Senate passes Inflation Reduction Act in 51-50 vote

The bill aims to increase job creation, raise taxes on large corporations, lower the costs of some prescription drugs and invest in addressing climate change.

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Author: Rafael

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39 thoughts on “Senate passes Inflation Reduction Act in 51-50 vote

  1. Watching this guy lie through his teeth about a 700 billion dollar package that will NOT help Americans with inflation is outright treasonous. Even ABC news, who completely treats democrats and this administration with kid gloves, made a point to call out that this package was a lie and independent economists assert this will do virtually nothing for the average American.

    This crook isn't fit to be trusted checking parking meters, let alone help run our country. Get this snake out of power.

  2. Medicare can finally negotiate prices on care and meds, rebates and funding for electric car infrastructure and purchasing efficient water heaters/AC/Heat, IRS workers to go after the 2% richest tax cheats, 15% tax on corps that were paying nothing plus taxing their stockbuybacks that falsely rollercoaster the stockmarket. All of these create jobs, and either save us money or gain money that rich cheaters weren't paying in to the common good all of which reduces inflation by reducing cost and creating new revenue from the top that wasn't contributing. It will cost the middleclass nothing and pave the road to universal single payer healthcare (Medicare for All).

  3. Probably the most fraudulently named law in the history of Washington…..and that's saying something. CPI 9.1% + 2.5% Fed Funds rate + the Fed's stagnant balance sheet + 2 consecutive quarters of GDP = Hang in there fellow citizens because your federal government screwed you. Expect the CPI to increase over time as this is going to be a long ride and way worse than Jimmy Carter years.

  4. If you want to reduce inflation, open that pipeline back up. Closing it is a big factor in gas prices and other prices being so high. Very simple.

  5. Chuck Schumer u sure did change the Nation by depleting our finances. I hope to God u have a plan when we come knocking on your door because.we all.homeless.

  6. Tax The Rich? Hate to break it to you, the rich don't have a job, so you can't tax them. Ever hear Steve Job's salary at Apple is $1?" The rich lives off of their assets

  7. My appreciation goes to Dr OSABA on YouTube for taking his time to cure me of my Alopecia after 3years, Dr osaba always have cure for other chronic diseases .

  8. This is just plain sickening the American people must rise up against this corruption in Washington. This has nothing to do with reducing inflation.

  9. Raise the taxes on everyone to pay for these special climate change programs, and the democrat politicians once again will line their pockets up with mula!!! lots of it. To the idiots that support this… you do realize you will see an increase in your taxes not just the rich morons!! lmao

  10. You people cannot possibly be as stupid as you sound, republicans and democrats over 65 finally get reduced pharma, finally doing something for climate change, finally taxing billion $ companies and you complain. Enough already. Do you know how many times a Republican senate had the opportunity to pass just one these bills. Your parents and children are going to benefit from this, it’s really time to start thinking!

  11. You want climate change. ban all forever chemical that are polluting water and people's blood now.
    Legislate, don't pass around counterfeit currency.
    The USA existed fine before all that crap & no one gets a rebate.

    Where is the government going to get money for a energy tax rebate ??
    when you devalue the dollar you cause inflation. they are buying time till they are out of office, taking the profits from their scam & run. They know they screwed everybody with the 2022 deficit reduction bill.

    The national deficit was not the cause of the current inflation.
    The cause was the the government added burden of funding the war for the Ukrainians with out a discussion or budget.
    So now they pass a national deficit act of 2022 but still spend wildly for the Ukrianian war that could have been prevented.
    On top of the incompetence spending OF the southern borders
    What do the taxpaying US Citizens get ? shafted. they & the lawyers are making money on the war & malfeasance at the southern border.
    They, the Press & Democraps reasoning to rally the ignorant is, the rich guy is not paying his fair share ?????
    Why do they still let the companies deduct political, non business & charity deductions !!!!
    taking that away doesn't cause inflation…
    Let the individual shareholder bear the financial burden to lobby government or sue in court.
    Not the Corporation or current Director of the Corporation with Corporation funds.
    Government doesn't listen that way, when there are riots and get shot in the azz, then you see how quickly thier thought process changes.

  12. THE DEMOCRATS ARE WAGING WAR ON THE MIDDLE CLASS! $80-BILLION IN THIS BILL GOES TO HIRE 87,000 – 87 THOUSAND – NEW I.R.S. AGENTS TO AUDIT AND HARASS THE MIDDLE CLASS! THIS TRIPLES THE SIZE OF THE I.R.S.! BIG GOVERNMENT TO SPY ON US AS THEY WANT TO KNOW EVERY BANK TRANSACTION OVER $600! GOOD LUCK BUYING YOUR NEXT COUCH! THE I.R.S. IS WATCHING! I voted twice for Chuck Schumer but I can't vote for these crazy, radical, always meddling in our lives Democrats ever again!

  13. I see a lot of people complaining about the Democrats' new bill. Why complain now ? Everyone had a choice but they let the biased media completely influence their common sense and actually voted for worthless Joe Biden. The American voters should have taken their blinders off, pulled out their earplugs and listened to Trump!! Oh, by the way, Biden did cheat. What an absolute shame!!

  14. they will go after you morons. clever people broken it down more than once – even if wealthiest were to be taxed 100% of all their assets and cash the combined income would not have lasted to run the government for two months.

    prepare for more audits, more regulations, more fines. remember that they lowered venmo reporting limits two months ago?

  15. The American people don't want this bill they realize the Democrats are loading their pockets it's a shame nobody believes in God no more they just got to show you how crooked they are and how big of thieves they are hang on people

  16. 87,000 new IRS agents thanks to this “ deflation and climate“ bill.
    Do you think they need that many to go after one to 2% of the population or for them hundreds of millions that have unrealized gains.

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