The devil is in the details. Historically tax increases on "corporations" have never gone well for the economy, and certainly don't bring in the revenue expected. No taxes on anyone making under $400k remains to be seen.
The inflation we are going through is caused by like a dozen different things hitting simultaneously. It's a worldwide problem. Completely blaming or completely exonerating Biden is pretty idiotic. He gave out a lot of "free" money, which didn't help, but Trump did, too. Hell, Trump was flipping out at the Fed because they were thinking about raising rates during his administration. It's not like the Republicans weren't all in on easy money themselves. The stimulus packages spanned both administrations. And the economy was potentially about to collapse if they didn't do it, so I get why it was done by both presidents.
For me, we've had two below average presidents in a row. It is what it is. And it's why I appreciate Manchin. He stops every harebrained scheme either of them come up with in its tracks. We need more Machins and McCains. Fewer members of the Borg.
This bill isn't that bad. It's not very big. A fraction of the gargantuan build back better. Will be paid for (remember when bills were paid for before they passed them?) by an increase in corporate taxes. No taxes on anyone making under $400k. Will be awesome for people on Medicare. $2000 oop max. Feds will negotiate medication prices, finally. This is huge. We've been subsidizing the rest of the world's healthcare systems by paying ridiculous drug prices that other countries pay at a fraction of what we pay.
It seems like a lot of give and take took place. And a true centrist was the gatekeeper. I'd rather have Manchin making the call than Schumer, McConnell, Nancy or McCarthy.
I'm looking forward to unbiased analysis of the bill from nonpartisan sources. Which takes time. The cbo isn't magic.
That said... I'm still hoping for Andrew Yang to take over in 2024. #yanggang.