Summary: <p>The Heartland Institute's Donald Kendal, Jim Lakely, and Justin Haskins present episode 357 of the In The Tank Podcast. The Biden Administration is scrambling to get something accomplished before the midterms. Their latest attempt at a piece of comprehensive legislation is labeled the "Inflation Reduction Act." Despite the name of the bill, the legislation has far more to do with energy policy and increasing taxes. The ITT crew weighs in on this important topic. Also, Florida Governor Ron DeSantis seems to have joined the fight against ESG.</p> <p> </p> <p><strong>PRIMARY TOPIC – HOW BAD IS THE INFLATION REDUCTION ACT?</strong></p> <p><strong>Senate Democrats – Inflation Act One Page Summary</strong><br> <a href="https://www.democrats.senate.gov/imo/media/doc/inflation_reduction_act_one_page_summary.pdf">https://www.democrats.senate.gov/imo/media/doc/inflation_reduction_act_one_page_summary.pdf</a></p> <p><strong>NYP - White House admits Inflation Reduction Act, pushed by Manchin, Schumer, will barely impact inflation</strong><br> <a href="https://nypost.com/2022/08/01/white-house-admits-inflation-reduction-act-will-barely-impact-inflation/">https://nypost.com/2022/08/01/white-house-admits-inflation-reduction-act-will-barely-impact-inflation/</a></p> <p><strong>Cato - Inflation Reduction Act</strong><br> <a href="https://www.cato.org/blog/inflation-reduction-act">https://www.cato.org/blog/inflation-reduction-act</a></p> <p><strong>WSJ - ‘Inflation Reduction Act’ Is an Insult to Used-Car Salesmen</strong><br> <a href="https://www.wsj.com/articles/inflation-reduction-act-is-an-insult-to-used-car-salesmen-deficit-reduction-tax-increases-spending-semiconductors-stimulus-build-back-better-11659363843">https://www.wsj.com/articles/inflation-reduction-act-is-an-insult-to-used-car-salesmen-deficit-reduction-tax-increases-spending-semiconductors-stimulus-build-back-better-11659363843</a></p> <p><strong>HDN - Harsanyi: ‘Inflation Reduction Act’ Does Nothing To Lower Inflation</strong><br> <a href="https://heartlanddailynews.com/2022/07/harsanyi-inflation-reduction-act-does-nothing-to-lower-inflation/">https://heartlanddailynews.com/2022/07/harsanyi-inflation-reduction-act-does-nothing-to-lower-inflation/</a></p> <p><strong>HDN - Inflation Reduction Act—or Radical Green New Deal? (Opinion)</strong><br> <a href="https://heartlanddailynews.com/2022/07/inflation-reduction-act-or-radical-green-new-deal-opinion/">https://heartlanddailynews.com/2022/07/inflation-reduction-act-or-radical-green-new-deal-opinion/</a></p> <p><strong>Forbes - Inflation Reduction Act: Faustian Bargain Could Jeopardize Offshore Wind, Renewable Energy On Federal Lands</strong><br> <a href="https://www.forbes.com/sites/allanmarks/2022/08/03/inflation-reduction-act-faustian-bargain-could-jeopardize-offshore-wind-renewable-energy-on-federal-lands/">https://www.forbes.com/sites/allanmarks/2022/08/03/inflation-reduction-act-faustian-bargain-could-jeopardize-offshore-wind-renewable-energy-on-federal-lands/</a></p> <p><strong>Investopedia - How Large Corporations Avoid Paying Taxes</strong><br> <a href="https://www.investopedia.com/financial-edge/0512/how-large-corporations-get-around-paying-less-in-taxes.aspx">https://www.investopedia.com/financial-edge/0512/how-large-corporations-get-around-paying-less-in-taxes.aspx</a></p> <p> </p> <p><strong>SECONDARY TOPIC – DESANTIS TAKES A SWING AT ESG</strong></p> <p><strong>FL Gov - Governor Ron DeSantis Announces Initiatives to Protect Floridians from ESG Financial Fraud</strong><br> <a href="https://flgov.com/2022/07/27/governor-ron-desantis-announces-initiatives-to-protect-floridians-from-esg-financial-fraud/">https://flgov.com/2022/07/27/governor-ron-desantis-announces-initiatives-to-protect-floridians-from-esg-financial-fraud/</a></p> <p><strong>Fox News - DeSantis announces plan to combat ESG influence in Florida</strong><br> <a href="https://www.foxnews.com/media/desantis-announces-plan-combat-esg-influence-florida-invest">https://www.foxnews.com/media/desantis-announces-plan-combat-esg-influence-florida-invest</a></p> <p><strong>[Please subscribe to the Heartland Daily Podcast for free on iTunes at </strong><a href="https://itunes.apple.com/us/podcast/heartland-daily-podcast/id557620400?mt=2"><strong>this link</strong></a><strong>.]</strong></p>
