Senate Democrats pass climate, tax and health bill aimed to reduce inflation

ABC News business reporter Alexis Christoforous discusses the latest on the Inflation Reduction Act and what that means for Americans’ health insurance and prescription drug charges.

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Author: Rafael

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26 thoughts on “Senate Democrats pass climate, tax and health bill aimed to reduce inflation

  1. This so called "inflation reduction" hence make the middle class and poor pay for the liberal and Democrat eutopia aka "new world order". Its just proof that the 2030 agenda you'll own nothing and be happy!! But no one will escape judgment day. For all the people who think their gods.

  2. This is nothing about reducing inflation
    This is a way for the Democrats and liberals to fund their socialist utopia. Hence the new world order.

  3. Now let’s see how many republican members go back to their districts and tell their folks that they fought hard for the passing of this bill… they always do…

  4. Corporations dont pay taxes, they wont just accept a loss in profits. When corporations face increase taxes what do they do? hey increase prices and pass that expense to the consumer. If you think corporations and billionaires are paying for this bill you are sadly mistaken…

  5. To think that the general public would fall for this nonsense is just unbelievable and absolutely shameful.

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  7. All u guys hear is what "we're spending" likes it's going to come out of the everyday American citizens pockets in a drastic or dramatic fashion! This is going to hurt the rich, what are yall mad about!?!?!

  8. I watched the thing, even Bernie Sanders of all people criticized this one, I thought they were supposed to be helping small businesses not going after them with an army of tax people? We need more Democrats that like Americans not hate Americans.

  9. It will also increase taxes on everyone.
    The lowest earners will have less than a 1% increase YOY. The highest earners will have the same less than 1% increase YOY. A real tax the rich scenario 😂

  10. Raising taxes on all of us during a full blown recession & adding thousands of more IRS government employees to go after the middle class…F'ING IDIOTS!!! Remember this in Nov…VOTE CONSERVATIVE!!!

  11. Why Biden’s democratic Socialist want to turn America into a third world country!

    The reason Biden and the left want to approach inflation this way with huge government action spending, is straight from the globalist playbook. It enriches the elite the elite inner circle and devalues the middle class labor lives of ordinary people. We can see the extreme of this philosophy playing out before our eyes first it was Venezuela, now Argentina has followed this ungodly playbook and America is on track to becoming another socialist country is is not pretty, the result of reckless spending, with all sort of false promises, and trying to run our country on handouts…

    Most people no longer want to work especially for low-wage jobs, and would rather collect payouts from the government instead.

    Those who are working will be growing increasingly sick of the high inflation and new taxes that will be imposed to pay directly into the hands of those who refuse to work. In other words America is on track to becoming another socialist third world country.

    All of this was avoidable:
    Listen, the state of the world is clearly not good right now. We have Russia waging ware, the global food supply chain failing, and China threatening Taiwan!…

    America is on the verge of being forced to turn to heavy cuts and tighting expenses like never before. All because of greedy politicians, who are running our government! We see inflation rising, crime running wild, and it will not slow down until we get out and vote to remove the socialist, now!

  12. Politicians always stealing our money. There is no government like NO government. Government equals TYRANNY

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