Senate Democrats have agreed on a deal they say would lower drug costs, reduce carbon emissions and chip away at the federal deficit.
RELATED: Federal Reserve raises interest rate 0.75% to help with rising inflation
The measure is also projected to cut the deficit by approximately $300 billion over the next decade, in part by ramping up IRS enforcement and closing certain tax loopholes.
The senators project the proposal will raise $739 billion in revenue over 10 years, with nearly half coming from a 15% corporate minimum tax. The measure is meant to close a loophole that has allowed large companies from avoiding paying income tax.
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#Politics #Inflation #News
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If you want to know the truth, believe the direct opposite of whatever the government tells you through the media. Everything is a lie.
YOU POLITICIANS SHOULD EMBRACE SO CALLED GLOBAL WARMING ! IT IS EVEN HOTTER WHERE YOU ALL GO IN THE NEXT LIFE.
When r they going to stop spending our Tax money. Lossers
Rigged elections have consequences
Um, we're in a recession. Don't believe your ears, understand the facts and look around you… WAKE UP!
$739 billion in taxes, spend $369 billion on ‘climate initiatives’ This is sure to cure inflation and cost us nothing. This is past the point of insanity.
The government wants to go into business for themselves. There is a word for that. Communism.
The whites racist think prices are higher than ever. No true. Like DURING slavery. THEY NEVER PAID WHAT EVERYBODY ELSE WAS PAYING! They couldn’t tell you the price of milk or a loaf of bread
Recession, say it loud Democrats, you did this
Biden's agenda caused this…..he has been on the wrong side of every decision for over 50 years….the only thing he has successfully done, is make bad decisions….
Let's go Brandon, Barry and Company!
This is history in the making. Our kids will remember Biden as the President who transformed the country from energy using to energy producing
30 billion to Ukraine sure helped with the US inflation 🤦🏾♂️
So why are d being Biden going to speak on recession? His administration created it. He is going to get another sun burn for NOTHING. He will just complain and this time he can't blame it on covid. He will blame the recession on everyone else except himself and the Democrats who caused all this crazy insanity! They are spending right and left like we have money. And I knew, I know Joe Manchuin, fies this all the time. Says he won't, he won't, he won't, and he will cave. Such dishonesty. Guess you are ready to retire, Mr Joe Manchuin, you will not be re elected and you will no LONGER have a job. You will be in the unemployment line and food line. But if course you already have millions in your bank account. All you Democrats could buy an electric car to every American with the billions you have in the bank and rip off of the American PEOPLE.
brandon needs the "drugs" to keep him and jill focused and in line…both are daffy!!
“Help”
How is reducing carbon emissions going to reduce inflation? Democrats can’t go 10 seconds without putting some BS in the fine print when the American people need them to act efficiently and effectively
……And these Democrats think it was a bad thing that Trump made our way of life great again….
Hold you’re britches. We are in for a ride.
By 2030 huh…UN much?
Never vote Democrat again!!!
They are mobsters!
Not only do congress get rich insider trading and pay offs from lobbyists and stealing money from the people they also sell us out to other countries ! We the people deserve better than that from our government that they themselves to an oath to us the people . We need term limits and no more pension pay outs to the rogue congressmen and women alike the ones we have now . We the people deserve better .
THIS WILL MAKE INFLATION SKYROCKET 😱
LMAO!!!! YEs it is a recession, Biden screwed up the Economy, no Putin, no Trump, all PEDOPETE!
Don’t kid yourself, the better it sounds , the more deceitful it’s going to be .
Remember. It’s the Clinton O’Biden administration .
Crack prices have skyrocketed out of control these days, I'm not sure who is to blame but as a official crackhead I am going to start voting Republican from now on
Joe was worn down I feel sorry for him he stood his ground long as he could I was rooting for you Joe manchin you gave in this country it’s going down so fast
ABOLISH THE FEDERAL RESERVE
You cannot reduce inflation through government spending. The only exception to this rule that I can think of is spending money to terminate people who either waste government money (e.g. Congress members) or people who live off government assistance. Of course, both of those result in net reductions in government spending so they aren't really exceptions to the rule.
Bernie 2024, or whoever he endorses!! universal healthcare for all!!!
EVERYONE SHOULD ALREADY KNOW THAT ALL OF THOSE TOTALLY CORRUPT FELONIOUS CRIMINAL TRAITOR POLITICIANS ARE GOING TO BE EXECUTED FOR TREASON AGAINST AMERICA AT MILITARY PRISONS AND THE EQUALLY CORRUPT DEPARTMENT OF JUSTICE WILL NOT BE ABLE TO SAVE THEM THIS TIME!!!!!!
EVERYONE SHOULD ALSO KNOW THAT WASHINGTON DC IS TOTALLY BANKRUPT AND THE FEDERAL RESERVE BANK AND THE IRS HAS BEEN TOTALLY SHUT DOWN AND EVERYONE IN AMERICA SHOULD HAVE ALREADY STOPPED PAYING ANYTHING TO THE IRS!!!!!
Sorry lefties you said Healthcare is between you and your doctor, so pay your own bill.
That’s what drug addicts do. They steal the remote then help you find it.
I’ve known them.
This admin creates all the problems then tells you how they’ll fix them.
While it sounds good, nothing the government does rarely turns out in favor of the American people. Congress should have done a lot more domestic energy production way back in 2020 who Joe Biden magic penned it out. There’s no reason we couldn’t be producing our gas, coal, wind, sun energy. They wait until months before the midterms to look like they wanna do something? Such a joke to get vote with a fake promise that they care because they are acting now. No, they are doing it votes. Don’t be fooled if it stays this way for another 2 years everything will keep going up and inflation will destroy us.
It’s going to raise taxes on everyone. Inflation is a tax on everyone. This less than 400k rhetoric is delusional.
Another Government boondoggle, global warming is BS, look at the country’s it is collapsing. WE ARE NEXT!!! Spend us in to destruction Biden !!!!!!
If we joined the rest of the world and used 220 volts for home electricity instead of 110 volts we would cut energy use by 20%. We are still using 110 volts because Thomas Edison liked electrocuting puppies and elephants.
🔺🔺 join the great Illuminati brotherhood were you can become rich, famous, powerful and successful in life.if you are interested in joining talk with Agent Illuminati on YouTube🔺🔺🔺
Why’s everyone saying that they would be spending more money? Is it listed how much the investment into domestic energy is? If it’s lest than 30 billion per year then wouldn’t we be spending LESS money.
RECESSION… there, I fixed the title for you. Time for the left to change some more word definitions today… democracy, baby, man, woman, vaccine… they changed all those already… in 2020 they even got Webster to remove "immunity" from the official definition of vaccine as it stood for decades in any old dictionary. Go look. On the chopping block today… "recession"… But, if they were smart, they'd start working on changing the definition of "depression" in prep for what's coming next. 😉 Go Joe Biden! Orange man's mean tweets are gone! Yeay!
Hey, I know lib kids, let's pass another trillion dollar spending bill!!! Spending tons of money we don't have on fake green nonsense will help inflation and a recession right??? Let's "tax the rich" make those evil corporations "pay their fair share" right? Nevermind that corporations have teams of smart people who prep for this, and are in the business of generating PROFITS… so every tax increase you impose upon them, will only lead to people being fired and them raising prices on everything you buy. But hey, it SOUNDS good to "tax evil corporations" right? So in the face of a recession, and 50 year record high inflation, how can we make this worse??? Let's spend another trillion, get corporations to fire thousands of people, raise the cost of all the goods people have to buy, and then name the bill the COMPLETE OPPOSITE of what it will do… how about, the "Inflation reduction act". I mean, how dumb can you people be? And by people, I mean those who vote blue. The people at the top know exactly what they're doing… destroying America is BY DESIGN. Notice how Clintons, Schumer, Obamas, Joe, Hunter, Pelosis, etc… are all getting MUCH WEALTHIER during these dark times in which the middle class is simultaneously headed into financial ruin, and America is being flushed down the toilet? All by design… they love it! They are ALL much MUCH wealthier since when Joe 1st took office. So vote blue, it's been working great so far! …
Joey actually said he wants the American people to buy new energy efficent appliances with the money he is going to print.
#1 – There arent any appliances to buy
#2 – With the free Biden bucks people are going to feed themselves.
#3 – More free stuff equals more inflation.
81 million congradulations it took your hero 18 Months to cause an offical RECESSION
Recession: Two consecutive quarters of decline in a country's Gross Domestic Product
Who pays…..YOU DO!
Biden’s reckless spending, recession, attack on our energy sector, and surrender of our southern border.
Inflation and fuel at a 40 year high. Never underestimate Biden’s ability to F things up!!!