Tuesday Aug 16, 2022
The Inflation Reduction Act may be a BIG political win for President Joe Biden and Democrats in the House and Senate, but it will also help us.
It will lower health care costs for millions of Americans and create millions of "Clean Energy Jobs " yes! it will reduce the deficit.
Don't listen to the right-wing pundits. The deficit will be lowered by 3.2 billion bucks over ten years.
It earmarks money for electric cars, solar panels, and massive battery plants; it protects 2 million acres of National Forests.
All this and more is part of the most significant Global Warming legislation ever created by the United States.
Finally, the measure raises taxes for the largest corporations in America. These are businesses that paid $0 in Taxes in 2021. You will increase your taxes if you make $400,000.00 a year or more.
President Biden will sign the bill today, Tuesday, August 16. I'll be posting links and additional information on the D.R.A. on gloriamoraga.com.
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