Re: Does the Inflation Reduction Act violate Biden’s $400,000 tax pledge? Expect 'a d
Doesn't really matter, its not a huge impact on most taxpayers, maybe "slightly" indirectly, but again as article says, there are some benefits to incomes below 400K that outweigh each other.
Either way, the US taxpayer earning less than 400K is paying less federal taxes now than just about anytime in modern Post WW2 history.
As for "Inflation Reduction" I don't think there's any impact on reducing inflation in this bill.
In factual reality, Biden has had little to do with GLOBAL (Not just US) Inflation rising, and he'll likely have little to do with it as it comes down, which is probably very soon since we've likely peaked, as Oil, Commodities are starting to come down sharply in the past month and a half....and China COVID Zero, and other supply chains issues also improving.
All those (Oil, Commodities, Supply Chains) is what drove inflation up in the first place...and those will be the main drivers of Inflation going down.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
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