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Inflation Reduction Act savings calculator:
How much you may save with tax credits, discounts

Original Article

Posted By: SkyTexas, 8/17/2022 6:29:45 PM

WASHINGTON -- The Inflation Reduction Act, a $739 billion measure signed into law by President Joe Biden on Tuesday, levies a 15% minimum tax on large corporations and marks the most significant climate legislation in U.S. history. Meanwhile, the law will reduce the federal deficit by $305 billion over roughly the next decade, according to the nonpartisan Congressional Budget Office. (Snip) Americans can determine the financial benefits available to them under the law with help from a savings calculator created by Rewiring America, a nonprofit that aims to achieve energy efficiency through the electrification of "everything in our communities."


They MSM sleazeballs don't even try to hide their bias anymore. Nary a word here about what this monstrosity will cost the average American.

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Reply 1 - Posted by: Subsuburban 8/17/2022 6:40:14 PM (No. 1251407)
Somebody needs to do some elementary math. Our national debt--not the deficit--is about $30,000,000,000,000.00. THIRTY TRILLION DOLLARS. A projected reduction OVER TEN YEARS of $305,000,000.00 is about a .01% reduction. Get that? It is about as close to ZER0 PERCENT as you can get and thus is mathematically insignificant. Meanwhile, does anyone think that the government will not ADD to the deficit each and every year? Puhleeze!
14 people like this.

Reply 2 - Posted by: MickTurn 8/17/2022 6:42:37 PM (No. 1251410)
Calculator? Oh, right, the Joey Calculator that we get ZERO and He gets it all to hand out to his criminal Cronies!
4 people like this.

Reply 3 - Posted by: DVC 8/17/2022 6:48:00 PM (No. 1251419)
Save??? No, I guarantee that I will be worse off. Dems always make me worse off. Always. I have a lifetime of experience. with getting screwed over by Dems.
13 people like this.

Reply 4 - Posted by: privateer 8/17/2022 6:49:49 PM (No. 1251422)
It will take us nearly 3 years to 'save' the value of the weapons joey gave to the Taliban. It will be hilarious when the sand-fleas stiff him for his 30%. Yeah, his rates went up when he usurped the Presidency.
3 people like this.

Reply 5 - Posted by: czechlist 8/17/2022 6:50:52 PM (No. 1251425)
The "calculator" is a product of a green energy ngo which makes it biased and unreliable.
6 people like this.

Reply 6 - Posted by: TarAndFeathers 8/17/2022 6:58:35 PM (No. 1251435)
As Adam Smith might say: Booshwah!
1 person likes this.

Reply 7 - Posted by: Illinois Mom 8/17/2022 7:01:33 PM (No. 1251438)
Do these people know that under Trump prescription drug prices were low? Insulin was virtually free? Biden came in an undid all of that. Now he redoes what Trump had done and claims it as his own. This "Rewiring America" is another joke. Have any of these people ever driven across the country? Our cabin in northern Wisconsin didn't have electricity of any kind until 1945. We got our first landline phone in 1977. We've never had cable, everything is still satellite, being three miles from the nearest neighbor and nine from the nearest town doesn't bode well for getting any "rewiring" any time soon. There are similar places all over the country. These people are delusional. What is wrong with our Representatives that they would pass something like this? Is it really all about the money and cocktail party invitations? It is of course. There seems to be a good crop among the primary winners. We MUST get as many elected as possible this November and shut this garbage down.
4 people like this.

Reply 8 - Posted by: franq 8/17/2022 7:10:58 PM (No. 1251454)
A third grader could be made to understand the effect of taxing a corporation more. Inflate your tires!
5 people like this.

Reply 9 - Posted by: chance_232 8/17/2022 7:33:09 PM (No. 1251473)
According to the calculator I can save up to 30,000$!!!!!!!! But I have to spend upwards of 150,000$ to be eligible for those "tax cuts".
5 people like this.

Reply 10 - Posted by: 66Strat 8/17/2022 7:46:30 PM (No. 1251482)
First thing we learned in high school economics: Businesses and don't pay taxes, customers do. It is so simple it screams to be taught, yet our schools teach Communism.
3 people like this.

Reply 11 - Posted by: MDConservative 8/17/2022 7:56:48 PM (No. 1251488)
"Rewire America"'ve got to spend a lot to save a little. And how any of this relates to reducing inflation...I don't see it. #1 has it exactly right.
1 person likes this.

Reply 12 - Posted by: john56 8/17/2022 8:00:12 PM (No. 1251489)
I ran the calculator. Nada for me. Well, unless I spend tens of thousands of dollars on new, poorly tested new technology, I might get back $13,000 in ten years . But I could be taking a dirt nap at room (or underground) temperature.
2 people like this.

Reply 13 - Posted by: udanja99 8/17/2022 8:09:03 PM (No. 1251496)
The key word in the headline is “may”.
3 people like this.

Reply 14 - Posted by: mjwall69 8/17/2022 9:11:04 PM (No. 1251552)
So stupid. Go spend $100,000 to get new windows, doors, and insulation in your house and we'll give you a $1200 tax credit; hope you itemize and keep all the receipts since they're about to assign every family their own auditor.
4 people like this.

Reply 15 - Posted by: scottj 8/17/2022 9:52:08 PM (No. 1251581)
ABC is democrat propaganda. They are liars. Do not believe anything they say.
3 people like this.

Reply 16 - Posted by: watashiyo 8/17/2022 10:08:19 PM (No. 1251594)
Another Bill to increase the number of working poor and decrease the number of middle-class.
1 person likes this.

Reply 17 - Posted by: snakeoil 8/17/2022 10:09:47 PM (No. 1251597)
I performed a precise calculation. Saving: $ 0.00. Cost $ 739 billion.
3 people like this.

Reply 18 - Posted by: jalo1951 8/17/2022 10:14:34 PM (No. 1251602)
And this children is why THEY are scared sh****ss of Donald Trump. I want someone to ask one of these nitwits if people are having a difficult time filling up their cars and buying groceries and other necessities all your crapass "BS tax credits" meaningless. Let's see, feed the kids or take a huge loan out to get windows that cost too much even with a credit. Its time to take these people down.
2 people like this.

Reply 19 - Posted by: CactusStar 8/17/2022 10:47:55 PM (No. 1251629)
It would be interesting to find out how they estimated inflation, the present value of future benefits, and lost opportunity costs. I guarantee that the typical buyer would make a greater return remodeling the kitchen and baths than putting similar money into solar panels.
3 people like this.

Reply 20 - Posted by: JimBob 8/18/2022 12:26:54 PM (No. 1252213)
The article at the All Biden Channel (used to be the All Barack Channel) conveniently failed to mention the Extra Cost you will be Paying for Electricity, Food, Gasoline and other items to which this 'Bill' adds taxes. The 'Inflation Reduction' is only in the title. The 'Rats used that so that they could claim it is a 'financial reconciliation' bill, enabling them to abuse the legislative process and Jam it through the Senate on a 50+1 vote 'Simple Majority' and bypass the Senate Filibuster rules.
0 people like this.

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Inflation Reduction Act savings calculator:
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Posted by SkyTexas 8/17/2022 6:29:45 PM Post Reply
WASHINGTON -- The Inflation Reduction Act, a $739 billion measure signed into law by President Joe Biden on Tuesday, levies a 15% minimum tax on large corporations and marks the most significant climate legislation in U.S. history. Meanwhile, the law will reduce the federal deficit by $305 billion over roughly the next decade, according to the nonpartisan Congressional Budget Office. (Snip) Americans can determine the financial benefits available to them under the law with help from a savings calculator created by Rewiring America, a nonprofit that aims to achieve energy efficiency through the electrification of "everything in our communities."
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