When push came to shove, Joe Manchin folded like a cheap road map. He talked a big game, but when he walked up to the plate against Chuck Schumer, he whiffed on three pitches. For the longest time, Manchin insisted that increased spending would increase inflation, but now, he has no trouble spending another $800 billion we don’t have, and he insists it won’t increase inflation. How in the world could it not?
They are supercharging the IRS and will make 15% of the minimum tax regardless of extenuating circumstances won’t affect big businesses but could be devastating to small businesses. And it will really become a tax on consumers because the businesses always pass additional costs to the consumer. many economists say it won’t cut inflation, with some saying it will fuel inflation slightly over the next two years.
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