ABC News’ Zohreen Shah discusses the impact that the massive climate, health care and tax bill could have on the United States and the political climate ahead of the midterms.
SUBSCRIBE to ABC News: https://bit.ly/2vZb6yP
WATCH MORE on http://abcnews.go.com/
LIKE ABC News on FACEBOOK: https://www.facebook.com/abcnews
FOLLOW ABC News on TWITTER: https://twitter.com/abc
#ABCNL #biden #inflationreductionact #unitedstates
Watched him sign this bill on television. I thought at first they were showing “weekend at Berniesâ€Â
If you've ever wondered how politicians get so wealthy while they are in office, well this is how.
Let’s go Brandon!
TERMINA EL CIRCO.
CURSADA ORDEN DE EJECUTAR A LOS TRAIDORES.
FIN.
HAY PENA DE MUERTE PARA LOS TRAIDORES.
ADIOS.
FIN.
Biden Inflation Act Promises Tax Credit Worth Up To $7,500 For New Electric Vehicle Buyers – Ford Increases Price Of Electric Vehicles By Up to $8,500
If you want a fleet of new rental EVs or Solar Panels on your hotel then Biden has got your back.
Biden signs Middle Class Reduction Act into law
How does this help average Americans? What the actual F.
less government employees would mean less taxes. lets get that law signed in and let them fight it out to keep their jobs
The Earth is supposedly 4.5 billion years old. The climate has been continuously changing since then. Records exist for only the last 140 years!
I’ve never witnessed such a terrible excuse for an administration.
Fix the dam tax code..Stop robbing hard working people…Its time to stop giving working people left overs..
Doesnt look like anything to help inflation to me
Same old bs
Printing 740 billion dollars to "reduce inflation" really makes you think.
Y’all know dang well the rich is not gonna pay for this
Make no mistake about it. It’s an attack on small business. To finish them off after the pandemic and make everyone a W2 employee working for a handful of corporate entities who also control the state. Increase corporate tax and aggressively enforce it, effectively killing every pizzeria, barber shop, dry cleaner and independent shop.
This is the road to communism and the left is full steam ahead.
Republican Party serve Trump and NOT AMERICA.
Their oath is to Trump and NOT CONSTITUTION.
Republican Party is change from conservative to hate and violence.
If Democratic Party does not win this midterm, there is no freedom, no equality, no law and order.
Did you know that 87,000 salaries at $50,000 per year equals $4.3 Billion per year? What kind of screwed up math do they think will pay for that?
10% for the Big Guy! 💰ðŸÂ·ðŸ’°
Wait till those who only make 10k find out that they are being taxed with this bill, while the government is offering 10k to those who can afford to buy an EV. Could these people be more out of touch?
This is funny. Because it’s called the inflation reduction act, yet it just spends more money… leading to more inflation. Way to add to the highest inflation in 40 years! And then it raises taxes on businesses during a recession. Literally one of the worst things you can do it raise taxes on businesses while they are battling higher costs due to inflation… this guy hasn’t spent a day in the private sector. He signed an act into law to attempt to fight against the problem he created- record breaking inflation.
CBO: Inflation Reduction Act will cost middle class Americans $20 Billion in new taxes
God Bless President Biden 🙠Greatest President of Our Time 🇺🇸
RIP American Middle Class 🪦
"When you see that in order to produce, you need to obtain permission from men who produce nothing – When you see that money is flowing to those who deal, not in goods, but in favors – When you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you – When you see corruption being rewarded and honesty becoming a self-sacrifice – You may know that your society is doomed." ~Atlas Shrugged
We are now going to follow the completely failed energy strategy of Germany. Get some firewood folks
🖕ðŸÂ» FJB!
Inflation production act
I have no spare room for the extra money Joe saved me w/Build Back Batter.
With the Inflation Reduction Act, I'm going to have to repurpose this cash as toilet paper or packing material. It's overwhelming.
im still waiting for a breakdown on how this bills benefits the working class lol
Who here is excited about this Audit America act? Give a thumbs up.
GOODBYE MIDDLE CLASS
GOODBYE SMALL BUSINESSES
GOODBYE FAMILIES MAKING LESS THAN 200K A YEAR
GOODBYE AMERICA 🇺🇸 👋ðŸÂ½ ✌ðŸÂ¾
YOU ALL WANTED THIS NOW YOU ALL CAN SUFFER
ALL THE OLD PEOPLE ARE SCREWED LMAOOO HA HA HA HAAAAA F*CK YOU PEOPLE RUINED OUR COUNTRY
Win?….
Thank you president biden screw the haters
This is called the inflation stimulation act. Reckless government spending always creates inflation, which is another form of taxation. It only makes the rich, richer and makes the poor, poorer. Buckle up, the worst is yet to come…
Inflation Reduction or Inflation Stimulationâ‰
Biden cult believes he gonna do something good well good like cause it not gonna end well
Goodbye America
Appreciate President Biden !!!!
FJB AND THE DEMOCRATIC PARTY.
Democrats are hell bent on destroying this country. This might be the nail in the coffin.
The Inflation Reduction Act sent to President Biden’s desk will end up forcing working-class Americans to pay billions of dollars in new taxes, according to the nonpartisan Congressional Budget Office.
An analysis by the CBO estimates those earning less than $400,000  the group on which Biden promised not to raise taxes  will pay an estimated $20 billion more in taxes over the next decade as a result of the Democrat-pushed $740 billion package, which also sets aside $80 billion to hire 87,000 IRS agents.
Too bad he's not the legitimate President, otherwise this would mean something.