Meanwhile, while Trump is sucking all the oxygen out of the room:

https://www.americanprogress.org/article/top-11-benefits-of-the-inflation-reduction-act/

After more than one year of negotiations in Congress, the recently
passed Inflation Reduction Act includes historic, overwhelmingly popular
investments and savings for older adults, families, and the planet. By
taking on the most powerful special interests in Washington—Big Pharma,
Big Oil, and Wall Street—the legislation delivers lower energy and
health care costs, fights inflation, reduces the deficit, and
jump-starts a new affordable clean energy economy.

This fact sheet outlines 11 important ways that Americans will benefit:

Allows Medicare to negotiate lower drug prices: The Inflation
Reduction Act empowers Medicare to negotiate with drug companies so that
they can no longer take advantage of Americans, who currently pay two to
three times more for the same drugs than people in other wealthy
countries in the Organization for Economic Cooperation and Development
(OECD). Allowing the federal government to negotiate drug prices with
pharmaceutical companies has been prohibited for nearly 20 years.
Caps out-of-pocket prescription drug costs for older adults:
Medicare beneficiaries receive better financial protection by capping
out-of-pocket costs for prescription drugs at $2,000 annually. The cap
would save roughly 1 million seniors about $1,000 each year. The
Inflation Reduction Act also guarantees that Medicare beneficiaries—more
than one-quarter of whom have diabetes—pay no more than $35 per month
out of pocket for insulin, a life-sustaining medication.
Prevents higher health care costs: Health coverage will be more
affordable for 13 million people because the Inflation Reduction Act
extends enhanced Affordable Care Act (ACA) marketplace subsidies through
2025. The average enrollee will save about $800 per year on premiums.
Thanks to the ACA, the uninsured rate is at a record low, and the
subsidy extension will prevent 3 million people from becoming uninsured.
Cracks down on Big Pharma’s greed: The Inflation Reduction Act
prevents drug companies from hiking Medicare prices above the rate of
inflation. The proposal requires drug companies to rebate back the
difference if they raise prices higher than inflation.
Cuts carbon pollution dramatically: With this bill, emissions in
2030 are projected to be 40 percent below peak levels, putting the
country’s climate goal of cutting pollution to half of peak levels by
the end of the decade within reach.
Lowers energy costs: Fossil fuels are driving inflation, but the
bill helps families switch to cheaper electricity for home heating,
cooking, and vehicles—helping Americans cut their utility bills and skip
the gas station. The average household will save $500 per year, and even
households that don’t make the switch will see lower electricity and
natural gas prices. Total spending on oil could go down by nearly 25
percent over the decade. The bill also would provide middle- and
working-class consumers with tax credits for the purchase of clean
vehicles that are made in North America.
Creates American jobs: The Inflation Reduction Act builds a new
clean energy manufacturing economy by investing in refurbishing old
factories; building new factories; requiring high wages; and mandating
apprenticeship training for companies using clean energy tax credits.
The bill will spur domestic production of batteries, solar panels, wind
turbines, and more, setting the United States up to compete in the
global clean energy economy and creating millions of clean energy jobs.
Invests in communities that suffer the most from environmental and
health hazards: Communities who have experienced dangerous long-standing
environmental and health threats will have access to $3 billion in
Environmental and Climate Justice Block Grants to cut pollution and
improve public health. In all, the bill will fund $60 billion worth of
environmental justice priorities.
Cracks down on wealthy tax cheats: The lack of adequate enforcement
funding led to a massive drop in the rate of audited U.S. households
earning $5 million or more per year, plummeting to just 2 percent in
2019 from a rate of more than 16 percent in 2010. New funding in this
bill will help enforce the tax code more fairly.
Helps build a fairer tax code: The bill addresses the problem of
corporate tax avoidance with a 15 percent minimum tax for many
corporations that have at least $1 billion in profits annually. It also
includes a 1 percent tax on corporations that transfer their revenue to
wealthy shareholders in lieu of investing in their business or employees.
Fights inflation and drives down the deficit: The Inflation
Reduction Act decreases demand through fairer taxes; increases supply
through investments in manufacturing and clean energy; and cuts costs
for energy, health care, and prescription drugs. Unlike the $1.9
trillion 2017 Republican tax bill, the plan is fully paid for and will
dramatically decrease the deficit.

The Inflation Reduction Act creates jobs, cuts deficits, builds a fairer
tax code, and reduces pollution while directly lowering energy and
health care costs. The bill’s passage is a win for everyday Americans
and a defeating loss for the corporate special interests, such as the
pharmaceutical industry, that spent hundreds of millions of dollars
lobbying against its reforms in the past year.

Put simply, right wing people look absolutely awful right now.

trotsky <gmsingh@email.com> wrote:
> Meanwhile, while Trump is sucking all the oxygen out of the room:
>
> https://www.americanprogress.org/article/top-11-benefits-of-the-inflation-reduction-act/
>
> After more than one year of negotiations in Congress, the recently
> passed Inflation Reduction Act includes historic, overwhelmingly popular
> investments and savings for older adults, families, and the planet. By
> taking on the most powerful special interests in Washington—Big Pharma,
> Big Oil, and Wall Street—the legislation delivers lower energy and
> health care costs, fights inflation, reduces the deficit, and
> jump-starts a new affordable clean energy economy.
>
> This fact sheet outlines 11 important ways that Americans will benefit:

Inflation Reduction Act May Have Little Impact on Inflation

https://thehill.com/homenews/ap/ap-business/inflation-reduction-act-may-have-little-impact-on-inflation/

Sounds about right. The government's going on another bloated spending
spree with money it doesn't actually have and the one problem it's supposed
to solve remains unaddressed.

Why these clowns think injecting several hundred billion more dollars into
the economy during an inflationary period will counter inflation is god's
own private mystery. It's like waking up to your house on fire and deciding
the best way to address the problem is to spray gasoline on it.

TROLL-O-METER
5* 6* *7
4* *8
3* *9
2* *10
1* | *stuporous
0* -*- *catatonic
* |\ *comatose
* \ *clinical death
* \ *biological death
* _\/ *demonic apparition
* * *damned for all eternity

On 8/13/2022 11:02 PM, BTR1701 wrote:
> trotsky <gmsingh@email.com> wrote:
>> Meanwhile, while Trump is sucking all the oxygen out of the room:
>>
>> https://www.americanprogress.org/article/top-11-benefits-of-the-inflation-reduction-act/
>>
>> After more than one year of negotiations in Congress, the recently
>> passed Inflation Reduction Act includes historic, overwhelmingly popular
>> investments and savings for older adults, families, and the planet. By
>> taking on the most powerful special interests in Washington—Big Pharma,
>> Big Oil, and Wall Street—the legislation delivers lower energy and
>> health care costs, fights inflation, reduces the deficit, and
>> jump-starts a new affordable clean energy economy.
>>
>> This fact sheet outlines 11 important ways that Americans will benefit:
>
>
> Inflation Reduction Act May Have Little Impact on Inflation

It's got 11 major points which I've already posted about. I understand,
of course, that because you're a fucking moron and a eunuch you will be
unable to address this though. I do find it funny and sad though that
the right wing horseshit you espouse has made you so fucking stupid that
you are unable to comprehend anything more than the title of a major
piece of legislation. Let's compare this to major legislation under Trump:

Tax cuts for the wealthy.

Yep, pure horseshit.

On 8/14/2022 12:36 AM, RichA wrote:
> Socialism. Instead of dealing with the core causes of inflation, they band-aid it by giving people money in some round about fashion. Why not just CUT INCOME TAX as much as inflation
> and DO AWAY with the billions WASTED on the bureaucracy of administrating yet another government-heavy Dem program???

A) Horseshit.

B) Hey, at least you were able to respond to the post. Eunuch Derp was
only able to respond to the title of the Act. However, both of you are
too much of eunuchs to actually respond to the 11 components
individually making your reponse a pile o' shit as usual. Any questions?