being made to the developer.

"With long-term incentives for clean energy deployment and manufacturing, the solar and storage industry is ready to create hundreds of thousands of new jobs and get to work building out the next era of American energy leadership. This is a crucial window of opportunity that we cannot miss, and now Congress must seal the deal and pass this legislation," said Abigail Ross Hopper, president of the Solar Energy Industries Association.

The bill is expected to head to the Senate floor for a vote as early as next week.

Thus, all solar projects being rushed for late 2022 (-26%) to beat the lower 22% credit of Jan 2023, should now be stalled for 2023 in order to get 30% off!

I like a lot of what they did on the EV credit. First, they imposed price caps ($55k car, $80k SUV/truck) and income limits ($300k joint, $150k individual). I think those caps are high for people making those amounts of money, but I'm more fiscally conservative/prudent than most people and I guess they had to draw the line somewhere.

I really like the credit for used vehicles and the way they implemented it - price cap of $25k and much lower income limits ($150k joint, $75k individual). Cars cost too much in this country and providing incentives to get lower prices will be helpful to americans.

Given that it's now easier for plugins to qualify for the full credit, I do agree that it will be incentivizing manufacturers to release low-capability PHEVs with comparatively little environmental benefit although I do think that even 20 miles of electric range will have some benefits since many Americans do a lot of their driving close to home.

Major changes to the Affordable Care Act. The nation's biggest-ever climate bill. The largest tax hike on corporations in decades. And dozens of lesser-known provisions that will affect millions of Americans.

If enacted, the legislation released Wednesday night in a surprise agreement between Sen. Joe Manchin, D-W.Va., and Senate Majority Leader Chuck Schumer, D-N.Y., would represent one of the most consequential pieces of economic policy in recent U.S. history - though still far smaller than the $3 trillion the Biden administration initially sought.

The nonpartisan Committee for a Responsible Federal Budget estimates that the bill would put about $385 billion into combating climate change and bolstering U.S. energy production through changes that would encourage nearly the whole economy to cut carbon emissions. With the planet rapidly warming, Schumer and Manchin say the bill would reduce carbon emissions by roughly 40 percent by 2030, close to President Biden's goal of cutting U.S. emissions by at least 50 to 52 percent below 2005 levels by 2030. Manchin also emphasized that it would spur American energy independence more broadly, including by encouraging natural gas, as the war in Ukraine has exposed domestic reliance on petrostates' fossil fuel production.

The bill uses two main levers: Major new incentives for private industry to produce far more renewable energy, and other incentives for households to transform their energy use and consumption. Democrats say this second set of incentives will also offer immediate consumer relief for the higher energy prices that have bedeviled the Biden administration.

The agreement would also raise roughly $470 billion through new tax provisions, the budget group estimates - the biggest of which will fall on the country's large corporations. After years of rising concern about widening wealth inequality, Democrats failed in their efforts to repeal Republicans' 2017 tax law. The new bill leaves intact most of the corporate and individual income tax cuts President Donald Trump signed into law, largely because Sen. Kyrsten Sinema, D-Ariz., had insisted on leaving them untouched.

But it would still raise taxes significantly, and it would give the badly underfunded IRS its biggest budget increase in its history.



"This would certainly be the biggest corporate tax increase in decades," said Steve Wamhoff, a tax expert at Institute on Taxation and Economic Policy, a left-leaning think tank. "We've had decades of tax policy benefiting the rich, but this is really the first attempt to raise revenue in a progressive way that would begin to combat wealth and income inequality."

On health care, Democrats campaigned in 2020 on major changes, and this deal fulfills two major pledges: Allowing Medicare to negotiate the price of prescription drugs, and making health care more affordable for millions of Americans.

It falls short on plugging one of the biggest gaps of the Affordable Care Act and other key items long sought by the party's more liberal members. Still, it amounts to the biggest changes to the health system in roughly a decade.

"This is the best development on health care for the American people in years," Sara Lonardo, a spokeswoman for Families USA, a liberal consumer health lobby, said in a statement. "It's crucial we get this deal locked down and passed as soon as possible. Once this bill is law, we will keep fighting to ensure the millions of Americans in the Medicaid coverage gap get the care they need to live their healthiest lives."



The bill leaves out many key policy ambitions of Democrats - excluding, for instance, plans for new child care, housing, elder care and paid-leave programs. But after months of gridlock and false starts, Democrats hope this agreement will finally become law.

Meanwhile, Republicans have started warning that the measure will hurt the U.S. economy with higher taxes as fears of a recession are growing. Steve Miran, who served as a senior official in the Treasury Department under Trump and is the co-founder of the investment fund Amberwave Partners, said the plan's tax provisions would exacerbate inflation by leading to a decline in supply. "The current policy mix has already messed up the supply side, and hiking taxes will push further in the wrong direction," Miran said. "In a world where demand outstrips supply and causes inflation, I don't think attacking supply even further is the solution you're looking for."

But Democrats from Biden on down argued that the deal was a big step forward.

"If it sticks, this will be a huge policy win for the White House and the country, addressing both the president's number-one short-run issue of inflation and the number-one long-run issue: climate change," said Jason Furman, who served as a senior economist in the Obama administration.

Here is a summary of what's in the more than 700-page bill


$260 billion in clean-energy tax credits

New and extended credits will incentivize solar, wind and hydroelectric power and other sources of renewable energy. Private companies and publicly owned utilities could get tax subsidies for the production of renewable energy and for manufacturing a specific part essential to a renewable project, such as wind turbines or solar panels. The goal is to make new green energy production cheaper for utilities to build than fossil fuel plants are.



$80 billion in new rebates for electric vehicles, green energy at home and more

Buyers of new electric vehicles would get a $7,500 tax credit taken off the price as a rebate. That would also apply to vehicles whose manufacturers are no longer eligible for an existing EV credit, such as Tesla and General Motors. Couples who earn less than $300,000 a year or individuals who earn less than $150,000 would be eligible. A new $4,000 tax credit would also apply to purchases of used EVs. Tens of millions of people would qualify for these credits. Other consumer rebates would subsidize the installation of more-efficient heat pumps, solar panels and more.

If consumers claim the subsidies in the bill, they could save as much as $1,840 on their annual energy bill on average, according to an analysis by Rewiring America, a climate analysis group. (That would also require spending significantly to buy things such as an EV, a heat pump and solar panels.) That's also the case for the latest agreement between Schumer and Manchin, said Leah Stokes, a climate expert at the University of California at Santa Barbara.



$1.5 billion in rewards for cutting methane emissions

The new Methane Emissions Reduction Program would reward oil and gas companies that slash their emissions of methane and penalize those that don't. The program, crafted by Senate Environment and Public Works Committee Chair Thomas Carper, D-Del., originally would have provided $775 million up front to oil and gas companies to cut their methane emissions. The current agreement doubles that money to $1.5 billion, according to a Senate Democratic aide. Methane traps far more heat in the atmosphere than carbon dioxide, the most abundant greenhouse gas.



$27 billion 'green bank'

The Clean Energy and Sustainability Accelerator, commonly referred to as a green bank, would leverage public and private funds to invest in clean-energy technologies and infrastructure. In states where green banks have already been established, public money has been used to leverage six to 20 times more dollars in private investment in clean energy.



Support for fossil fuel projects

To secure Manchin's vote, Democratic leadership pledged to mandate new oil and gas leasing in the Gulf of Mexico and off the coast of Alaska, where industry groups are pushing for a major expansion in oil production. Manchin views drilling in those areas as important for the country's domestic energy independence.

Manchin also said in a statement that Biden, Schumer and House Speaker Nancy Pelosi, D-Calif., had "committed to advancing" a permitting bill that would make it easier for developers to override environmental objections when building pipelines, natural gas export facilities and other energy infrastructure. This falls outside the rules of the Senate procedure the party is using to pass the economic package, meaning Democratic leadership will have to try to secure GOP support for the permitting changes.



Agriculture, steel, ports and more

The bill contains numerous smaller measures aimed at specific parts of the economy with high emissions: $20 billion for agriculture subsidies to help farmers reduce emissions, $6 billion to reduce emissions in chemical, steel and cement plants, and $3 billion to reduce air pollution at ports.



$313 billion from a 15% corporate minimum tax

The single biggest tax hike in the plan would apply to all U.S. corporations that earn more than $1 billion per year in profits. Under current law, U.S. corporations ostensibly pay a 21% tax rate. But dozens of Fortune 500 companies pay no federal income tax at all by claiming deductions for research

The plan would close off that option by subjecting large corporations to a tax on their financial statements. Corporations would still be able to claim tax credits, though, since renewable-energy groups raised concerns the minimum tax could undercut the effectiveness of the climate tax credits.



$124 billion from major enforcement increases at the IRS

The IRS would scale up dramatically in an attempt to close the "tax gap" - the difference between what people and corporations owe and what they actually pay. Democrats say that their plan to invest $80 billion in the IRS would more than pay for itself, in part because the tax agency's budget was cut by 20% between 2010 and 2020. Former IRS commissioner Charles Rossotti and current Treasury Department official Natasha Sarin previously estimated the IRS could raise $1.4 trillion in additional tax revenue with more funding.

While Democrats are celebrating the measure, Republicans say it represents a political vulnerability for the administration if more Americans face audits or other scrutiny from the tax collector. It remains to be seen whether all the new revenue Democrats hope to raise will come from wealthy tax cheats, as they have pledged.



Changing special tax treatment for private equity

The bill would also change what tax experts have characterized as a loophole primarily benefiting the private-equity industry. Under current law, investors can qualify for a lower tax rate on the accrued value of their stock holdings if they hold those assets for at least three years. The provision would extend that period of time to five years, making it harder for investors to claim a tax rate lower than the ordinary rate paid by most taxpayers on wage income. Private-equity firms benefit from the lower rates because currently much of their compensation is treated as a capital gain, not as income.

The proposal would also tighten the rules to prevent investors from gaming this holding period.



Lowering prescription drug prices

The deal allows Medicare to negotiate drug prices for the first time and would prevent future administrations from refusing to do so. It's a major win for Democrats, who have long pledged to lower the cost of medicines, particularly for seniors. The government would start by negotiating the price of 10 drugs and gradually scale up to 20 by 2029.

But it isn't clear how many Americans with Medicare coverage would see lower out-of-pocket costs - or how much money they could save. That depends on which drugs wind up being negotiated and how much prices drop, according to the Kaiser Family Foundation.

The bill also includes other policies aimed at curbing the sky-high cost of drugs. For instance, it caps seniors' drug costs under Medicare to $2,000 per year, forces drug companies to pay a rebate if they increase prices faster than the rate of inflation and provides free vaccines for seniors. The drug-pricing components are a key money saver - congressional scorekeepers estimate these policies would reduce the deficit by nearly $288 billion over a decade.



Extending health insurance subsidies

Last year, Democrats' pandemic aid law boosted financial help for low-income Americans with plans on the Affordable Care Act's insurance exchanges and extended the subsidies to middle-income earners for the first time. But the enhanced tax credits are set to expire at the end of this year, raising the specter of roughly 13 million Americans learning that their health premiums would soon increase - in some cases by hundreds of dollars per person annually - just weeks before the election.

The deal would extend the tax credits for three more years, through 2025. Lawmakers had been haggling over the timeline, hoping to ensure as long an extension as possible. Earlier this month, it appeared that Manchin favored a two-year extension, but allowing the financial help to continue through 2025 helps Democrats avoid another funding cliff before the 2024 presidential election.

Here's what's missing from the bill

What's missing?

- Climate

Democrats had already abandoned a pivotal program last year that would have punished electric utilities that didn't deploy more clean energy: the Clean Electricity Performance Program, which would have accounted for nearly 42% of the original bill's emissions cuts, according to a chart released by Schumer's office last year. But it fell out early amid opposition from Manchin, who said it would accelerate the country's energy transition too quickly and leave it more dependent on foreign governments.

- Taxes

Most of Democrats' earlier proposed tax measures have been dumped. Biden initially proposed more than $3 trillion in new tax hikes on the rich and corporations, and even those proposals were smaller versions of the multitrillion-dollar "wealth tax" plans pushed by Sens. Bernie Sanders, I-Vt., and Elizabeth Warren, D-Mass., during the 2020 presidential campaign. Higher taxes on wealthy investors and heirs, also proposed by Biden, are out as well.

The legislation also excludes relief from a cap on how much state and local taxes Americans can deduct off their federal taxes, which has been a top priority for some Democrats in high-tax states. Sen. Robert Menendez, D-N.J., told Axios on Wednesday that the matter "should be addressed" in a final bill.

- Health care

Democrats will have to come to terms with the failure of their ambitions to expand health care to two other groups - millions of poor Americans in Republican-controlled states and senior citizens.

President Barack Obama's Affordable Care Act required states to expand Medicaid to those earning up to 133% of the federal poverty level. But the Supreme Court made such a move optional, and many GOP-run states refused.

Advocates had hoped to ensure the plan extended Medicaid to cover these groups, which would have expanded coverage to roughly 2.2 million people, many of whom live in the South. It was a huge priority for several vulnerable Democrats, such as Sen. Raphael Warnock of Georgia.

Last summer, more-liberal Democrats were also pushing for a major expansion of Medicare - allowing the program to cover vision, dental and hearing services. But that's been out of talks since the fall.

The deal also cut some of Biden's priorities, such as infusing hundreds of billions into home care for the elderly and those with disabilities.

And it doesn't include provisions that could help provide health insurance for new mothers who earn low incomes, or some of the nation's most vulnerable children. Earlier versions would have permanently funded coverage for low-income children and expanded Medicaid to provide benefits for a year after giving birth in every state.

dajo9 said:

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The bill raises taxes on the wealthy with a minimum corporate tax and stronger IRS enforcement.

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How are taxes raised on the wealthy . . . from a minimum 15% tax on adjusted financial statement income of corporations sporting "book income" of $1 Billion and larger?

concordtom said:

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News broke a couple days ago that Manchin had flipped back to Dem territory. Previously opposed to Biden's "Build Back Better", he apparently realizes the turmoil is going to cause Dems to lose in midterms, and so quietly flipped after R's voted for the Domestic semiconductor bill.

The resulting agreement is that D's should now have their 50+Kamala in the senate to pass a Reconciliation budget bill (which requires only 50+, not 60 as for other types of legislation).

---

Ummmm..... you forgot that Krysten Sinema now has the lynchpin vote on this Bill.

Although she is supportive of many facets of the Bill, she has not come out and announced whether she'll vote for it. In the past, she's opposed doing away with the carried interest tax loophole. She has received a lot of contributions from people in the private equity industry.

The carried interest language was left out of a House-passed tax and climate Bill last year, trying to avoid provoking a "no" vote from Sinema.

Sinema did not attend a Special Democratic Caucus Meeting yesterday where Schumer explained the deal.

concordtom said:

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Update on my 2022 Kia Niro Battery Size:

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I was just looking at these yesterday.

DiabloWags said:

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concordtom said:

---

News broke a couple days ago that Manchin had flipped back to Dem territory. Previously opposed to Biden's "Build Back Better", he apparently realizes the turmoil is going to cause Dems to lose in midterms, and so quietly flipped after R's voted for the Domestic semiconductor bill.

The resulting agreement is that D's should now have their 50+Kamala in the senate to pass a Reconciliation budget bill (which requires only 50+, not 60 as for other types of legislation).

---

Ummmm..... you forgot that Krysten Sinema now has the lynchpin vote on this Bill.

Although she is supportive of many facets of the Bill, she has not come out and announced whether she'll vote for it. In the past, she's opposed doing away with the carried interest tax loophole. She has received a lot of contributions from people in the private equity industry.

The carried interest language was left out of a House-passed tax and climate Bill last year, trying to avoid provoking a "no" vote from Sinema.

Sinema did not attend a Special Democratic Caucus Meeting yesterday where Schumer explained the deal.

---

She was definitely on my mind.
I trust this time the Party has their votes lined up.
If not, it's a disaster, and a great way for her to elevate her name recognition. As they say, all news is good news.

GoOskie said:

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concordtom said:

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Update on my 2022 Kia Niro Battery Size:

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I was just looking at these yesterday.

---

I'm frugal, and do have always bought used cars. But my wife wanted it.
So, my experience based perspective on what new cars offer is very weak.

I love it.

I was worried about it being the gutless winder that my 82 Jetta diesel was. But this gets up to speed just fine.

I have tended to be a speedy driver, but I can't take my eyes off the dash which tells me my mpg. I flip thru the different mpg calculations on screen as I drive, and it makes me drive slower.

My brother, the insane one, looks at his dash, too. He drove until last year a Charger Hemi. He tries to see how fast he can get his burst to go. It records top speed. It's insane, I hate driving with him. I admit, it's crazy addictive. The power. The roar. Blow anyone away in a nano second.

But he got too many tickets and simply realized he'd kill himself. So he sold it, thank god.

So, my car based addiction, totally opposite. Rather than the car pushing the driver to go faster, the niro pushes me to go slower. To get a better mpg #.

That's cheaper, better for the planet, and safer - except if I'm watching the dash adjust mpg according to my foot, my eyes are not on the road.

My concern about full EV or Plug-in model is that the battery will need to be replaced, supposedly, at some point. 10 years?

I didn't want to deal with that expense. I mean, at some point, once a battery is dead, the car becomes worthless because replacement costs so much. I figured the smaller battery would be cheaper to replacer.
I should add, the Kia warranty is tops. 10 years, 100k miles.

Battery tech has lots of room for improvement, methinks.

Another point, catalytic converters on Prius get stolen all the time. This car may be same. You'll want to consider where you park, where you live.

"Hey, if we call this inflationary bill the Inflation Reduction Act, nobody will notice that it's inflationary!" pic.twitter.com/VrcQBjNZwA

— Ben Shapiro (@benshapiro) July 28, 2022

People who rely on Ben Shapiro for information and opinions on anything are morons and likely as racist as ol' Ben.

Don't be a racist moron.

For the next decade, every spending bill will be labeled by the GOP as inflationary, except of course military spending, farm subsidies, border "security" and all corporate welfare.

Better get used to disingenuous, bad faith arguments.

concordtom said:

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In a surprise victory for the solar and clean technology industries, Senator Joe Manchin and Democrats reached an agreement on a reconciliation bill, dubbed the Inflation Reduction Act of 2022. The bill includes $370 billion in spending for renewable energy and climate measures.

---

According to Yahoo, and Politico, Bill Gates, Larry Sommers and others were responsible for changing Manchin's mind about voting for the bill.

Leave it to a couple of people linked with Jeffrey Epstein to decide what's best for the country.

https://www.yahoo.com/video/bill-gates-among-wide-range-164610116.html

BearForce2 said:

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Leave it to a couple of people linked with Jeffrey Epstein to decide what's best for the country.

---

If Trump was on Epstein's special list, someone would have made it public by now. But they are hiding it to protect their own pedophiles.

BearForce2 said:

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concordtom said:

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In a surprise victory for the solar and clean technology industries, Senator Joe Manchin and Democrats reached an agreement on a reconciliation bill, dubbed the Inflation Reduction Act of 2022. The bill includes $370 billion in spending for renewable energy and climate measures.

---

According to Yahoo, and Politico, Bill Gates, Larry Sommers and others were responsible for changing Manchin's mind about voting for the bill.

Leave it to a couple of people linked with Jeffrey Epstein to decide what's best for the country.

https://www.yahoo.com/video/bill-gates-among-wide-range-164610116.html

---

Pfft! What a setup!

Leave it to Trump to try and break Democracy in America.

Thank you. Too easy. Put that in your pipe and smoke it.

concordtom said:

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BearForce2 said:

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concordtom said:

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In a surprise victory for the solar and clean technology industries, Senator Joe Manchin and Democrats reached an agreement on a reconciliation bill, dubbed the Inflation Reduction Act of 2022. The bill includes $370 billion in spending for renewable energy and climate measures.

---

According to Yahoo, and Politico, Bill Gates, Larry Sommers and others were responsible for changing Manchin's mind about voting for the bill.

Leave it to a couple of people linked with Jeffrey Epstein to decide what's best for the country.

https://www.yahoo.com/video/bill-gates-among-wide-range-164610116.html

---

Pfft! What a setup!

Leave it to Trump to try and break Democracy in America.

Thank you. Too easy. Put that in your pipe and smoke it.

---

I do appreciate that BF2 has started labeling the upper left corner of his posts with FRAUD.

Eastern Oregon Bear said:

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I do appreciate that BF2 has started labeling the upper left corner of his posts with FRAUD.

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Self awareness. Finally!

Barack Obama, during the 2008 recession: “In an economy like this, the last thing we should do is raise taxes on the middle class."

Watch Joe Biden clap in agreement: pic.twitter.com/FtyZGGWg6L

— RNC Research (@RNCResearch) August 3, 2022

"I GIVE YOU MY WORD AS A BIDEN": Joe Biden repeatedly promised middle-class Americans would not "pay a penny more in taxes" under his administration.

He lied. pic.twitter.com/HOGEHNDeNS

— RNC Research (@RNCResearch) August 3, 2022

Karine Jean-Pierre says with a straight face that no one making under $400,000 will be audited by one of the new 87,000 IRS agents hired by the Manchin-Schumer bill.

99% of Americans make less than $400,000. pic.twitter.com/XpU5nm5m1D

— John Cooper (@thejcoop) August 9, 2022

Is the plan is to hire 87,000 IRS agents to audit the top 1%?

Too bad the GOP killed the insulin price limits for private healthcare.

Someone give this person an Op-Ed column pic.twitter.com/anilscvlKi

— Ester Bloom (@shorterstory) August 11, 2022

BearForce2 said:

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Karine Jean-Pierre says with a straight face that no one making under $400,000 will be audited by one of the new 87,000 IRS agents hired by the Manchin-Schumer bill.

99% of Americans make less than $400,000. pic.twitter.com/XpU5nm5m1D

— John Cooper (@thejcoop) August 9, 2022

Is the plan is to hire 87,000 IRS agents to audit the top 1%?

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I would guess top 10% since they pay most of the taxes. And by top 10%, I mean by actual income and not what is reported. No one is coming after the extra $20 that some on the far right may owe.

I like the bill, but what the hell does it have to do with reducing inflation? Who names these bills, leaders in the House or Senate (whoever sponsored the bill)? I guess they thought they'd just pick the problem that Americans most want solved right now and title the bill with that? Hey, whatever, but it's insulting. Also depressing to think that 90% of Americans won't understand or won't care.

Big C said:

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Hey, whatever, but it's insulting. Also depressing to think that 90% of Americans won't understand or won't care.

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Most American's couldnt care less about the January 6th Committee Hearings and the majority of Republicans still think that the 2020 election was "stolen".

Welcome to DUMBERICA!

DiabloWags said:

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Welcome to DUMBERICA!

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House Democrats just passed a bill to make the IRS bigger than the Pentagon, the Department of State, the FBI, and the Border Patrol COMBINED.

— RNC Research (@RNCResearch) August 12, 2022