Recently, Arizona columnist Robert Robb, well known for his conservative economic views, wrote a post on his Substack defending Senator Kirsten Sinema’s resistance to Democratic priorities for changes to the tax code in the Inflation Reduction Act – specifically increases on certain top corporate and personal rates, and eliminating the grotesque ‘carried interest’ exception for … Read more
The Washington Post reports, Biden signs sweeping bill to tackle climate change, lower health-care costs: President Biden on Tuesday signed into law the Inflation Reduction Act, an ambitious measure that aims to tamp down on inflation, lower prescription drug prices, tackle climate change, reduce the deficit and impose a minimum tax on profits of the … Read more
Above: President Joe Biden signs the Inflation Reduction Act into law. “I’m about to sign the Inflation Reduction Act into law, one of the most significant laws in our history. Let me say from the start: With this law, the American people won and the special interests lost. The American people won and the special … Read more
[Note to BfAZ readers: I’m limited in how much of this I can post, but the paywall at Newsweek isn’t too bad, so you should be able to access it] It’s an awful feeling, watching Senator Joe Manchin saddle congressional Democrats‘ efforts to confront climate change with fossil fuel giveaways, then watching Kyrsten Sinema hold Manchin’s watered-down legislation hostage … Read more
As you probably have already surmised it is a tale as old as time, a tale of lobbyists, corruption and greed. Kenny Stancil reports, Sinema received over $500K from private equity before shielding industry from tax hikes: Senate Democrats passed a pared-backed reconciliation package on Sunday, but only after a pair of widely supported provisions … Read more