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Podcast: The NeoLiberal Round
Episode: Does The Inflation Reduction Act Bill Passed by Senate Really Reduces Inflation & Lowers Deficit?
Description: The Senate recently passed a bill, dubbed the inflation reduction act aimed at reducing inflation and minimizing its effects while beefing tip the social safety net. But is this workable and how will does taxing the rich pay for this bill without passing costs onto consumers and end users which is usually the case? It then puts us back at square one. (How does this reduce inflation when you increase corporate tax by 15 percent & close loopholes, & then give the IRS 124 billion dollars when needy families could’ve gotten that money? This will ultimately create a 15 % increase in costs because corporations wi...