Inflation Reduction Act

hawkland14

HR Heisman
Gold Member
Feb 26, 2013
7,442
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Have you done any research? You are an idiot. You think I am on team blue? Nobody takes you serious because you only believe in 2 teams. You are a joke.
The IRS is awful and bad its job. Par for the course for most government entities. Throwing more tax payer money at it will not benefit the American populace. Here is one of many examples.
 

globalhawk

HR Heisman
Dec 16, 2003
5,271
5,734
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The IRS is awful and bad its job. Par for the course for most government entities. Throwing more tax payer money at it will not benefit the American populace. Here is one of many examples.
STFU. Serious idiot. What are you trying to prove with the attached article?
 

alaskanseminole

HR Legend
Oct 20, 2002
11,415
13,018
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Doesn't reduce inflation :)

Nice name...kind of misleading.

Estimated Inflationary Effects
PWBM previously provided estimates of the Build Back Better Act (H.R. 5376) on inflation. Estimating the impact of the current Inflation Reduction Act on inflation is challenged by the smaller size of the program’s spending and taxes relative to the overall U.S. economy. For these estimates, PWBM uses an “impulse response” model that is standard in economics and subject to its own model limitations. We measure inflation as the Personal Consumption Expenditures (PCE) price index. We estimate that the Inflation Reduction Act will produce a very small increase in inflation for the first few years, up to 0.05 percent points in 2024. We estimate a 0.25 percentage point fall in the PCE price index by the late 2020s. These point estimates, however, are not statistically different than zero, thereby indicating a very low level of confidence that the legislation will have any impact on inflation.

Ya, I was just reading about it.

The name is absolutely misleading. They basically passed a different version of the green new deal that will increase government spending which will in turn lead to--wait for it--more inflation. They took their biggest campaign challenge for the fall (inflation) and just renamed the bill that will increase inflation long term as being an anti-inflation bill.
 

binsfeldcyhawk2

HR Legend
Gold Member
Oct 13, 2006
24,899
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Ya, I was just reading about it.

The name is absolutely misleading. They basically passed a different version of the green new deal that will increase government spending which will in turn lead to--wait for it--more inflation. They took their biggest campaign challenge for the fall (inflation) and just renamed the bill that will increase inflation long term as being an anti-inflation bill.
Best case I’ve read is inflation neutral. Worst case…slight inflationary.

Regardless….misleading name.
 

binsfeldcyhawk2

HR Legend
Gold Member
Oct 13, 2006
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Lol.

Enacting the bill would affect economic activity and inflation beyond 2023. CBO has not evaluated those effects.
Lol
 
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RileyHawk

HR Legend
Gold Member
Aug 21, 2002
35,162
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Lol
Lol - see CBO stance.

You really do stick to the propaganda though.
 

binsfeldcyhawk2

HR Legend
Gold Member
Oct 13, 2006
24,899
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When did referring to the CBO become "propaganda"?

Lol - it's amazing that you don't even realize how far you've been sucked in.
When did referring to the Penn Wharton Business Model become propaganda?

It’s amazing that you don’t realize how much of a hypocritical douchebag you are.

Oh…and the CBO says the effect on inflation will be negligible…thanks for reinforcing my point.
 

alaskanseminole

HR Legend
Oct 20, 2002
11,415
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Lol - see CBO stance.

You really do stick to the propaganda though.
So you think this Bill is sincerely directed at reducing inflation?

Disclaimer: I'm not even saying I'm against what's in the Bill, it's just not targeted legislation of how it's being branded.
 

binsfeldcyhawk2

HR Legend
Gold Member
Oct 13, 2006
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So you think this Bill is sincerely directed at reducing inflation?

Disclaimer: I'm not even saying I'm against what's in the Bill, it's just not targeted legislation of how it's being branded.
Of course he doesn’t….unless he’s a complete moron.

I don’t really have a problem with the bill either.,..just get tired of false advertising and gaslighting. Call it the green and deficit reducing bill….would have been more accurate.

Inflation Reduction? GTFO with that bullshit.
 
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coloradonoles

HR Legend
Mar 29, 2002
10,033
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Houston, TX
Our government has become one who governs via Executive Order and Reconciliation bills.

I'm sure when the worm turns no liberals will be crying wolf.

This is nothing more than an end-around to bypass the filibuster.

Enjoy your win...
 

RileyHawk

HR Legend
Gold Member
Aug 21, 2002
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When did referring to the Penn Wharton Business Model become propaganda?

It’s amazing that you don’t realize how much of a hypocritical douchebag you are.

Oh…and the CBO says the effect on inflation will be negligible…thanks for reinforcing my point.
Penn Wharton has been dismissed for their bad math and being right wing previously. The CBO is non-partisan and didn't offer analysis for 2023 and after - that's the point. The idea of the bill is to impact inflation and do many other things as well. But you and your right wing bias has to search to find anything you can that might be negative about it. You've bought into the right wing propaganda - it's quite evident.
 
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RileyHawk

HR Legend
Gold Member
Aug 21, 2002
35,162
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So you think this Bill is sincerely directed at reducing inflation?

Disclaimer: I'm not even saying I'm against what's in the Bill, it's just not targeted legislation of how it's being branded.
I think it targets inflation in a number of areas (healthcare for example) and provides other benefits. The right wingers on here are in a frenzy trying to find something bad about it. It's funny to watch and debunk.