Inflation Reduction Act 'a mess' after billionaire tax hike was removed, AOC's constituents sound off

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

Rep. Alexandria Ocasio-Cortez's constituents weighed in on how the Inflation Reduction Act kept the carried interest loophole, but addressed climate change.

AS INFLATION REDUCTION ACT MOVES THROUGH CONGRESS, AMERICANS WEIGH IN ON IMPORTANCE OF CLIMATE INITIATIVES"The whole bill is a mess," one man, Tom, told Fox News."It’s a feel-good bill so the Democrats can say they did something and maybe they won't do so badly in the upcoming elections."

Daniel said Democrats should vote against the bill until the carried interest provision is added back in. As it stands, carried interest – a share of an investment fund's profits paid to executives – has a lower tax rate than other workers may see. "I don't really trust anything that the government has going on when it comes to the climate or when it comes to really anything," Zion told Fox News. He added that politicians already"failed humanity" with their inaction on climate change over the past two decades.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I’m not sure that guy is AOC’s target constituency

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

An inflation-neutral social spending bill is not an inflation reduction actThere's another universe where President Joe Biden signs his so-called Inflation Reduction Act into law, but in March 2021 — when inflation was 2.6%, rather than approaching double digits. Bullshit This is the IRS Expansion Act & Climate Chicken Little Society Spending Bill. There is nothing in this bill supported UNANIMOUSLY by DEMOCRATS that reduce inflation. Do not allow the administration a pass this November. HOLD THEM TO ACCOUNT!
Source: dcexaminer - 🏆 6. / 94 Read more »

Inflation Reduction Act Won't Curb Inflation ‘Over the Short Run,' Says EconomistFluctuating energy, food and housing prices are likelier to move the needle on inflation in the near term than any spending plan Congress passes, experts say.
Source: nbcchicago - 🏆 545. / 51 Read more »

Businesses Voice Support For Climate Action In The Inflation Reduction ActJoan Michelson is a career coach, dynamic public speaker and host of the acclaimed podcast Electric Ladies of fascinating interviews with women innovators in energy, climate and sustainability, ESG. (formerly known as Green Connections Radio) joanmichelson or electricladiespodcast.com
Source: ForbesWomen - 🏆 477. / 51 Read more »

Inflation Reduction Act Passes: Senate Approves $430 Billion Climate And Healthcare BillSenate Democrats voted Sunday to pass the landmark Inflation Reduction Act, approving the landmark $430 billion climate, tax and healthcare bill. Let’s see how truth is on that… It’s good and refreshing to see the level of debates that has gone into the Climate Reduction Bill passed by the senate. The intellectual rigor and focus the US Congress has given to it should inspire and challenge other countries to give priority and focus to climate change.
Source: Forbes - 🏆 394. / 53 Read more »

Senate nears passage of Inflation Reduction Act after overnight debateThe package, a dwindled version of earlier multitrillion-dollar measures that Democrats failed to advance, has become a partisan battleground over inflation, gasoline prices and other issues that polls show are driving voters. Let’s see how many republicans will vote to help the American people
Source: FOX4 - 🏆 289. / 63 Read more »

Senate enters 'Vote-a-rama' as the 'Inflation Reduction Act' comes closer to being passedIt includes the largest ever federal effort on climate change - close to $400 billion - hands Medicare the power to negotiate pharmaceutical prices and extends expiring subsidies that help 13 million people afford health insurance.
Source: ABC7NY - 🏆 592. / 51 Read more »