Biden set to sign Inflation Reduction Act into law

ABC News’ Zohreen Shah discusses the impact that the massive climate, health care and tax bill could have on the United States and the political climate ahead of the midterms.

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Author: Rafael

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43 thoughts on “Biden set to sign Inflation Reduction Act into law

  1. Biden Inflation Act Promises Tax Credit Worth Up To $7,500 For New Electric Vehicle Buyers – Ford Increases Price Of Electric Vehicles By Up to $8,500

  2. The Earth is supposedly 4.5 billion years old. The climate has been continuously changing since then. Records exist for only the last 140 years!

  3. Make no mistake about it. It’s an attack on small business. To finish them off after the pandemic and make everyone a W2 employee working for a handful of corporate entities who also control the state. Increase corporate tax and aggressively enforce it, effectively killing every pizzeria, barber shop, dry cleaner and independent shop.

    This is the road to communism and the left is full steam ahead.

  4. Republican Party serve Trump and NOT AMERICA.

    Their oath is to Trump and NOT CONSTITUTION.

    Republican Party is change from conservative to hate and violence.

    If Democratic Party does not win this midterm, there is no freedom, no equality, no law and order.

  5. Did you know that 87,000 salaries at $50,000 per year equals $4.3 Billion per year? What kind of screwed up math do they think will pay for that?

  6. Wait till those who only make 10k find out that they are being taxed with this bill, while the government is offering 10k to those who can afford to buy an EV. Could these people be more out of touch?

  7. This is funny. Because it’s called the inflation reduction act, yet it just spends more money… leading to more inflation. Way to add to the highest inflation in 40 years! And then it raises taxes on businesses during a recession. Literally one of the worst things you can do it raise taxes on businesses while they are battling higher costs due to inflation… this guy hasn’t spent a day in the private sector. He signed an act into law to attempt to fight against the problem he created- record breaking inflation.

  8. RIP American Middle Class 🪦

    "When you see that in order to produce, you need to obtain permission from men who produce nothing – When you see that money is flowing to those who deal, not in goods, but in favors – When you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you – When you see corruption being rewarded and honesty becoming a self-sacrifice – You may know that your society is doomed." ~Atlas Shrugged

  9. I have no spare room for the extra money Joe saved me w/Build Back Batter.
    With the Inflation Reduction Act, I'm going to have to repurpose this cash as toilet paper or packing material. It's overwhelming.

  10. GOODBYE MIDDLE CLASS
    GOODBYE SMALL BUSINESSES
    GOODBYE FAMILIES MAKING LESS THAN 200K A YEAR
    GOODBYE AMERICA 🇺🇸 👋🏽 ✌🏾
    YOU ALL WANTED THIS NOW YOU ALL CAN SUFFER
    ALL THE OLD PEOPLE ARE SCREWED LMAOOO HA HA HA HAAAAA F*CK YOU PEOPLE RUINED OUR COUNTRY

  11. This is called the inflation stimulation act. Reckless government spending always creates inflation, which is another form of taxation. It only makes the rich, richer and makes the poor, poorer. Buckle up, the worst is yet to come…

  12. The Inflation Reduction Act sent to President Biden’s desk will end up forcing working-class Americans to pay billions of dollars in new taxes, according to the nonpartisan Congressional Budget Office.

    An analysis by the CBO estimates those earning less than $400,000 — the group on which Biden promised not to raise taxes — will pay an estimated $20 billion more in taxes over the next decade as a result of the Democrat-pushed $740 billion package, which also sets aside $80 billion to hire 87,000 IRS agents.

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