Message auto-removed

[Name removed]

[AZSkiffyGeek]

1. Quoting Lindsay Graham?

Enjoy your stay…

[AZSkiffyGeek]

4. Can read who sent the letter you posted

[AZSkiffyGeek]

8. Are you really trying to sea lion?

You’re awfully invested in sharing a letter to a Republican Senator about how a Democratic bill is bad.

[AZSkiffyGeek]

12. Yup you don't understand at all....

[mahatmakanejeeves]

11. The salutation is: "Dear Senator:"

The letter is signed by Phillip L. Swagel, Director of the Congressional Budget Office.

Who else is in the loop?

cc: Honorable Bernie Sanders
Chairman

[niyad]

2. What flavour pizza do you like?

[JustAnotherGen]

5. Not buying it

[BlueIdaho]

7. Welcome to DU

You might want to read the TOS.

[obamanut2012]

28. Why are you answering yourself?

[BlueIdaho]

15. So you think using LG as a source

Is a smart thing to do on DU? Certainly you could have found a source for the letter without Graham’s name on it.

See Ya

[mahatmakanejeeves]

18. The letter's source was the Congressional Budget Office.

There were two recipients, Lindsey Graham and Bernie Sanders.

[AZSkiffyGeek]

13. Sea lions...

We can enjoy it while it lasts….

[Scrivener7]

23. Ugh. Somehow, I just really don't enjoy them anymore. They smell so bad.

[FSogol]

29. LOL, really obvious sometimes. n/t

[Hortensis]

21. We do get to quote real information about the CBO's analysis,

as well as other well respected analyses of its greater effects over time.

There were also a couple, mostly offsetting economic amendments at the end, required so the house would pass it on Friday and send it on to President Biden for signing into law. That's the way the democratic ball bounces.

[Amishman]

22. It's a great - essential - law, but it probably won't do much to help current inflation

It will absolutely help with medical related inflation.

It will also eventually help utility costs by helping with green energy, heat pumps, and promoting electric cars.

But that's about it for helping with inflation, and those items will not be fast.

It will however make critical progress on limiting climate change, something that has been dead in the water for far too long.

It does all this by raising taxes on those who can most afford it.

It's a huge win and a great bill, but the CBO data and the criticisms of its immediate inflation impact are valid. These name games are how politics work.

Why do I make this downer comment? Because its about expectations. With the wrong messaging, voters will expect this to begin driving down inflation immediately, and that's going to be a long slow road. That gap between expectations and reality open us up to unwarranted criticism at election time, so it is important to keep expectations grounded in ours and the general public's perceptions.

[Scrivener7]

25. This. Four months before one of the most important elections in the history of our country

(and yes, it is THAT) can't we just enjoy and trumpet our success and perhaps show a united front to those who might be on the fence about November.

[Deminpenn]

26. The bill's name is to satisfy Joe Manchin, imho

He's been yammering about inflation and deficit reduction since Build Back Better was introduced a year or so ago.

There's really not much action the federal goverment can take that would lessen inflation outside of wage and price controls or raising taxes on everyone which would curb spending that in turn would reduce demand and hopefully create downward pressure on prices. The bill does none of that except for the transaction tax that will basically fund the new spending.

[blogslug]

24. You do realize there's much more to this bill than simply reducing inflation, don't you?

https://www.npr.org/2022/08/07/1116190180/democrats-are-set-to-pass-a-major-climate-health-and-tax-bill-heres-whats-in-it

More than $300 billion would be invested in energy and climate reform, the largest federal clean energy investment in U.S. history.
***

The bill includes a historic measure that allows the federal health secretary to negotiate the prices of certain expensive drugs each year for Medicare.
***

The legislation creates a 15% minimum tax for corporations making $1 billion or more in income, bringing in more than $300 billion in revenue...a 1% excise tax on stock buybacks was introduced, and it could bring in roughly five times as much revenue as the carried interest measure.

Here's something you might want to read:

https://www.democrats.senate.gov/imo/media/doc/inflation_reduction_act_of_2022.pdf

And if that's too much text, there's this:

https://www.democrats.senate.gov/imo/media/doc/inflation_reduction_act_one_page_summary.pdf

[mahatmakanejeeves]

27. If only Microsoft hadn't gotten rid of Clippy, we could ask Clippy to show us how to write a letter,

especially those tricky parts about "to" and "from."



Source: https://en.wikipedia.org/wiki/Office_Assistant