Former Treasury secretaries push Manchin bill

  • 📰 axios
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Health Health Headlines News

Health Health Latest News,Health Health Headlines

First look: Five former Treasury secretaries — including Hank Paulson, who served under President George W. Bush — signed a statement strongly backing the Inflation Reduction Act brokered by Chuck Schumer and Joe Manchin.

who signed on are Robert Rubin and Larry Summers , Tim Geithner and Jacob Lew ."As former Treasury Secretaries

of both Democratic and Republican Administrations," the statement says, "we support the Inflation Reduction Act which is financed by prudent tax policy that will collect more from top-earners and large corporations. "Taxes due or paid will not increase for any family making less than $400,000/year. And the extra taxes levied on corporations do not reflect increases in the corporate tax rate, but rather the reclaiming of revenue lost to tax avoidance and provisions benefitting the most affluent.

The selective presentation by some of the distributional effects of this bill neglects benefits to middle-class families from reducing deficits, from bringing down prescription drug prices, and from more affordable energy. This legislation will help increase American competitiveness, address our climate crisis, lower costs for families, and fight inflation — and should be passed immediately by Congress.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Like the Hunter Biden misinformation

That and 10 bucks gets you a Starbuck's coffee!

Oh look, the Elitists have lined up to push another bill. Must be another measure to damage America and push through the Great Reset. After all, Manchin was at the WEF, taking orders to please his Masters.

Just like all of the 'intelligence' officers that said the hunter Biden laptop was Russian disinformation? No one is buying these globalists coming together anymore. No one is fooled.

Further evidence the Bush cohort was and is the enemy of conservatism, just as much as Dems.

Why Doesn’t make any sense.

You mean corrupted former treasury secretaries..

Russian disinformation

Like when the 50 security 'experts' came out and said the Hunter laptop was Russian disinformation?

The strange thing is that these people were once in charge of our treasury department

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 302. in HEALTH

Health Health Latest News, Health Health Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Manchin-Schumer spending bill targets tax loophole favored by investorsThe tax, climate and health care proposal outlined by Democrats this week would close a popular tax loophole used by private equity and hedge fund managers.
Source: FoxBusiness - 🏆 458. / 53 Read more »