(8/8/22) The so-called "Inflation Reduction" Act gets a fresh skin, but it's the same old wine, and its impact on inflation will be to exacerbate the problem further. The newly re-named the "Climate Change & Tax Act" is the same old tax & spend bill as before; the devil is in the details. How the math really works, and why inflation will be lower in 2023, but not down to the Fed's 2% target. 10% of the bill will fund hiring 87k new IRS employees. Stock buy-backs have helped keep stock prices elevated; how new bill's tax buy backs will affect markets. Corporate taxes will be passed on to consumers. SEG-1: Back to School: Why the Tax Act Will Increase Inflation SEG-2: Impact of the new Tax & Spend bill SEG-3: The Genius Behind Democrats' Inflation Reduction Act SEG-4: Too Early to Say We're at Markets' Bottom RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=uy3FXT7Y8sc&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=648s -------- Our Latest "Three Minutes on Markets & Money: Is the Markets' Bullish Mood Just Hype?" is here: https://www.youtube.com/watch?v=3bTPJbbNJ7M&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1&t=2s -------- Our previous show is here: "Credit Card Use is Off the Charts" https://www.youtube.com/watch?v=_SnPN2sLy50&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InflationReductionAct #ClimateChangeBill #TaxBill #StockBuyBack #ExciseTax #FederalReserve #Inflation #Markets #Money #Investing