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The $2000 annual out-of-pocket limit for Medicare Prescriptions will positively impact a large number of citizens. Mostly seniors but also disabled that are on Medicare.
The ACA subsidy extension will help a lot of people that retire before age 65 and buy ACA policies before qualifying for Medicare at age 65.
Any drug price reductions (IF they ever happen) don’t kick in for at least 3 years.
The only benefit I can see is for the Obamacare program - it keeps the Covid benefits in place, even though Covid is over. Cost is to the Taxpayers.
Quote:
Originally Posted by lottamoxie
Untrue.
For me, it means 3 more years of reduced monthly ACA healthcare premiums! The expanded premiums were due to expire at the end of this year. Those have been very helpful, keeping my healthcare costs contained.
Also, more people will continue to qualify for healthcare subsidies on the ACA, with higher levels of income. That will greatly benefit those who hadn't previously qualified for subsidies due to their income. That could mean savings of $1K/month, possibly more, depending.
For those on Medicare, costs for certain medicines should be lower (TBD).
Haven't gone through the bill to see what else, those items jumped out at me right away.
Main thing all of us will see (other than the ObamaCare Welfare Benefit Subsided premium) is the new AND Immediate TAX on Fossil Fuel. Gasoline prices UP, Natural Gas for heating & Electricity UP.
Quote:
Originally Posted by TMSRetired
So the government is subsidizing people to offset inflated prices …. Welfare
Yep — but never forget - Biden says it’s the most HISTORIC bill in History.
LIV’s rejoice.
Like how will it affect my salary? How much extra will I be paying? How will I be affected?
It shouldn't directly affect your tax liability at all if you didn't cheat on your taxes. Perhaps.
Indirectly, it'll cost you a lot because it will increase inflation in spite of its name. Virtually everything will increase in price. It's never a good thing when we or the government spend money we don't have. The push toward "green" is undetermined, but most likely, in my opinion, the price of fuel will increase dramatically after the midterms which causes just about everything we buy to get more expensive. I wouldn't be surprised to see gas rationing.
Like how will it affect my salary? How much extra will I be paying? How will I be affected?
1. Your salary will remain on the trajectory as per the last few years.
2. Prices will undoubtedly increase in a relativistic sense.
3. Some EV prices have already jumped by the $7,500 new subsidy. Except A. the subsidy doesn't apply save for just a couple of EVs B. Same for batteries.
4. Your chances of an IRS audit have increased.
5. The chances of something expensive, shiny and new being built or R&R'd within 100 miles of you are decent - something that really matters to you........nearly zero.
I don't see them as dumb... actually smart slick snake oil sales persons
democrats are so slick and forked tongued, they could sell Ice Water to Eskimos
They are dumb because they think getting rid of fossil fuels when we are probably 30 years away from good alternatives will be great for this country. If they really understood what they are advocating then they wouldn’t do it:
They are dumb because they think getting rid of fossil fuels when we are probably 30 years away from good alternatives will be great for this country. If they really understood what they are advocating then they wouldn’t do it:
I think they know what they are selling....more taxes on the people
I don't look at democrats and say they are dumb...I look at democrats and say (with certainty) they are liars
They are dumb because they think getting rid of fossil fuels when we are probably 30 years away from good alternatives will be great for this country. If they really understood what they are advocating then they wouldn’t do it:
It's not just the US doing this. This is happening all over the world in first world countries. It's a global agenda
Would anybody provide proof+sources that this bill will increase, rather than decrease, the federal deficit? My question is in good faith. The waters are muddied.
Would anybody provide proof+sources that this bill will increase, rather than decrease, the federal deficit? My question is in good faith. The waters are muddied.
Really ? According to the CBO...EVERY spending bill reduces the deficit
Only we find out years later that it wasn't quite true...logic alone should tell you spending money you don't have will not reduce any debt you have.
And here we sit.....almost $31 trillion in debt with a declining workforce and China and Japan reducing their holdings of our Treasuries
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