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From: #porkflation_nancy_pelosi@twitter.com
In article
governor.swill@gmail.com wrote:
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> ...I spent all night taking it up the ass and still didn't get pregnant.
>
When you’re being driven over a fiscal cliff, it helps to have
someone willing to hit the brakes.
That someone is Sen. Joe Manchin, D-W.Va, who has essentially
blocked Senate Majority Leader Charles Schumer, D-N.Y., from
leadfooting the country into even higher rates of inflation.
Schumer has been trying to negotiate a budget reconciliation
deal with Manchin in hopes of passing a bill before the August
recess. But all bets are off following a new report showing that
prices have jumped 9.1% over last year.
That’s the fastest rise in inflation since 1981.
The worst thing would be to take any action which could shoot
that number higher.
One of the bill’s provisions includes a proposed 3.8% tax on
pass-through business income earned by wealthy individuals and
couples.
That, the Hill reported, was a key red flag for Manchin.
“If anything, it needs to be scrubbed much better,” Manchin
said. There have been complaints that this pass-through tax will
hit small businesses, potentially spiking inflation.
“Everyone should be extremely cautious because you cannot do a
thing right now that’s going to add or be inflammatory to
inflation,” he said.
Democrats on Capitol Hill are happy to pass spending bills —
after all, it’s not their money. The narrative that inflation
could be tackled by spending even more cash, well, we’ve seen
how that’s turned out.
And yet here we are, with Schumer and other Democrats chugging
along on the reconciliation bill, hoping to wrap it up before
the deadline that would open it to a GOP filibuster Sept. 30.
Calls for student loan debt forgiveness continue, despite the
price tag.
The inflation spike was enough for Manchin to pull back, saying
he’s not sure if he can support a bill that includes anything
beyond a proposal to give Medicare power to negotiate lower
prescription drug prices.
“We know what we can pass is basically the drug pricing, OK? —
on Medicare,” he told reporters Wednesday. “Is there any more we
can do? I don’t know but I am very, very cautious.
“And I’m going to make sure that I have every input on scrubbing
everything humanly possible that could be considered
inflammatory,” he said.
“Basically, take your time and make sure we do it and do it
right. We can’t afford mistakes in the highest inflation we’ve
seen in the last 40 years.”
Taking the time and doing it right should be a basic premise of
good government, but we live in hyper-partisan times where
rushing through legislation in the hopes of beating the other
side of the aisle to the punch is the order of the day.
Manchin and some of his Republican colleagues are turning the
conversation back to the American people.
In referencing how raising taxes on pass-through businesses
(restaurants, construction companies, doctors’ and dentists’
offices, family-owned stores and the like) will increase costs
for consumers, Sen. John Cornyn, R-Texas, noted “They can’t
absorb those additional causes. They would have to increase
their prices and that would exacerbate inflation.”
Politicians need to step back from party politics and focus on
struggling Americans.
“People are hurting,” Manchin said.
Congress, what are you going to do about it?
https://www.bostonherald.com/2022/07/15/editorial-note-to-dems-
dont-make-inflation-worse/
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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