US politics/economy - Inflation Reduction Act to be submitted, deficit reduction, energy

Senators Schumer and Manchin:

• say revised legislative text of inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term reduction act of 2022 will be submitted to parliamentarian for review on Wednesday evening; senate will consider it next week
• say bill will invest about $300 billion in deficit reduction, $369.75 billion in energy security and climate change programs
• say bill will close tax loopholes on wealthy individuals and corporations
• say bill will extend expanded affordable care act program for three years through 2025
• say they have reached agreement with Biden and Pelosi to pass comprehensive permitting reform legislation before the end of this fiscal year

Headlines via Reuters

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Package will includes

• 15% Corporate Minimum Tax $313 billion
• Prescription Drug Pricing Reform $288 billion.
• IRS Tax Enforcement $ 124 billion
• Total deficit reduction $300 Billion

Schumer: