Inflation Reduction Act: 8/12/22 - $740B Bill PASSES, Biden signs it into law!

[Piff Perkins]

BBB sunk for a voting rights bill that will take months to negotiate before republicans shyt can it. I’m done.

Never seen a president held hostage like this by his own party. Manchin officially has to go.

 

[ADevilYouKhow]

WATCH LIVE: Sen. Richard Burr speaks on BBB bill impact on child care providers and families

Was this expected

 

[FAH1223]

 

[AquaCityBoy]

Because of course Manchin wants the most popular provision cut.

Manchin is purposely sabotaging the whole Dem party because he's a dikkriding fakkit who loves the attention. Just look at this shyt:






Dude basking in the attention like an IG thot.

 

[FAH1223]

Because of course Manchin wants the most popular provision cut.

Manchin is purposely sabotaging the whole Dem party because he's a dikkriding fakkit who loves the attention. Just look at this shyt:






Dude basking in the attention like an IG thot.

 

[Armchair Militant]

Manchin got his bipartisan bill. Now he’s trolling his ass off

 

[banner34]

Manchin got his bipartisan bill. Now he’s trolling his ass off

Lol, He officially running for re-election for West Virginia.

 

[the cac mamba]

safe to say at this point that manchin could probably fukk schumer's wife

embarrassing

 

[the cac mamba]

something ive been wondering, and correct me if im wrong; isnt the child tax credit just an advance on your tax return from the next year? like literally coming out of your tax return?

given what i know about americans, im gonna go out on a limb and say most people didnt read the fine print are the dems possibly looking at a backlash to low tax returns next year?

 

[FAH1223]

something ive been wondering, and correct me if im wrong; isnt the child tax credit just an advance on your tax return from the next year? like literally coming out of your tax return?

given what i know about americans, im gonna go out on a limb and say most people didnt read the fine print are the dems possibly looking at a backlash to low tax returns next year?

Manchin wants the bill paid for with the $3 trillion price tag.

But that's what Dems did in the summer when he demanded the bill to be trimmed down.

 

[Hood Critic]

something ive been wondering, and correct me if im wrong; isnt the child tax credit just an advance on your tax return from the next year? like literally coming out of your tax return?

given what i know about americans, im gonna go out on a limb and say most people didnt read the fine print are the dems possibly looking at a backlash to low tax returns next year?

Yes and no to your first question

The 2021 CTC is different than before in 6 key ways:

1. Increases the tax credit amount. The tax credit’s maximum amount is $3,000 per child and $3,600 for children under 6.
2. Makes the credit fully refundable. Even if you don’t owe taxes, you could get the full CTC refund.
3. Removes the minimum income requirement. You can have zero income and still claim the CTC.
4. Raises the qualifying age. Children 17 and under can qualify for the credit.
5. Provides advance payments. If you already qualify for the current CTC when you filed your 2020 tax return (which you file in 2021), you can start receiving part of the new credit during 2021. You don’t have to wait until you file your 2021 tax return (which you file in 2022). The IRS will send you monthly payments for half your new credit between July and December 2021.
6. Lowers the phase out rate. The CTC amount will start to gradually decrease starting at $75,000 ($150,000 for married couples and $112,500 for head of household).

Unfortunately, yes to your second question because essentially most people don't understand the fine print.

 

[King Kreole]

 

[AquaCityBoy]

Good thing all the House 'progressives' caved amirite?

Those 'assurances' they got really went a long way in the Sentate.

 

[the cac mamba]

so they're shelving BBB, to move forward with voting rights instead, which is already DOA with the filibuster?

merry christmas

imagine the sheer amount of fukking pork they could have cut out to get it more reasonable. pelosi's 200 million dollar park

 

[the cac mamba]

well, since BBB is officially outta the news



if this was france in 1800, she'd be burned at the stake