(8/8/22) The so-called "Inflation Reduction" Act gets a fresh skin, but it's the same old wine, and its impact on inflation will be to exacerbate the problem further. The newly re-named the "Climate Change & Tax Act" is the same old tax & spend bill as before; the devil is in the details. How the math really works, and why inflation will be lower in 2023, but not down to the Fed's 2% target. 10% of the bill will fund hiring 87k new IRS employees. Stock buy-backs have helped keep stock prices elevated; how new bill's tax buy backs will affect markets. Corporate taxes will be passed on to consumers.
SEG-1: Back to School: Why the Tax Act Will Increase Inflation
SEG-2: Impact of the new Tax & Spend bill
SEG-3: The Genius Behind Democrats' Inflation Reduction Act
SEG-4: Too Early to Say We're at Markets' Bottom
RIA Advisors Chief Investment Strategist Lance Roberts, CIO
Produced by Brent Clanton, Executive Producer
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