Plus, will Nancy Pelosi cause an international incident next week?
Just a couple of weeks ago, West Virginia Sen. Joe Manchin said he needed to see another month’s inflation numbers before he could vote for a sprawling bill he’d been negotiating with Senate Majority Leader Chuck Schumer to address climate change and raise taxes on large corporations. Schumer, pissed, washed his hands of it and said the plan instead was to vote on what they hadagreed on before August recess. To most observers, that appeared to be the end of the Big Bill.
The Inflation Reduction Act, as it's called, would extend enhanced ACA subsidies, set a 15 percent corporate minimum tax, allow Medicare to negotiate drug prices, devote over $300 billion to new clean energy tax breaks and subsidies, close the carried-interest tax loophole for rich finance dopes, and devote $300 billion to deficit reduction.
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