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Green transition is stitched into the tax code: White House economist
The Hill ^ | 05/10/2024 | TOBIAS BURNS

Posted on 05/10/2024 2:05:53 PM PDT by ChicagoConservative27

White House Council of Economic Advisers Chair Lael Brainard dismissed the notion that Republicans would be able to easily reverse the sustainable energy provisions passed in the 2022 Inflation Reduction Act (IRA) even if they win majorities in the general election this fall.

By building the energy transition into the tax code and incentivizing businesses and households to change their behaviors rather than compelling them to do so with more top-down spending initiatives, the Inflation Reduction Act is insulated from any quick-and-dirty policy corrections that may be desired by a new Congress or presidential administration, Brainard argued Friday.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: code; green; tax; transistion
We will all be poor and freezing soon enough because of this green crap.
1 posted on 05/10/2024 2:05:54 PM PDT by ChicagoConservative27
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To: ChicagoConservative27

This is allll based on the John Roberts decision. Now, EVERYTHING is a tax.


2 posted on 05/10/2024 2:08:06 PM PDT by FrankRizzo890
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To: ChicagoConservative27

That’s how government forces a lot of things. Subsidize certain things, penalize other things. All thru the tax code.


3 posted on 05/10/2024 2:36:08 PM PDT by vpintheak (Sometimes you’re the windshield, sometimes you’re the bug. )
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To: ChicagoConservative27

There is not a damn thing Congress can enact that it cannot repeal. The lady’s full of tuna chum,


4 posted on 05/10/2024 2:38:45 PM PDT by Migraine ( )
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To: ChicagoConservative27

There is not a damn thing Congress can enact that it cannot repeal. The lady’s full of tuna chum,


5 posted on 05/10/2024 2:40:17 PM PDT by Migraine ( )
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To: ChicagoConservative27

this pretty much guarantees things go kinetic at some point


6 posted on 05/10/2024 3:13:17 PM PDT by mo ("If you understand, no explanation is needed; if you don't understand, no explanation is possible)
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To: ChicagoConservative27

“transition”

There’s that word again.


7 posted on 05/10/2024 3:16:03 PM PDT by packagingguy
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To: Migraine
The Inflation Reduction Act is insulated from any quick-and-dirty policy corrections that may be desired by a new Congress or presidential administration, Brainard argued Friday.

Keep thinking that idiot as Trump and congress dump all this garbage in the first week.

8 posted on 05/10/2024 3:31:09 PM PDT by usurper (AI was born with a birth defect.)
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To: ChicagoConservative27

I’m in New England.

It tends to be a rather cloudy place from my experience.

The roofs with solar cells I saw looked ridiculous.

People that are solar lovers in New England who think they can ‘save the planet’ need to have their solar panels placed in a better region - say Africa.


9 posted on 05/10/2024 3:32:08 PM PDT by Brian Griffin
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To: ChicagoConservative27

Green transition old wives’ tale , LOL


10 posted on 05/10/2024 3:57:53 PM PDT by butlerweave
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To: Brian Griffin

Burning wood is the best solution for many, if you have that option.


11 posted on 05/10/2024 4:00:47 PM PDT by MSF BU
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To: Brian Griffin

Burning wood is the best solution for many, if you have that option.


12 posted on 05/10/2024 4:00:47 PM PDT by MSF BU
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To: ChicagoConservative27

So says America’s Hjalmar Schacht (Hitler’s economist).


13 posted on 05/10/2024 4:05:34 PM PDT by Bookshelf
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To: usurper

I agree. These libs forget that there’s still a Constitution even if they can’t stand it, won’t live by it if they can get away with it.


14 posted on 05/10/2024 4:17:48 PM PDT by Migraine ( )
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To: ChicagoConservative27

Pass a flat tax. Low tax rate with few deductions. Problem solved.


15 posted on 05/10/2024 5:34:19 PM PDT by Bubba_Leroy ( Dementia Joe is Not My President)
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To: FrankRizzo890; All
Thank you for posting FrankRizzo890.

"This is allll based on the John Roberts decision. Now, EVERYTHING is a tax."


Whatever the post-FDR era law schools are teaching students, its evidently not the federal government's constitutionally limited powers as the drafters of the Constitution had intended for those powers to be understood.

In fact, John Roberts and his colleagues don't seem to understand that the Supreme Court has historically clarified that Congress's power to appropriate taxes is likewise constitutionally limited, evidenced by the excerpts below.

Consider that one of the main problems with taxes is that the corrupt, post-17th Amendment ratification (popular voting for federal senators) Congress is greatly abusing is abusing its repealable 16th Amendment power (direct taxes) to appropriate taxes, Congress not able to reasonably justify probably most taxing and spending under its constitutional, Article I, Section 8-limited powers and a few other constitutionally enumerated expenses.

Also consider the following excerpts from the writings of respected constitutional experts which indicate that the Roberts Court got Obamacare wrong imo, the states still uniquely having the 10th Amendment power to make, tax and spend for INTRastate healthcare policy, including to stop the spread of disease.

Since corrupt, constitutionally undefined political parties have pirated control of state and federal governments, it's now up to Democratic and Republican Trump supporters to do the following. Trump's supporters need to support him with new state and federal lawmakers and executives in November so that he will not be a lame duck president from the first day of his 2nd term, the new Congress also supporting him to quickly finish draining the swamp.

16 posted on 05/10/2024 7:02:14 PM PDT by Amendment10
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To: ChicagoConservative27

This dude is an idiot. If his position is correct, a previous and dissolved Congress has MORE authority than a current Congress. If that becomes the case, the current Congress could forbid tax increases, and a future Congress would be hamstrung. No. Every Congress is equally as powerful as all previous Congresses.


17 posted on 05/10/2024 7:17:30 PM PDT by Sgt_Schultze (When your business model depends on slave labor, you're always going to need more slaves.)
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