IT: 🖋 Biden signs Inflation Reduction Act into law, and... Should more countries make period products free?
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Welcome to Wednesday, August 17th, frogs and toads...
President Joe Biden signed Democrats’ climate change, tax, and healthcare bill into law yesterday.
The House on Friday approved the measure on a party-line vote of 220-207. It passed the Senate earlier in the week with Vice President Kamala Harris breaking a 50-50 tie in the upper chamber.
The Inflation Reduction Act of 2022 will fight inflation, invest in domestic energy production and manufacturing, invest in environmental justice, create new corporate tax rates, lower drug prices, and more.
How do you feel about the Inflation Reduction Act?
Scotland Makes Period Products Free - Should More Countries Do The Same?
In a landmark piece of legislation approved by Scotland’s Parliament, period products are now free across the country. Scotland is the first country in the world to provide free menstrual products in an effort to end “period poverty” — the lack of accessible and affordable tampons and sanitary pads.
Period products cost the average menstruating individual thousands of dollars in their lifetime. Due to this cost, period poverty affects millions of people worldwide — nearly 500 million.
Do you want your government to offer free menstrual products?
‘Forever Chemicals’ in Rainwater, Study Finds
A new study found that "forever chemicals" in rainwater often greatly exceed drinking water health advisory levels set forth by various environmental agencies. The study by Stockholm University reported that worldwide rainwater contains per-and poly-fluoroalkyl substances (PFAS) which are a hazard to global human health.
Rainwater exceeds the U.S. Environmental Protection Agency’s lifetime drinking water health advisory levels, the Environmental Quality Standard for Inland European Union Surface Water, and Danish drinking water limits. The water quality guidelines deem rainwater as now unsafe to drink.
Do you want your drinking water to be tested for PFAS?
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Trump and lawyers do want it released ... but with no redactions.
So Donald's (temporary?) lawyers didn't fight the release of the affidavit, but they also didn't fight for it. I wonder if they really want it to become public or not.
Again, it doesn't have to be this way. Donald can release the surveillance video he claims to have, but he hasn't. He can tell us what the documents were and why he actually took them, but he hasn't.
And he can show us his now-7-years-overdue tax returns, and he hasn't.
"Truth" is not his brand, and neither is transparency. It's just lies and distraction, and now the DOJ is going to expose him.
And Humpty Dumpty is gone!🤣
https://www.foxnews.com/media/brian-stelter-out-cnn-network-cancels-media-show-reliable-sources
UPDATED RE-POST
This Inflation Reduction Act is not a handout, it is a long overdue investment in our country. It will not instantly stop inflation but it will reduce the impact of inflation in the nearer term by cutting some of the costs that most people have to deal with.
Inflation is an international problem with most of the world experiencing comparable or higher rates of inflation. Clearly, the inflation problem has little to do with with US economic policies. In fact, our healthy economy and wage growth lessons the severity of inflation’s impact in our country from those countries with comparable inflation but no significant wage growth. The current inflationary pressures are less about increasing demand and more about diminished supply.
The current inflation is mostly due to limited supplies because of the long term damage done to critical supply chains by the pandemic and climate change as well as the disregard of the working people, where our government (and some others) did not have the foresight to protect displaced workers - who had little alternatives other than finding different work.
The supply chains remain damaged because it takes a lot of time for the new people hired to manage the flow of things from there to here to gain the experience and develop the expertise needed to effectively manage the all of the processes and regulatory requirements involved; International agreements, National, State and local government regulations all have an impact on the logistics involved in getting stuff from the source, to the carriers, and then to final destinations.
This bill and the chips bill invests in moving some of the production of critical supplies stateside, which is a more robust and secure supply chain for our country. With adequate supply the inflationary pressures go down.
By investing in the future we have the opportunity to become a central hub for critical technologies needed to thwart the coming damages of the increasingly severe impacts of growing climate change. This not only boosts the economy, it will also return more tax revenues to the treasury, cut the deficit and will further reduce the supply side impact on inflation.
This is no less an investment in the future than the major US automakers investments of billions of dollars each to build factories in this country to produce EV batteries. They see a future return on their investments as our country will see a future return on this legislation’s investment.
Before the MAGA cult starts mumbling tax and spend bumper sticker slogans, I want to hear their perspectives on the Republican tax cuts which are removing $700 Billion to $800 Billion annually from the treasury. These permanent tax for the wealthiest people and corporations reduces tax revenues by an estimated $6 Trillion to $9 Trillion over ten years. The tax savings have been mostly hoarded by the wealthiest people or invested in stock buybacks which makes C level executives stock option awards more valuable. Little to none has gone back into the economy. This is trickle down economics where the wealthiest get rich and share their wealth by trickling down on the rest of us.
The wealth gap has grown dramatically during the pandemic as the rich have become much richer and the poor have become much poorer.
This legislation is also a step toward reducing this atrocity.
https://trumpwhitehouse.archives.gov/presidential-actions/memorandum-declassification-certain-materials-related-fbis-crossfire-hurricane-investigation/
Another way to help with inflation by offering period products either tax free or free. Since they are Class II medical devices perhaps they should be part of healthcare supplies along with contraception - a life cycle range of reproductive health supplies made available Esoecially fir those in income levels qualifying for free lunch programs, Medicaid, SNAP, WIC, etc.