Biden Bits: The Inflation Reduction Act…

Biden Tweets Logo. Image by Lenny Ghoul.

When Biden Bits was posted for Friday, President Biden had tweeted 2 times, he added 4 tweets giving him a Friday Tweeting Total of 6 tweets and 0 retweets.

Since it’s Monday…

President Biden’s Saturday Tweeting Total is; 8 tweets and 0 retweets.
President Biden’s Sunday Tweeting Total is; 5 tweets and 0 retweets.

His Inflation Reduction Act Tweets

Friday:

On Thursday, President Biden offered remarks on the Inflation Reduction Act of 2022. The YouTube is 12 minutes and 7 seconds long. His full remarks can be found here.

President Biden: Now, look, I know it can be — sometimes seem like nothing gets done in Washington.  (Laughs.)  I know it never crossed any of your minds.  But the work of the government can be slow and frustrating and sometimes even infuriating.  Then the hard work of hours and days and months from people who refuse to give up pays off.  History is made.  Lives are changed. With this legislation, we’re facing up to some of our biggest problems, and we’re a taking a giant step forward as a nation.  That didn’t just happen on this inf- — on this inflation reduction bill.  It also happened yesterday when the Senate made the bipartisan decision as a nation to invest in America’s manufacturing technology of semiconductors, and additional funding for basic research and development in the cutting-edge industries of the 21st century.

Similar quote text to tweet text:

President Biden: Third, it invests $369 billion — granted, I called for 500-plus — but it invests $369 billion to secure our energy future and to address the climate crisis, bringing down family energy bills by hundreds of dollars by providing working families tax credits.  It gives folks rebates buy — to buy new and efficient appliances, to weatherize their homes, and tax credits for heat pumps and rooftop solar. It also gives consumers a tax credit to buy any electric vehicle or fuel cell vehicle, new or used, and a tax credit for up to $7,500 if those vehicles were made in America. 

Saturday:

President Biden: Second, the bill locks in place lower healthcare premiums for the next three years for millions of families that get coverage under the Affordable Care Act.  That will mean an average savings of $800 a year for 13 million people.

Sunday:

President Biden: But simply put, the bill will lower healthcare costs for millions of Americans.  It will — and it will be the most important investment — not hyperbole — the most important investment that we’ve ever made in our energy security, and developing cost savings and job-creating clean energy solutions for the future.  It’s a big deal. It’ll also, for the first time in a long time, begin to restore fairness to the tax code — begin to restore fairness — by making the largest corporatenations [sic] — the largest corporations in America pay their fair share, with any — without any new taxes on people making under $400,000 a year. 

Senate Democrats unveiled their Inflation Reduction Act of 2022 on July 27th 2022.

Links to the announced bill can be found @ Democrats.Senate.gov.

The one page PDF summary:

The Inflation Reduction Act of 2022 will make a historic down payment on deficit reduction to
fight inflation, invest in domestic energy production and manufacturing, and reduce carbon
emissions by roughly 40 percent by 2030. The bill will also finally allow Medicare to negotiate
for prescription drug prices and extend the expanded Affordable Care Act program for three
years, through 2025.

The new proposal for the FY2022 Budget Reconciliation bill will invest approximately $300
billion in Deficit Reduction and $369 billion in Energy Security and Climate Change programs
over the next ten years.

Additionally, the agreement calls for comprehensive Permitting reform legislation to be passed
before the end of the fiscal year. Permitting reform is essential to unlocking domestic energy and
transmission projects, which will lower costs for consumers and help us meet our long-term
emissions goals.

Democrats.Senate.gov.

TOPLINE ESTIMATES:

The Inflation Reduction Act:
• Enacts historic deficit reduction to fight inflation
• Lowers energy costs, increases cleaner production, and reduces carbon emissions by
roughly 40 percent by 2030
• Allows Medicare to negotiate drug prices and caps out-of-pocket costs to $2,000
• Lowers ACA health care premiums for millions of Americans
• Make biggest corporations and ultra-wealthy pay their fair share
• There are no new taxes on families making $400,000 or less and no new taxes on small
businesses – we are closing tax loopholes and enforcing the tax code.

His tweets about Kentucky

Friday:

Saturday:

Eastern Kentucky has been hit hard by severe rain and flooding last week with more rain expected in the coming days.

Democratic Governor of Kentucky Andy Beshear said on Sunday in a statement; We are still focused on meeting the immediate needs of providing food, water and shelter for thousands of our fellow Kentuckians who have been displaced by this catastrophic flood. At the same time, we have started on the long road to eventual recovery.

Governor Beshear announced in the same statement that the death toll has risen to 28:

  • Breathitt County: 6
  • Clay County: 2
  • Knott County: 15, including 4 children
  • Letcher County: 2
  • Perry County: 3

Local news outlets have the death toll as high as 33, 28 is the confirmed official total as of Sunday. Sadly, the death toll is expected to rise as search and rescue crews recover more bodies.

On July 29th the White House posted the following disaster declaration:

Today, President Joseph R. Biden, Jr. declared that a major disaster exists in the Commonwealth of Kentucky and ordered Federal aid to supplement commonwealth and local recovery efforts in the areas affected by severe storms, flooding, landslides, and mudslides beginning on July 26, 2022, and continuing.

Federal funding is available to commonwealth and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency protective measures in the counties of Breathitt, Clay, Floyd, Johnson, Knott, Leslie, Letcher, Magoffin, Martin, Owsley, Perry, Pike, and Wolfe.

Federal funding is also available on a cost-sharing basis for hazard mitigation measures for the entire commonwealth.

Deanne Criswell, Administrator, Federal Emergency Management Agency (FEMA), Department of Homeland Security, named Brett H. Howard as the Federal Coordinating Officer for Federal recovery operations in the affected areas. 

Damage assessments are continuing in other areas, and more counties and additional forms of assistance may be designated after the assessments are fully completed FOR FURTHER INFORMATION MEDIA SHOULD CONTACT THE FEMA NEWS DESK AT (202) 646-3272 OR FEMA-NEWS-DESK@FEMA.DHS.GOV.

White House.gov. 07/29/2022.

His Coronavirus Tweets

Saturday:

I have order my allowance of COVID-19 at home testing kits.

Physician to the President Dr. Kevin O’Connor released the following letter on Saturday:

President Biden: Hey folks, Joe Biden here. Tested positive this morning. Going to be working from home for the next couple of days. And I’m feeling fine, everything’s good. But Commander and I got a little work to do.

Dr. O’Connor provided another update on Sunday:

On May 24th the CDC released a CDC Health Advisory that explained:

The Centers for Disease Control and Prevention (CDC) is issuing this Health Alert Network (HAN) Health Advisory to update healthcare providers, public health departments, and the public on the potential for recurrence of COVID-19 or “COVID-19 rebound.” Paxlovid continues to be recommended for earlystage treatment of mild to moderate COVID-19 among persons at high risk for progression to severe disease. Paxlovid treatment helps prevent hospitalization and death due to COVID-19. COVID-19 rebound has been reported to occur between 2 and 8 days after initial recovery and is characterized by a recurrence of COVID-19 symptoms or a new positive viral test after having tested negative. A brief return of symptoms may be part of the natural history of SARS-CoV-2 (the virus that causes COVID-19) infection in some persons, independent of treatment with Paxlovid and regardless of vaccination status. Limited information currently available from case reports suggests that persons treated with Paxlovid who experience COVID-19 rebound have had mild illness; there are no reports of severe disease. There is currently no evidence that additional treatment is needed with Paxlovid or other anti-SARS-CoV-2 therapies in cases where COVID-19 rebound is suspected.

Emergency.CDC.gov. 05/24/2022.

CNBC on Wednesday said that a small study in June found that about 1 percent of Covid patients “had their symptoms rebound around nine days, on average, after they took Paxlovid. In a larger study with 13,600 Covid patients, they found 6 percent experienced the rebound in the month following their treatment. The larger study has not been peer-reviewed.

Dr. Aditya Shah from the Mayo Clinic who led the small study told CNBC that it’s possible rebound cases could be as high as 5 to 10 percent, but he doesn’t believe it’s as common as the “general community is making it out to be.”

His PACT Act Tweets

Saturday:

Sunday:

It’s a 1 minute and 21 second long video of everyone being happy with both the pizza and President Biden talking with them via FaceTime.

I don’t have to tell you, my dear readers, the shitshow that occurred in D.C., this past week regarding the PACT Act. A bill that was originally passed in June with huge bipartisan support that failed to earn the same support on July 28th.

Jon Stewart former host of the Daily Show and long-time advocate for veterans and 9/11 first responders health care pretty much summed up the mood on Thursday with a passionate profanity laced rant on the steps of Capitol Hill.

He took to Twitter blasting Senator and Fat Ass loser from Texas Republican Ted Cruz.

To continue the fight against Republican babies that also happen to be Senators he directs us toward Cory Titus:

In response to his risen tweet views Cory Titus has posted the following deeper dive into the PACT Act:

FYI: It’s a very detailed and long thread so you’ve been warned…

Personally, I think Republicans can go fuck themselves right the fuck off. We spend money silly dumb useless money; All. The. Damn. Time. We should not use Veterans, sick ones, for examples of how to “cut spending”. And we sure as hell shouldn’t cap that spending to so, oops, sorry no treatment for you.

Bunch of grown men, acting like fucking children.

Again, I remind you, the above are my personal feelings, not objective and heavily bias.

His Others Tweet

Friday:

I simply ran out of time to find something to type here.

Saturday:

President Biden: Fifty-seven years ago today, President Johnson signed Medicare into law. Since then, Republicans in Congress have been fighting it. Today, it’s Senator Rick Scott from Florida who’s leading the fight. He has a plan that will put medicare on the chopping block every five years. Think about that. Do you want to give Republicans in Congress, who are pushing and pursuing the MAGA policies, the power to eliminate Medicare every five years? That’s never going to happen while I’m President. I’m going to protect Medicare. In fact, we’re making Medicare stronger. The new Inflation Reduction Bill is going to give Medicare the power to negotiate lower prescription drug prices. And it puts a cap on the total out-of-pocket expenses for prescription drugs from seniors at $2,000 a year, whether it’s for cancer or for any other disease. Medicare has been a godsend for seniors and their families since it was first signed into on this day by President Johnson. On this anniversary we’re reminded we have to protect it, strengthen it, for not only today’s seniors, but for generations to come.

Democrats.Senate.gov summary on Medicare:

Topline Messages for Senate Prescription Drug Pricing Reforms – FY22 Budget Reconciliation

Finally empowers Medicare to begin negotiating directly for the price of prescription drugs in 2023. Currently, our drug pricing system works for corporations and middlemen, not patients. The new negotiation policy will ensure that patients with Medicare get the best deal possible on high-priced drugs and pay cost-sharing for those drugs based on the Medicare negotiated price.

Caps Medicare patients’ out of pocket costs at $2,000 per year, with the option to break that amount into affordable monthly payments. Today, there is no cap on spending for prescription drugs seniors buy from pharmacies. This proposal ensures that devastating diagnoses, like cancer, will never again mean paying tens of thousands out of pocket for just one drug.

Institutes a new “inflation rebate” under Medicare. Drug companies should not be empowered to take arbitrary and unjustified price increases on products that are not changing year-to-year. This proposal requires drug companies to rebate back the difference to Medicare if they raise prices higher than inflation.

Puts more financial responsibility on insurance and drug companies to keep prices down. Patients are paying exorbitantly high prices while insurers and manufacturers rake in huge profits and negotiate secret discounts and agreements. Experts agree that the current Medicare Part D framework lets both insurers and drug companies off the hook for high drug prices – in fact, the system incentivizes higher drug prices by allowing insurers to pay less when drug prices go up. The bill changes that dynamic by incentivizing both manufacturers and insurers to keep drug prices down – it puts them on the hook for higher drug prices and spending to tamp down artificially high prices jointly set by big pharma and pharmacy benefit managers.

Stabilizes Part D premiums for seniors in Medicare. The proposal holds annual premium growth to existing levels so that insurers and manufacturers can’t pass their new financial responsibilities on to seniors.

Provides free vaccines for seniors. Finally makes all vaccines free in Medicare for seniors, the only population for which vaccines were not already free.

Closes the “rogue Secretary” loophole. The proposal would close a loophole in the House-passed bill that would have allowed a bad actor Republican secretary to refuse to negotiate or negotiate fewer than the maximum number of drugs. The bill now requires the Secretary to negotiate the maximum number of drugs each year, to the extent that number of drugs qualify for negotiation.

Expands premium and co-pay assistance on prescription drugs for low-income individuals. Currently, the low-income subsidy program (LIS) under Medicare Part D is fully available to all seniors earning less than 135% of the federal poverty level, and partially available to seniors earning less than 150% of the federal policy level. The bill eliminates the partial subsidy status, giving those seniors the full low-income subsidy under Medicare Part D.

Democrats.Senate.Gov.

The White House offered the following statement on the anniversary of Medicare:

Today is the 57th anniversary of Medicare and Medicaid – two programs that have given millions of Americans the security and dignity of affordable health care coverage. Nearly 140 million Americans benefit from these programs, including millions of seniors, pregnant women, families, and people with disabilities.
 
Republicans in Congress are proposing to put Medicare and Medicaid on the chopping block every five years – meaning 140 million Americans would lose the peace of mind of knowing they have access to affordable health care.
 
Congressional Democrats and I are fighting to strengthen these programs, so no American has to face a choice between health care and putting food on the table. The Inflation Reduction Act of 2022 will keep the Affordable Care Act improvements under the American Rescue Plan that have saved 13 million Americans an average of $800 per year on health insurance premiums, and will protect 3 million Americans from becoming uninsured. It will also allow Medicare to negotiate a better deal on prescription drugs – lowering costs for potentially millions of seniors and other beneficiaries. And, this legislation caps out-of-pocket drug costs at $2,000 per year, saving Medicare beneficiaries with cancer and other chronic illnesses thousands of dollars annually. For decades, Congressional Democrats have been fighting for this – and we are poised to come together and get it done.
 
Today, as we recognize the anniversary of Medicare and Medicaid, Congress has an opportunity to make history and strengthen the health and financial security of millions of Americans. I urge Congress to pass the Inflation Reduction Act quickly, so we can lower health care costs for millions of Americans.

White House.gov. 07/30/2022.

The Rick Scott plan was covered beautifully by our very own Lady Snark back in February.

Here is a snip regarding the sunset idea he had:

One highlight here is that he wants to decrease the federal government by 25% over the span of 5 years. Sounds great! But what do you do about all the newly-unemployed federal workers? That’s a helluva lot of people who are going to need to find a new job.

Remember when I said there was a lot of the usual conservative talking points, with a bunch of stupid stuff thrown in? You just witnessed the former; now here’s one of the latter…

All federal legislation sunsets in 5 years. If a law is worth keeping, Congress can pass it again.

Rick Snot’s 11-Point Plan, page 38

For more visit her article, it’s worth it.

Sunday:

Thursday President Biden hosted a roundtable meeting with CEO’s on the economy. The YouTube is 32 minutes and 27 seconds long. His full remarks can be found here.

President Biden: Now, there’s no doubt we expect growth to be slower than last year, and — for the rapid clip we had.  But that’s consistent with a transition to a stable, steady growth and lower inflation.  There are going to be a lot of chatter today on Wall Street and among pundits about whether we are in a recession.

Similar quote text to tweet text:

President Biden: He pointed to the labor market as an example.  The best thing we can do right now is put our economy in a better position to make the transition to stable, steady growth for Congress to — and is — steady, stable growth is for Congress to act; that’s the best thing we can do.  They’re voting right now, as I said.  

President Biden’s public schedule for August 1st 2022:

Well, for some reason the little chart thingy isn’t copying the same anymore…

*cries*

Anyhoo, he’s received his daily brief. The daily press briefing is scheduled for 1:45 p.m. D.C., time.

President Biden has tweeted…

He’s tweeted 1 time so far for Monday.

He’s said that several times, the latest is from his remarks regarding the Inflation Reduction Act of 2022.

President Biden: Now, I know you’ve never heard me say this before — it will come as a shock to you — (laughs) — but 55 of the Fortune 500 companies paid no federal income tax in 2020.  I know you only heard me say that about 10,000 times.  But the fact is they paid no taxes on an income — collective income of over $40 billion.

This morning President Biden again tested positive for Covid-19 according to his doctor’s latest update:

Big sloppy wet air kiss to Halodoc for once again giving me a week off–soon I will take this week off when it’s not a billion outside…

This is an Open Thread.

About the opinions in this article…

Any opinions expressed in this article are the opinions of the author and do not necessarily reflect the opinions of this website or of the other authors/contributors who write for it.

About Tiff 1981 Articles
Member of the Free Press who is politically homeless and a political junkie.