Sciutto: Inflation Reduction Act offers a lesson in compromise

Ahead of a Senate procedural vote Saturday, no Republicans have expressed support for the Inflation Reduction Act. CNN's Jim Sciutto examines provisions within the bill that have been very popular with the GOP in the past. #CNN #News

38 comments

  1. It’s a lesson in legal bribery. Sinema, who won’t be a senator after her next election is trying to grab all the bribes she can before she’s out.

  2. Its a lesson that shows it won’t work – waste of taxpayer money on top of all this inflation!

  3. the lesson: if rich people bribe a senator they’ll get to keep known loopholes to avoid paying their fair share, and the people will get a little taste of something

  4. Tax increase for the bill to fund the savings- corporate tax going up- give me 1 example other than Target/Walmart of costs/taxes going up with a corporation and not being passed on to the consumer? –

    Yes those beer prices at Yankee stadium will go down for sure & maybe the airlines will absob the increase as well like they did with fuel costs.

  5. The Trust Act must not be in The Inflation Reduction Act. Senator Mitt Romney’s Trust Act would cut Social Security. Republicans like Ron Johnson, Marco Rubio, J.D. Vance, Dr. Oz want to cut Social Security. Senator Romney’s Trust Act must NOT in the Inflation Reduction Act.

  6. Manchin and Sinema represented the Republicans perfectly so that Democrats could negotiate against themselves.

  7. Compromise? You mean against themselves? Seems kind of pathetic actually that they had such a weak coalition it felt like Republicans were part of the negotiations.

  8. Federal minimum wage is still 7.25 an hour. If one worked 40 hours, they would earn 800 after taxes. Rent is now 1000 for one bedroom. Not enough to live. Just do the math. Rent:1000. Food:200. Gas:200. Utilities: 150. Car insurance and maintaninence: 100. They would need to make 1650 after taxes to afford.

    1. @Erich Von Molder Right? It’s almost like there isn’t a need for a minimum wage because companies will always pay what they have to in order to secure employees, you could remove all minimum wage requirements tomorrow and companies could start trying to hire at $4/hr, but who would agree to take the job?

  9. I know the minimum wage is still $7.25 but these days many if not most companies pay wages at $10-12/hr now. If you’re still working for a job that still pays $7.25, you’re being screwed. Just proves getting rid of minimum wage and let the market move the wages won’t work in some areas or companies that just want to pay like China (slave wages). Find a job that’ll pay $10 min or higher and let the rest paying lower go bankrupt. We don’t need to move all our jobs back to the US but just move it out of China (authoritarian) to places like Vietnam, Thailand, etc. etc.

  10. Inflation Reduction Act is great but it can’t match Congress’ best Act, the creation of the FED to guarantee inflation.

  11. Can someone please explain the finer points of the β€œSpend your way out of debt” plan, and how taxing people to fund renewable energy systems that are entirely insufficient to handle Americas power needs works?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.