Macro-to-Micro Analyst+Trader Forecast+Chase https://t.co/MrMkwZYdvt https://t.co/GZILqexQ5C https://t.co/yZsZJcrKAz https://t.co/UmKuhy2OwV
I had to look -
The Inflation Reduction Act does not reduce inflation so inflation expectations are now back to pre-FOMC levels.
Market, show me you care.
NOW PASSED THE SENATE
-- Biggest-ever climate bill: Massive industry clean energy $; $80B for EVs, heat pumps, home solar installation)
-- Biggest-ever funding increase for the IRS
-- 15% tax on corporations w/ +$1 billion in profits
-- Medicare prescription drug negotiation
Vacation just started and already I want to figure out how to work this into my routine when I’m back:
Afternoon sun on my skin.
If anything, time away reminds me … I really suck at self-care! 🙃
6X the agency’s budget
But the wealth-owners still get away with paying the least amount of tax, so instead of passing a fair tax system, government expands hugely to screw the majority of wage earners.
Rep Kevin Brady: Manchin/Schumer reconciliation bill “adds $80 billion to the Internal Revenue Service - nearly six times the agency’s current annual budget – to supercharge the IRS and unleash 87,000 new IRS enforcement agents on taxpayers, including the middle class.”