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Republican Senator Says Inflation Reduction Act Will ‘Lead to a Worse Recession’_我的网站

A |     Republican Senator Bill Cassidy has argued that an energy and healthcare reconciliation bill, called the Inflation Reduction Act of 2022 and supported by Chuck Schumer and Joe Manchin, could lead to a recession despite its sponsors’ assertions that the bill would help tackle rising prices.,Speaking to ABC News on Sunday, Cassidy said that “It [the bill] may be disinflationary by causing a recession. They’re interjecting an incredible amount of uncertainty into the economy just as we entered a recession.”,“Much of what he says about this bill is just not true” the Republican added, referring to Manchin’s earlier comments on the ABC News, in which the West Virginia Democrat in particular reiterated his support of the bill after claims that the measure could increase inflation over a year and a half.,Cassidy claimed that the bill would raise taxes and lead to higher costs for consumers, adding, “I think what we’re doing is inducing [manufacturers] to move to Asia. You can have a disinflationary program by causing a recession. I think this is going to lead to a worse recession.”,He spoke as Republican Senator Mike Crapo cited not­-partisan data as indicating that the Manchin­-Schumer deal on the reconciliation bill would “raise billions of dollars in taxes on Americans” earning less than $400,000 annually.,Crapo pointed to an analysis conducted by the Congressional Joint Committee on Taxation (JCT), which also found that taxes would soar by about $16.7 billion on US taxpayers making less than $200,000 in 2023 and raise another $14.1 billion on those who earn between $200,000 and $500,000.,Referring to the Manchin­-Schumer deal, the Senate GOP argued that “Americans are already experiencing the consequences of Democrats’ reckless economic policies” and that “the mislabeled ‘Inflation Reduction Act’ will do nothing to bring the economy out of stagnation and recession.”,“The more this bill is analyzed by impartial experts, the more we can see Democrats are trying to sell the American people a bill of goods,” Crapo, who sits on the Senate Finance Committee as a ranking member and who requested the JCT analysis, asserted.,Ashley Schapitl , a spokesperson for the Senate Finance Committee’s Chair Ron Wyden, in turn insisted that families “will not pay one penny in additional taxes under this bill.”,Schapitl claimed that the JCT analysis isn’t complete because “it doesn’t include the benefits to middle-class families of making health insurance premiums and prescription drugs more affordable. The same goes for clean energy incentives for families.”,Joe Manchin, Chuck Schumer Reach Deal on Climate, Energy, and Taxes in Surprise Announcement27 July, 23:41 GMT,This comes after Senate Majority Leader Schumer and Democratic Senator Manchin announced a deal last Wednesday on the energy and health care bill, a scaled-down version of the Build Back Better Act that the West Virginia Democrat Manchin repeatedly stymied last year.,“After many months of negotiations, we have finalized legislative text that will invest approximately $300 billion in Deficit Reduction and $369.75 billion in Energy Security and Climate Change programs over the next 10 years,” the two senators said in a joint statement after clinching the deal.,According to them, “the investments will be fully paid for by closing tax loopholes on wealthy individuals and corporations.” They added that the new agreement aims to "reduce carbon emissions by roughly 40 percent by 2030" and address inflation while also reducing the deficit.,Republicans were quick to lash out at the agreement, with Texas Senator John Cornyn slamming the new document as “Manchin’s New Build Back Broke Bill”. Cornyn insisted that “Raising taxes on job creators, crushing energy producers with new regulations, and stifling innovators looking for new cures will only make this recession worse, not better.”,In a separate development last week, President Joe Biden argued that the US economy is "on the right path" despite the GDP taking a plunge, and pushing the country into a technical recession.,“It's no surprise that the economy is slowing down as the Federal Reserve acts to bring down inflation. Even as we face historic global challenges, we are on the right path and we will come through this transition stronger and more secure,” POTUS said.,Earlier, the Commerce Department stated that the country’s GDP contracted by 0.9% in the second quarter of this year after a first quarter drop of 1.6%, in a preliminary estimate that technically placed the economy in a recession.,This followed the White House arguing that “while some maintain that two consecutive quarters of falling real GDP constitute a recession, there are other factors that need to be taken into account. Conservatives were having none of it." The claims provoked flak from Republicans, with Donald Trump Jr. tweeting that “apparently the White House is changing the definition of recession this week so we can pretend that we're not in one.”。    10月7日，市委书记高键，市委副书记、市长王庆海会见方大集团董事局主席方威一行，双方就深化合作进行座谈交流。         　　高键代表市委、市政府对方威一行表示欢迎，对方大集团长期以来为抚顺振兴发展作出的贡献表示感谢。

B | 他说，当前，抚顺正在深入学习贯彻党的二十届三中全会精神，坚决贯彻落实习近平总书记关于东北、辽宁全面振兴重要讲话和指示批示精神，按照省委、省政府部署要求，全力实施全面振兴新突破三年行动。方大集团作为从抚顺走出去的跨行业、跨地区、多元化的大型企业集团，具有深厚的家乡情怀，多年来始终与抚顺保持着良好的合作关系。希望方大集团把抚顺放在战略布局更加重要位置，谋划实施一批补链延链强链项目，大力支持抚顺现代化产业体系建设，在深化务实合作中实现互惠互利、共赢发展。抚顺将持续优化营商环境，真诚欢迎企业加大回抚投资力度，全力支持企业发展壮大。

C |          　　方威对抚顺市委、市政府长期以来给予方大集团的支持表示感谢，并简要介绍了企业发展情况。他表示，作为抚顺人，将始终把助力家乡经济社会发展作为己任，继续发挥企业优势，找准深化合作切入点，持续优化在抚产业布局，加大资源倾斜和投入，为推动抚顺经济社会高质量发展贡献方大力量。         　　市领导王金华，方大集团副总裁孙栋、孙贵臣，东洲区、望花区和市直相关部门主要负责同志参加。                    责任编辑：李丹。

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