(Total Views: 225)
Posted On: 02/24/2023 9:41:29 PM
Post# of 126826
Re: Steel Reserve #101169
Nice bit of projection on your part about sheep and self interest.
The Infrastructure Bill and the Science and Chips Bill are both more in the interest of rural America than anything Trump ever did.
Here's the entire Bill. You really have to be a f'ing moron and a sheep not to want Medicare to be able to negotiate drug prices. Or let companies with over $1B if income not pay a minimum tax.
Provisions
Over a period of 10 years, the law is estimated to raise revenue from:[28][29][30]
Prescription drug price reform to lower prices, including Medicare negotiation of drug prices for certain drugs (starting at 10 new ones per year by 2026, increasing to more than 20 additional ones per year[31] by 2029)[32][33] and rebates from drug makers who price gouge – $281 billion[4][32][33][34]
Imposing a selective 15% corporate minimum tax rate for companies with higher than $1 billion of annual financial statement income – $222 billion
Increased tax enforcement – $181 billion[4][35]
Imposing a 1% excise tax on stock buybacks – $74 billion
2-year extension of the limitation on excess business losses - $53 billion[4]
In the same time period, it would spend this revenue on:[28][36]
Addressing domestic energy security and climate change, including funding for drought resiliency in western states – $391 billion
Deficit reduction – $238 billion[4]
Continuing for three more years the expansion of Affordable Care Act subsidies originally expanded under the American Rescue Plan Act of 2021 – $64 billion
Increased funding for the IRS for modernization and increased tax enforcement – $80 billion[35][37]
The Infrastructure Bill and the Science and Chips Bill are both more in the interest of rural America than anything Trump ever did.
Here's the entire Bill. You really have to be a f'ing moron and a sheep not to want Medicare to be able to negotiate drug prices. Or let companies with over $1B if income not pay a minimum tax.
Provisions
Over a period of 10 years, the law is estimated to raise revenue from:[28][29][30]
Prescription drug price reform to lower prices, including Medicare negotiation of drug prices for certain drugs (starting at 10 new ones per year by 2026, increasing to more than 20 additional ones per year[31] by 2029)[32][33] and rebates from drug makers who price gouge – $281 billion[4][32][33][34]
Imposing a selective 15% corporate minimum tax rate for companies with higher than $1 billion of annual financial statement income – $222 billion
Increased tax enforcement – $181 billion[4][35]
Imposing a 1% excise tax on stock buybacks – $74 billion
2-year extension of the limitation on excess business losses - $53 billion[4]
In the same time period, it would spend this revenue on:[28][36]
Addressing domestic energy security and climate change, including funding for drought resiliency in western states – $391 billion
Deficit reduction – $238 billion[4]
Continuing for three more years the expansion of Affordable Care Act subsidies originally expanded under the American Rescue Plan Act of 2021 – $64 billion
Increased funding for the IRS for modernization and increased tax enforcement – $80 billion[35][37]
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