Most Americans want what’s in the Inflation Reduction Act. GOP politicians just don’t care

Why do you wish to exempt mega-corporations from taxes?

Poll: Most Americans support measures in Inflation Reduction Act​

 

to many on the right, a win for Americans is a win for Biden, so they are against it

 

Why would anyone think it is fair to give mega-corporations a free ride?

 

Yes, the old school approach of if it is not working just double it. The only purpose the tariffs have serve is to increase tax revenues and increase prices for the consumer as well as cause a loss in jobs.

Also you keep talking about critical materials, the majority of the tariffs are on consumer goods. The 25% electronics tariffs impacted everything for consumer gadgets, computers, phones, car electronics, essentially everything that uses Chinese produced boards. Trump delayed the second round of tariffs until after Christmas because he knew it would impact the prices of toys and other Christmas gifts.

Instead of tariffs on these items that only serve to tax the consumer why not subsidize American companies that go into business mining and refining rare earth metals. Those are used in almost all of our military equipment, which China is the world's number 1 exporter.

Instead of tariffs on solar panels from China why not give tax breaks to US companies developing solar panels and technology.

You say you want independence from China but all you really seem to want is slightly higher prices for the consumer. The increased tax revenue shows us it is not working the consumer is simply paying more. China is a real concern but it will take some real strategy to solve it. Not some old school "let put a tax on it and then ignore it" strategy.

 

Poor guy is trying to pass Reagans line as his own.

But lets take a peek. Are we better off than 2 years ago?

Unemployment in Aug 2020 = 10.2%.
Unemployment Today = 3.5%

Riots in Aug 2020 = Too many to count
Riots Today = Zero

DOW in Aug 2020 = 26 000
DOW Today = 33 800 and rising fast

Covid deaths Aug 2020 = MANY
Covid deaths Today = VERY FEW

Business close-downs in Aug 2020 = MANY
Business close-downs Today = Practically none

So, yes, we are much better off than in 2020 (aka "The Year Of Trump"). That moron could not have picked a worse year for comparison. Year 2020 was what nightmares are made of.

 

All I ask is that you guys try to remember that there are women on this forum. Just asking for a little thoughtfulness.

 

Oh yeah inflation is not really real you see! We're not actually in a recession we'll just change the definition of that too.....smdh

 

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We're in whatever you want to call it. Inflation is coming down. By November it will be nothing but a memory but the fact that most women are enraged by the SC latest decision and well aware that Republicans must be voted OUT if their reproductive rights are to be restored should be uppermost in most conservative's minds.

 

Tell yourself whatever you need to believe to make it all better in your mind

 

I am a partial owner of some of those mega-corporations. So, I pay income tax as part of the corporation. Then I pay income taxes on the dividends from the corporation. I am taxed twice on the same profits.

I believe corporations should only be taxed for the costs to the government such as roads and other utilities. When they pay dividends to the owners, tax those dividends. The advantage is that it encourages US corporations rather than foreign corporations and they hire US workers.

 

We will start buying American when the cost of the goods in the US are equal to or less than those from foreign competition. There is also the gain in income taxes from US workers working in those corporations.

 

Inflation wasn't caused by the pandemic. You are the one in need of research.

 

Every bill has something 'Americans want' in it. Thats the candy flavoring to get us to drink the poison. We dont get bills that have 'only what Americans want' in them. Ever. From neither D or R. The supposed reasoning is because 'congress would have to vote more often' if we stopped letting pass everything in thousands-page omnibuses. So basically we get a bunch of bad policy with a little good policy because congress is too lazy to do otherwise...

 

Who said anything about exempting corporations from taxes?

 

You know, things are pretty depressing these days with all the news and deaths (at least locally where I am).

Anything that can bring a smile to my face is always greatly appreciated. I'm sorry you find it offensive.

 

we already put our hand in Pandora's Box, yes, removing it "tariffs" will hurt some, but must be done

India is our next concern, foreign outsourcing all our IT jobs to India is a national security risk, those that control the information.... have the power

 

How do you know those boobs are real?

 

Show me your sources.

 

Just asking for a little thoughtfulness, like I said above. Nothing is so depressing that we should find humor in denigrating others.

 

In this case, it was caused by government expanding the money supply.

Here's your source...

https://www.foxbusiness.com/politic...inflation-spike-san-francisco-federal-reserve

 

this is what caused inflation, Trump was so worried about keeping the stock price artificially high so he could brag about it

Trump raised the debt more in 4 years than any other President in history did in 4 years


Trump was on the verge of a recession in 2019... BEFORE COVID

the fed doesn't do this during a great economy... that the economy was great pre-covid is one of the biggest lies the Republicans ever told.


"Fed Ups Its Wall Street Bailout to $690 Billion a Week as Media Snoozes" Oct 2019

https://wallstreetonparade.com/2019...ilout-to-690-billion-a-week-as-media-snoozes/

and

"The Federal Reserve Has Already Pumped $9-Trillion into Wall Street in the Past Six Months, and Now Is Offering Banks Another $1.5-Trillion" March 2020

https://needtoknow.news/2020/03/the...d-now-is-offering-banks-another-1-5-trillion/

 

I like the lady's T shirt that said 'Objects are closer than they appear'

 

If you are going to challenge someone, the wrong way to do it is rely on a link to do your work for you.

You state your case, you make the argument. A link is there to back up your argument.

You haven't made an argument, whatsoever, you have only made a vacuous allegation, that's not a counter argument, and therefore, your comment is dismissed.

That being said,

I never stated that the pandemic is the direct cause. It caused nations to enact stimulus programs, massive influx of fiat currency.

Fiat currency, quantitative easing, and other similar scenarios, which outpace the GDP such that it results in too many dollars chasing too few goods, that is the ultimate cause of inflation. The pandemic, INDIRECTLY, contributed to it. Also, a rush to purchase by pent up demand caused by supply chain disruptions will result in rising prices. I'll let the economists argue whether that is inflation. It does become inflation, however, if the temporal upward swings in prices don't settle and consequently lower the averages back down, because of the stimulus packages.

I have posted a few dozen posts on the subject, over a span of a few years, and if you had awareness of them, you'd hnow this about my postings. So, next time, do your homework before you smugly pull and arrow from your quiver.

 

So, two issues out of 730 pages of spending and regulation. Your thread title is a bit of an exaggeration.

 

Not to beleaguer the point, but who is being denigrated by that photo?