to negotiate prescription drug prices with pharmaceutical companies, saving the federal government some $288 billion over the 10-year budget window.
A late addition pushed by Sen. Kyrsten Sinema, D-Ariz., and other Democrats in Arizona, Nevada and Colorado would designate $4 billion to combat a mega-drought in the West, including conservation efforts in the Colorado River Basin, which nearly 40 million Americans rely on for drinking water. The new corporate minimum tax would kick in after the 2022 tax year and raise some $258 billion over the decade.
Keeping the tax break for the wealthy deprives the party of $14 billion in revenue they were counting on to help pay for the package.
A big Climate bill with 87,000 IRS agents to protect the climate, or should we call them the 'Green Police?' That name is what the Gestapo was called in Nazi Germany, isn't it nice to be so closely related to that? I guess they want a Democrat Socialist Country.
Would it be great if taxpayers could actually vote on government spending? Our futures are being taken away for false narratives and vote-buying by the Democrats.
I thought it was supposed to fight inflation.
Once Democrats are out this will get repealed as well as it should. This is a spending spree in a recession creating a hyper inflation.
In other words, a big scam!
TarikNiazi
Meanwhile in China!
Just what we needed in a recession. More taxes and increased inflation.
Hasn’t been approved by the house yet
No, just the democrats approved. See you in November.
I bet you a dollar every time such a huge budget has been passed, probably half of it will be wasted on fraud. Welcome to the Nation of waste, fraud and taxpayer's abuse. Hundreds of Consultants with alligator briefcases are lined up.
And nothing to say about all those extra IRS agents ?
'Spending Package?' Is that what you are calling it now? What happened to Inflation Reduction Act?
Climate change is a scam
Another stimmy ?
How much will it change the climate?
About 37.5 billion annually, mostly tax credits to corporations. For context, that's about 4 percent of military spending. The US military is one of the single biggest climate polluters in world history.
The legislation also caps prescription drug costs at $2,000 out of pocket for seniors, and helps Americans pay for private health insurance. The bill now goes to the House.
The media just can't give President Joe Biden, Vice President Harris and the Democrats credit for anything at all, eh? You suck.
In = pork, out = inflation / more taxes
I just scrolled the comments. People should read the article. It explains what's in the bill and how it's paid for. A lot of just flat out misunderstanding/misinformation in the comments based on 'team' identity. Get real information folks. It exists.
All these politicians need to be voted out of office.. they’re out of touch with reality. The country in debt inflation out of control America people losing the value of their dollar. Government spending Trillions ....bs
This is a good overview of what's in the bill and gives us a sense of how legislation happens. A big vision. Lot's of compromise. An outcome that is less ambitious and contains some things to like and dislike across the broad Dem ideological spectrum.
So, big pharma is just going to hand over $288B in revenue for nothing? Seems like a good plan.
Wasteful spending by corrupt politicians. That’s the only thing in this bill.
84000 new Irs agents Doesn't help inflation
Something wicked comes this way.
Are there any Super Saiyen Ultra Maga's that can explain to me what's in the bill?
Anything about inflation reduction?
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