inflation reduction

What is the Inflation Reduction Act and how does it affect the United States economy? On this week's episode, Josh & Austin talk through its background, whether it will actually reduce inflation, and share their personal opinions. Don't miss it!

For the entire transcript, links, and resources, visit theinvesteddads.com/164

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Note: This video was recorded prior to the House vote and President Biden signing the Inflation Reduction Act into law.

In this episode of The Bottom Line Pharmacy Podcast, join the Sykes & Company, P.A. team as they discuss the implications of the Inflation Reduction Act. How does this affect independent pharmacies? Pharmacy CPAs and advisors Bonnie Bond, CPA, Kendell Harris, CPA and Scotty Sykes, CPA, CFP® touch upon the corporate minimum tax, Medicare Part D implications, clean energy incentives and doubling of the R&D tax credit.

The Money Professor Chris Longworth of The Financial Education Group breaks down the true secret behind a winning retirement plan and how best to position yourself for success in retirement.

Call Chris Longworth at 1-800-719-7917 or visit wealthdefender.com.

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Co-Hosts
Adam Sommer @Adam_Sommer85

Rachel Parker @RaichetP

Sean Diller @SeanDillerCO

Guest Hosts

Reece Ellis @TheReeceEllis

CW Gardner (Gardner 4 Missourah) @cwg18

1. True or False - Candidate Social Media presence translates to election performance

1. Guest Reece Ellis - made an excellent thread looking at this issue in Missouri

1. https://twitter.com/TheReeceEllis/status/1554818826457550848

1. Yeah…NO - Election denier and ultra MAGA candidates primary wins

1. Blake Masters in AZ

2. Finchman https://www.npr.org/sections/2022-live-primary-election-race-results/2022/08/03/1114845378/arizona-secretary-of-state-primary-election-results

3. Lake

1. Buy or Sell - High turnout in Kansas on “NO” vote favors Gov. Kelly and Rep Davids , in November

1. Dem turnout was 250% compared to 2018

1. https://www.kansascity.com/news/politics-government/election/article263946446.html

2. Vote went 58% to 41% - mirrors basic national polling on the issue of legality of abortion

1. https://www.npr.org/sections/2022-live-primary-election-race-results/2022/08/02/1115317596/kansas-voters-abortion-legal-reject-constitutional-amendment

3. County breakdown

1. https://www.nytimes.com/interactive/2022/08/02/us/elections/results-kansas-abortion-amendment.html

4. Kansas turnout v. Missouri

1. Kanas blew MO out of the water

2. https://www.kansascity.com/news/politics-government/election/article264147101.html

3. Voters flocked to the polls in significant numbers Tuesday in the Kansas City area, particularly on the Kansas side of the state line. Statewide, Kansas’ turnout was far greater than Missouri’s: around 47% of Kansas voters cast a ballot, while only around 24% of Missouri voters did. Of the counties that make up the Kansas City metro area, Johnson County saw by far the highest turnout at 53.7%. While not as high as the state’s average of about 47%, Wyandotte County came in second place with nearly 35% turnout—higher than any of the Missouri counties in the metro.

2. The Big One: Dems passing legislation

1. Inflation Reduction Act (the IRA?) New Reconciliation Bill survives, and it’s major legislation

2. https://twitter.com/whcos/status/1556385691759792131?s=21&t=UOe7d3b201anlwuKPyZAVg

3. Burn pits bill

4. CHIPS

5. Passed late afternoon on Sunday

1. What is in the Inflation Reduction Act? - https://www.npr.org/2022/08/07/1116190180/democrats-are-set-to-pass-a-major-climate-health-and-tax-bill-heres-whats-in-it

6. https://www.politico.com/news/2022/08/07/democrats-senate-reconciliation-votearama-00050222

7. Guardian article: https://www.theguardian.com/us-news/2022/aug/07/inflation-reduction-act-senate-democrats-pass?CMP=Share_iOSApp_Other

8. Environmental measures

9. Prescription drug negotiation by medicare for SOME drugs

10. 15% corp min tax

11. Republicans stripped out the insulin cap

1. https://www.bloomberg.com/news/articles/2022-08-07/tax-bill-latest-democrats-dare-gop-to-strip-out-insulin-capl

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Sean Diller  (no social)

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Outro Song: “The World Is On Fire” by American Aquarium 

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We review Clean Energy ETFs, Natural Gas ETFs, and some of the stocks that major politicians are trading right now!  We also share one market maven's strategy for a $5000 monthly Income stream.