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| Manchin’s New Deal | Login/Join |
Minor Deity |
https://www.politico.com/news/...nergy-taxes-00048325 Manchin's new deal with Schumer has something for the Affordable Care Act, climate change, American manufacturing and mining, and will reduce the deficit by $300 Billion. They gave it a cute name too, “the Inflation Reduction Act of 2022.” EDIT to add: Looks like it will close the “carried interest” loop hole too. Scroll down the Axios article a bit to get to a bullet point list of the major provisions included in the bill: https://www.axios.com/2022/07/...eal-senate-democrats
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| "I've got morons on my team." Mitt Romney Minor Deity  |
Yeah, and if it doesn't include dealing with SALT caps so that wealthy blue state libs get bigger deductions, expect some more controversy. | |||
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Has Achieved Nirvana |
https://twitter.com/mattyglesi...DKchAzbgz8wPwxN3_oGQ
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| "I've got morons on my team." Mitt Romney Minor Deity |
Oh c'mon. Yglesias is smarter than that. He knows the difference between the average and the mode ...  | |||
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Has Achieved Nirvana |
Meanwhile, Prime Minister Sinema is miffed because she wasn’t included in negotiations. Heads may roll.
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| "I've got morons on my team." Mitt Romney Minor Deity |
Sinema makes for good theater ... | |||
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| Minor Deity |
https://www.cnbc.com/2022/07/2...cription-reform.html Article above focuses on the bill's Medicare provisions: 1. Let Medicare negotiate prescription drug prices 2. Set Medicare Part-D out-of-pocket maximum to $2000
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Has Achieved Nirvana |
Possible roadblocks: https://www.axios.com/2022/07/...nchin-deal-democrats
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| Has Achieved Nirvana |
I’m seeing opinions that passing the bill would be inflationary. Looking at how it’s funded I don’t see it. What am I missing?
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| Pinta & the Santa Maria Has Achieved Nirvana  |
True. I wish it was just theater, but the stakes are high. She craves the spotlight, but I think her "maverick" attempt at being Arizona's new John McCain is wearing thin for everyone. She will NOT be reelected, I predict. She'll most likely be primaried. I think she's likely to do another "thumbs down" on this just to get the headlines. She's on record as supporting everything in this bill except the closing the tax loophole. But she gets her moment in the sun (and most likely a ton of campaign money coming her way). Our system is totally broken. | |||
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| Has Achieved Nirvana |
Manchin goes on the Sunday morning shows to sell the bill. https://www.politico.com/news/...senate-bill-00048826
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| Has Achieved Nirvana |
https://www.axios.com/2022/08/...lation-reduction-act
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| Pinta & the Santa Maria Has Achieved Nirvana |
That's great news from the Sinema camp. OK, it's not perfect but someone once said "never let perfection be the enemy of the good." Even without the carried interest tax provision... and with an enticing "beef up climate funding", it's a huge step forward. Let's hope the Dems don't crater it with their vote-a-rama shenanigans. We know the GOP will be coming full bore. | |||
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| Has Achieved Nirvana |
That whole carried interest thing is just weird. It affects very few people and is obviously unfair. I smell a rat.
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| Has Achieved Nirvana |
Internet says to watch where Sinema goes once she leaves office. Makes sense.
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