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On Sunday, August 7, the U.S. Senate passed the Inflation Reduction Act. This is a scaled-down compromise of Biden’s original Build Back Better Act, introduced in 2021. Proponents of this bill say it will increase the federal government’s revenue by $739 billion by adding a 15% corporate minimum tax, prescription drug pricing reform, IRS tax enforcement, and closing the carried interest loophole. This bill will also invest in clean energy and healthcare to the tune of $433 billion. So, if the Senate Democrats have done their math correctly, this bill should reduce the deficit by at least $300 billion over the next ten years. But should we take the Inflation Reduction Act at face value?
Let’s look at what’s in the bill, why it’s called “Inflation Reduction,” […]
Covid variant BA.5 is spreading. It appears milder but much more contagious and evades natural immunity. Best to boost your immune system with new Z-Dtox and Z-Stack nutraceuticals from our dear friend, the late Dr. Vladimir Zelenko.