From WSJopinion: Tear off the absurd Inflation Reduction Act label, and behind it, you will see exactly what it is: another large plank in the Democratic plan to “re-engineer” the economy, with another hefty expansion of government, writes gerardtbaker
Democrats hide a power grab behind a purported solution to rising prices—a problem they themselves caused.
Wonder Land: While 17 House Democrats, including Alexandria Ocasio-Cortez, Ilhan Omar and Rashida Tlaib, staged a made-for-Instagram arrest over abortion rights, President Biden declares he'll use his executive powers to 'combat the climate crisis in the absence of congressional action.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Health Care, Climate and Taxes: Here's What's in the Inflation Reduction ActPresident Joe Biden’s initial effort to rebuild America’s public infrastructure and family support systems had a price tag of $4 trillion. And it stalled in Congress. A much slimmer but still substantial compromise package costing $739 billion is now being considered by lawmakers. With strategies aimed at inflation-fighting health care, climate change and deficit reduction, the new measure appears headed toward quick votes in the Democratic-controlled House and Senate. A major component is allowing the Medicare program to negotiate prescription drug prices with pharmaceutical companies. That could save the federal government some $288 billion over 10 years, money that would help seniors pay for their medications.
Read more »
0.25% or 0.33%? Democrats' Inflation Reduction Act wouldn't lower prices by all that much, analysts say“We estimate that the Inflation Reduction Act will produce a very small increase in inflation for the first few years,” said Penn Wharton Budget Model analysts in a report.
Read more »
The Inflation Reduction Act would send $80 billion to the IRS. Some tax experts wonder if it's enough to help the backlogged agencyIn the 2022 tax filing season, the IRS’ customer service workers were able to answer about 10% of the approximate 27 million phone calls people made during open hours, according to an IRS watchdog’s look at operations through March.
Read more »
‘Inflation Reduction Act’ passage not as simple as it appears for Dems: ‘It ain’t over till it’s over’While the Democrats have seemingly secured passage of the landmark 'Inflation Reduction Act' bill, the road ahead isn't as simple as it appears. Especially for Senate Democrats.
Read more »
Disney Among Studios to Sign Open Letter Supporting Passage of the Respect for Marriage ActThe Walt Disney Company's presence on the letter, organized by the Human Rights Campaign and addressed to U.S. senators, follows a tumultuous March for the company, which initially remained silent amid the passage of an anti-LGBTQ+ censorship bill through Florida's state Congress.
Read more »
When Police Fail to Act in a CrisisEssay: Psychological research on the “bystander effect” can help explain why police took so long to confront a school shooter in Uvalde, Texas.
Read more »