Democrats pass a MASSIVE spending bill in the Senate with Kamala Harris as the tie-breaker vote. It's got so much jammed into it that we need multiple segments to cover it all. Join Ryan as we unpack whats in this bill and what exactly it will do. This episode covers Sections 1 & 2: the tax reforms and tax increases Democrats need to fund the rest of this 755 page bill. These sections of the bill address raised taxes on corporations, raised taxes on individuals (not just the ultra wealthy), and adjusted taxes on stock exchange. The burning question as we read this: why are we raising taxes in the middle of a recession?? Tune in and help decide whether this bill will actually reduce inflation.
Bill Text w/ highlights: file:///Users/ryangoke/Downloads/Senate%20Inflation%20Reduction%20ACT.pdf
Source -- IRS more likely to audit poorer families: https://trac.syr.edu/tracirs/latest/679/
Redlined bill: https://www.epw.senate.gov/public/index.cfm/inflation-reduction-act-of-2022
Amendments: https://www.congress.gov/bill/117th-congress/house-bill/5376/related-bills?q=%7B%22search%22%3A%5B%22inflation+reduction+act%22%2C%22inflation%22%2C%22reduction%22%2C%22act%22%5D%7D&r=1&s=2
Related Bills: https://www.congress.gov/bill/117th-congress/house-bill/5376/related-bills?q=%7B%22search%22%3A%5B%22inflation+reduction+act%22%2C%22inflation%22%2C%22reduction%22%2C%22act%22%5D%7D&r=1&s=2
New series: Blueprint debuts this week!
Become a member and get backstage access on our Discord channels: https://www.buymeacoffee.com/betweentheliars
Become a patron for backstage access PLUS exclusive livestreams: https://www.patreon.com/betweentheliars
You can find the livestream of this episode here: https://www.youtube.com/watch?v=R8-40vAlGos
We livestream our recordings Tuesday & Thursdays (and sometimes Fridays when we have wonky schedules) at 7 pm central--Come hang out!
You can join from our Youtube Channel, Facebook Page, or Twitch Stream.
Follow us on our social medias to stay up to date!
Instagram: @between_the_liars https://www.instagram.com/between_the_liars/
Facebook: https://www.facebook.com/pantsonf1re
Twitter: @betweentheliars
