716. "Inflation Reduction Act" vs. Crypto Market w/ Gareth Soloway
Aug 9, 2022 ·
39m 45s
The Senate on Sunday afternoon passed Democrats' $750 billion health care, tax and climate bill. The Democrat-controlled House, which is expected to take up the legislation on Friday, August 12,...
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The Senate on Sunday afternoon passed Democrats' $750 billion health care, tax and climate bill. The Democrat-controlled House, which is expected to take up the legislation on Friday, August 12, must approve the bill before Biden can sign it into law. The bill claims it will raise over $700 billion in government revenue over 10 years and spend over $430 billion to reduce carbon emissions and extend subsidies for health insurance under the Affordable Care Act and use the rest of the new revenue to reduce the deficit. The Act is also being labeled as the largest climate investment in US history, including EV credits for new and used electric vehicles (which may or not qualify for any actual EV). The big question is how this massive corporate handout will effect the stock market and particularly the crypto markets + Bitcoin (BTC).
Guest: Gareth Soloway Chief Market Strategist of InTheMoneyStocks.com
website ➜ https://bit.ly/InTheMoneyStocksite
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Guest: Gareth Soloway Chief Market Strategist of InTheMoneyStocks.com
website ➜ https://bit.ly/InTheMoneyStocksite
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