Instead of placing restrictions on the Fed and Treasury or applying a gold standard to curb unchecked money creation, their idea of reducing rampant inflation is taking more money away from income earners through more taxation.
From NBC News, here's what's in the Bill:
$739 billion in revenue:
15% Corporate Minimum Tax, $313 billion.Prescription Drug Reform, $288 billion.IRS Tax Enforcement, $124 billion.Close Carried Interest Loophole, $14 billion.
$433 billion in spending:
Energy and Climate, $369 billion.Affordable Care Act Subsidies $64 billion (Notably a three-year e