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Biden signs Inflation Reduction Act into law
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2022-09-14 at 2:27 AM UTCCreation of a 15% corporate minimum tax rate
Medicare recipients will have a $2,000 cap on annual out-of-pocket prescription drug costs
Affordable Care Act extended to 2025
15% minimum corporate tax rate
Green energy tax credits
Lowers US deficit by 100 billion
Thanks Joe Biden!
Not signed by a single Republican! -
2022-09-14 at 2:39 AM UTChow is that supposed to help inflation?
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2022-09-14 at 3:01 AM UTC
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2022-09-14 at 3:11 AM UTCreducing the deficit by 100 billion is kind of a moot point when you've simultaneously signed off on sending 3.3 trillion to israel and almost 500 billion to the Ukraine.
as for the rest, treating the symptoms rather than the illness is palliative care -
2022-09-14 at 3:17 AM UTC
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2022-09-14 at 3:31 AM UTCOP is not brainwashed. They just removed two scoops and closed the lid.
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2022-09-14 at 3:31 AM UTC
Originally posted by aldra reducing the deficit by 100 billion is kind of a moot point when you've simultaneously signed off on sending 3.3 trillion to israel and almost 500 billion to the Ukraine.
as for the rest, treating the symptoms rather than the illness is palliative care
Read my post.
I said it LOWERS the deficit by 100 billion. Not that it REDUCES by 100 billion.
That number is from the Congressional Budget Office which consists of a joint committee
As for the meat of it, yeah, it just treats the symptoms. But it's a lot better than anything Trump ever did. Extending ACA subsidies has a real effect for me. Biden just signed a bill that ensures I can keep my insurance. I know people who have forgone medication because it costed too much (500+/mo for a fucking pill) but now they would be able to afford it. That 35/mo cap on insulin for seniors is pretty huge too. This is the only forward progress we've had on healthcare reform since 2008 when the ACA was passed.
Green energy tax credits are cool too if you're not a conspiracy theorist climate change denier.
15% minimum corporate tax rate is bullshit easy to get around, not gonna do anything. Still waiting on Biden to TAX THE RICH.
I could care less about the deficit or inflation really. There's little that can be done at this point. -
2022-09-14 at 3:45 AM UTC
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2022-09-14 at 3:56 AM UTC
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2022-09-14 at 5:07 AM UTCThe economy better watch it, it's on thin ice. If it inflates more than the regulated amount they will have to pay a big fine
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2022-09-14 at 1:14 PM UTC
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2022-09-14 at 1:30 PM UTC
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2022-09-14 at 1:43 PM UTC
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2022-09-14 at 1:48 PM UTC
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2022-09-14 at 1:48 PM UTC
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2022-09-14 at 1:57 PM UTC
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2022-09-14 at 2:09 PM UTC
Originally posted by Steven That 35/mo cap on insulin for seniors is pretty huge too.
let the fat old fuckers croak. they consume too much, removing their demand from the market would lead to an excess supply, and therefore lower prices. transport costs for fatties is also disproportionately high, so there'd be a green angle to this policy too.
banning insulin for seniors would be the most effective move, but making it less affordable would be a palatable compromise. -
2022-09-14 at 2:28 PM UTC
Originally posted by Steven 15% minimum corporate tax rate
Green energy tax credits
the left hand gives and the right hand takes.
the corporations that are getting 15% tax (the few that still have their tax base in the US and do not receive waivers) will also be the ones that get tax credited for their ESGs.
