Tag: Inflation Reduction Act

Biden proposes $1 trillion in social spending cuts after announcing $375 million more for war in Ukraine

Tina Marie (Ms. Cat)1 Comment

At a press conference Sunday following the G7 summit in Hiroshima, Japan, President Joe Biden called on Republican House Speaker Kevin McCarthy to meet face to face to revive talks on a bipartisan plan to slash social spending in return for raising the nation’s debt ceiling and averting a default.

Biden proposes $1 trillion in social spending cuts after announcing $375 million more for war in Ukraine

IRS audits Black taxpayers more often than other groups, agency confirms

Tina Marie (Ms. Cat)

The Internal Revenue Service audits Black taxpayers at significantly higher rates than other Americans, Commissioner Daniel Werfel told lawmakers Monday, confirming earlier findings by researchers at leading universities and the Treasury Department.

IRS audits Black taxpayers more often than other groups, agency confirms

Related:

The IRS Targets Black Taxpayers, Researchers May Have Uncovered Why

Consistent underfunding of the IRS means it’s a lot easier for them to go after someone who is low-income and qualifies for the EITC than it is to go after someone with a million lawyers hiding money in the Cayman Islands.

Targeting the rich for their tax-related shenanigans takes some major coins, and the IRS severely lacks the funds it would need to do that. Unfortunately, that means they’re more likely to knock on the doors of people just trying to get by.

Good thing Republicans are trying to repeal IRS funds?! /sarcasm

Democrats Said No One Is Coming To Take Your Gas Appliances – They Lied

Tina Marie (Ms. Cat)

In February of this year Democrats and climate activists seized on a study published by a group called Rocky Mountain Institute (RMI), and the conclusions of the paper sent alarmists into a frenzy – Claiming they had evidence that natural gas based appliances including gas stoves create emissions that are dangerous to human health, causing asthma and impairing cognitive development, specifically in children. The Biden Administration’s Department of Energy reviewed the study and discussion mounted over the possibility of an incremental ban on various gas appliances, including up to 50% of gas stove models.

Democrats Said No One Is Coming To Take Your Gas Appliances – They Lied

Don’t need birth control, to control population growth, if you just keep bombing people!

America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage + manufacturing chips in the US could make smartphones more expensive

Tina Marie (Ms. Cat)

America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage

Another possible fix would be to keep people in the workforce longer, by raising the age at which workers can begin collecting Social Security or tapping into their pensions or 401(k)s. Yet Harry Holzer, a former US Department of Labor chief economist now at Georgetown University, says that neither feels politically feasible right now. Immigration has been a toxic issue in American politics for years, and Social Security has long been an untouchable entitlement. “None of that is doable,” Holzer says, which means “our labor force growth is going to continue to be modest.”

Related:

How manufacturing chips in the US could make smartphones more expensive

Morcos says a top concern of his is the narrowness of the CHIPS Act. Without bringing related device manufacturing back to the U.S., such as device batteries, sensors, cameras, antennas, and hundreds of other components, the manufacturing process could require the most critical component to be produced stateside, then shipped overseas to be assembled with hundreds of other components into a device that is then shipped back to the U.S. for the American consumer.

Work longer, for less pay, and you still won’t be able to afford the latest smartphone or laptop?! 🤷🏼‍♀️

More Biden Oil And Gas Restrictions Are On The Horizon

Tina Marie (Ms. Cat)

Despite pleading with oil and gas companies to boost their output in recent months, to tackle global shortages and rising prices, President Biden is once again hitting the industry hard by proposing a greater emissions reduction in operations. And he’s not the only one, as the U.K. and EU look to reduce gas flaring and venting practices to curb their methane emissions in line with climate pledges.

More Biden Oil And Gas Restrictions Are On The Horizon