Official LRC President Joseph R Biden Thread

and the odds are that if the Rs had had unified gummint after the 2020 election they would have again cut taxes and instead of this amazing fiscal recovery, we'd have a far larger deficit.

but anyway, it seems 80% clear that the price of gasoline is the swing factor here that will decide the future of the nation, not a clear analysis of which party is a responsible steward of the nation's spending and income.

Yeah, that's sort of what Republican spin on the JCT analysis comes down to.

The JCT does not actually say that these individuals will get a tax rate hike. And it doesn't take into account any savings individuals get, like prescription drug savings.

Where's the analysis that says this bill will save trillions on climate change disasters?

Glad you asked. Just the losses in US tax revenue goes up to $2 trillion per year by the end of the century.

But that's just for starters.

We are still waiting on full analysis of the bill, but Jesse Jenkins from Princeton says his early estimate puts emissions reduction from the bill at 800m to 1b tons per year by 2030.

Without this bill, there is no realistic path to meet our climate goals.

And here is what OMB says will happen if we don't change our climate policies. This is limited to the US federal government and doesn't begin to count private losses in the US and around the world.:

Manchin-Schumer bill would reinstate tax on imported oil and petroleum products
Included in the Manchin-Schumer bill is a 16.4 cents-per-barrel tax on crude oil imports

foxbusiness.com

Manchin-Schumer bill would reinstate tax on imported oil and petroleum products

A bill spearheaded by Sens. Schumer and Manchin and supported by Biden would reinstate an excise tax on oil imports, which critics say will be passed on to consumers.

Link:www.foxbusiness.com/economy/manchin-sc...

I already know climate change costs a lot in theory. But how much of that does *this bill* prevent? and how does it compare to what we would save by not spending money or investing elsewhere?

GOP crime blotter

’but her emails’ division

The Defense Department wiped the phones of top departing DOD and Army officials at the end of the Trump administration, deleting any texts from key witnesses to events surrounding the January 6, 2021, attack on the US Capitol, according to court filings.

Example 1 of a million why Dems run the country better.

One of the highest goals of the Dem Party is to get people health insurance. Whereas the Repubs spent a decade trying to take it away.

Now a record percent of Americans have insurance.92%. Thanks Obama.

WASHINGTON – A record low 8% of Americans lacked health insurance at the start of the year, according to an analysis by the U.S. Department of Health and Human Servicesprovided first to USA TODAY.
More than 5 million people have gained coverage since 2020, according to the department’s review of household survey data.
The drop comes after Democrats temporarily boosted insurance premium subsidies and ramped up outreach to help people enroll in Obamacare plans created by the 2010 Affordable Care Act.

from Vindman. Note that in one form or the other Trump took the opposite side of each of these.

Too many talk about US decline. Way too many want an isolationist disengaged America. But look at the last ~24 hours. The US provided Ukraine $500 million in critical military aid, killed the #1 terrorist off in Afghanistan & girded democracy in Taiwan. No one else could do that.

GOP crime blotter, treason division

Two Arizona Republicans recruited by allies of former President Donald J. Trump to join an effort to keep him in office after he lost the 2020 election grew so concerned about the plan that they told lawyers working on it that they feared their actions could be seen as treason, according to emails reviewed by The New York Times.

Kelli Ward, the chairwoman of the Arizona Republican Party, and Kelly Townsend, a state senator, were both said to have expressed concerns to Mr. Trump’s lawyers in December 2020 about participating in a plan to sign on to a slate of electors claiming that Mr. Trump had won Arizona, even though Joseph R. Biden Jr. had won the state.

This bill takes a very substantial amount of GHGs out of the atmosphere and at least gives us a chance to meet our climate goals.

Like I said, the cost of doing nothing on climate is trillions and trillions of dollars. The greater cost is a miserable life for your grandchildren.

amusing that the IRA bill won passage by giving the energy industry goodies. Ah politics. As many have said, you never want to know how sausages are made or how bills get through legislatures.

NYT:

To secure the deal, Democrats had to make some concessions that are likely to displease environmental activists, The Times’s Brad Plumer and Lisa Friedman report.

The bill would require the Interior Department to hold lease sales for oil and gas exploration in the Gulf of Mexico and the Cook Inlet in Alaska.
It expands tax credits for carbon capture technology that could allow coal or gas-burning power plants to keep operating with lower emissions.
Manchin also secured a promise from Democratic leaders to vote on a separate measure to speed up the permit process for energy infrastructure, potentially smoothing the way for projects like a gas pipeline in West Virginia.

The failure of the KS constitutional referendum has changed the midterms. It seems clear that voters are very motivated by the end of Roe and will show up to vote out those who wish to restrict reproductive rights.

538 has had the Ds as favorites to keep the senate for a while

After yesterday's vote predictit flipped also, now making the Ds slight favorites to keep the Senate.

Quite a month Biden has had. Adding this to his long list of legislative triumphs.

Yeah, and there are other goodies for Manchin as well.

Under current law, Toyota will soon hit the 200,000 cap on tax credits for their plugin hybrid cards like the Prius Prime and Rav4 Prime. Thus Toyota will lose the tax credits it currently enjoys on its plugin hybrid vehicles.

Plus the bill has a special carve-out for hydrogen powered vehicles that only Toyota makes.

And, the bill keeps the credit in place for plug-in hybrids, eliminating the 200,000 vehicle cap, even though most experts say we should only incentivize full EVs instead of the hybrids.

What state is home to a 2,000 person US Toyota plant and is the only one that makes hybrid transaxles in North America?

It starts with a "W" and ends with "Virginia".

The democrats discovered strategy. It’s a surprise to us all

nah Dems didn't discover strategy.

the nation is broadly supportive of reproductive rights, and it is a big motivator to get Ds to the polls. That will keep happening, and have a strong effect on midterms and beyond.

I've said for years turning over Roe would help Ds in some ways. We're seeing that now.

You take what you can get, obviously, but when roughly half the country wants - and will apparently get - a Trumper-controlled House....hard for this American to be real thrilled.

Just imagine that. America 2022. One party CLEARLY shows that it's mostly OK with stealing a presidential election. And roughly half of the voters are STILL OK with that party controlling the House of Representatives (you know, cuz of transgenders and illegal farm workers and AOC and stuff.....).

And the Senate, too, of course, if they had their way.