Anybody have a link to a good summary of what’s in the new law?
I’m assuming it’s hundreds of pages and I don’t want to read through it.
Certainly at least one reporter has done that work.
honestcreditguy
2 years ago
progressives have so little brain cells, collies herd them daily…..
anyone voting for these dumb sheep is a dumb sheep
oee
2 years ago
It was the Dems that passed The Biden/Harris admin passed infrastructure! Not Trump (the so-called dealmaker, he cannot even manage a house of ill repute, even if his life depends on it). He had four years and could not do it. Biden/Harris did it within a year,.
Also, since you do not like infrastructure, please get off the internet since it was ceated by the evil US govt!
You are the first person I know who does not want to drive on good roads or good trains.
Remember during the March 2020 crisis, how smoothly they transferred 5 TRILLION dollars upward to the richest 1000 people in the country?
These libertarians pretended to oppose it. Why do I say “pretended”? Because when a suggestion was made this year that we should claw back a SMALL fraction of that money by taxing the billionaires, they roundly opposed it. The amount of howling and chest-beating they did was quite a sight.
they passed a bill to taxpayers, wow, great work dementia joe and kamala ho, why are folks still concerned with Trump…he’s gone….sheep chew grass for a long time…..go apply somewhere, get a job
QTPie
2 years ago
The title of the article is a bit misleading given that technically the ultra-woke Democrat progressives didn’t “cave in”. They voted against it but the bill was nevertheless passed thanks to a number of Republicans voting for the bill.
Members also “vote trade” too. I’m sure some of that was going on.
whirlaway
2 years ago
So the progressives caved, huh? What a shock! LOL
I have always told the progressives who think they can change this party from within – no, you can’t change the DONORcrat Party; the DONORcrat Party changes you!
That said, the way forward from this ignominious defeat, is what I have been proposing all along. If push comes to shove (as it indeed has now), drop ALL the BBB items behind and take up just one. The child tax credit. Pass it for just one year. Make it universal or as near-universal as you can. Cover at least 99 percent of the people, not 80 percent or 90 percent or 95 percent or 98 percent. Be the Oprah of child tax credit. Then run the 2022 elections with a simple proposition – keep us in power in the House and the Senate if you want the tax cuts to continue.
I would add full Medicare expansion with dental, hearing etc for one year as well. Let Republicans and centrist Dems campaign on repealing the benefits in Nov 22.
That would be good too, but since the progressives have been caving again and again and again, the suggestion I made was what should the bare minimum be. In fact, I would be very surprised if they even get that. At best, they might manage to get one with severe income caps, like 40,000 or 50,000. Which then makes it a sort of a welfare program. And the Republicans do know how to run against those.
anoop
2 years ago
time to go all in on the s&p500? if this passes, i think i will.
Not sure how much this will matter in the long run as far as market returns given that this bill isn’t as big as it sounds. It only amounts to about $50 billion in new/additional spending per year over the next decade.
Business Man
2 years ago
I see $463.5 billion here. Wasn’t this supposed to be something like $1.2T? I remember Mish talking about a missing huge chunk of money. Is this that bill?
These libertarians pretended to oppose it. Why do I say “pretended”? Because when a suggestion was made this year that we should claw back a SMALL fraction of that money by taxing the billionaires, they roundly opposed it. The amount of howling and chest-beating they did was quite a sight.
That said, the way forward from this ignominious defeat, is what I have been proposing all along. If push comes to shove (as it indeed has now), drop ALL the BBB items behind and take up just one. The child tax credit. Pass it for just one year. Make it universal or as near-universal as you can. Cover at least 99 percent of the people, not 80 percent or 90 percent or 95 percent or 98 percent. Be the Oprah of child tax credit. Then run the 2022 elections with a simple proposition – keep us in power in the House and the Senate if you want the tax cuts to continue.