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
The legal actions against the “Orange Mafia” Don keep coming fast and furious. CNN reports, Appeals court says House can obtain Trump’s taxes from the IRS: A federal appeals court on Tuesday signed off on a House Ways and Means Committee request to obtain former President Donald Trump’s tax returns from the Internal Revenue Service. … Read more
Economist Paul Krugman writes, Republicans Flail and Fail on Taxes: Republicans are, of course, attacking the legislation. But when I look at the substance of those attacks, such as it is, I can’t help feeling more cheerful than I have in months. For one thing, the debate over the proposal feels like a return to … Read more