Monday, August 8th, 2022

Morning Announcements

Betches

News, News Commentary, Daily News, Politics

4.7 • 1.7K Ratings

🗓️ 8 August 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's headlines: The Senate has approved the Inflation Reduction Act, a long-delayed health and climate bill, while Friday’s jobs report exceeded expectations by showing that the US economy added 528 thousand jobs in July, and unemployment is down to 3.5 percent. Then, Alex Jones was sentenced to pay an additional 42.5 million dollars in punitive damages, North Carolina announced on Friday that it plans to put AR-15 guns in every school in Madison County, and Indiana has officially become the first state to pass a new abortion ban since Roe was struck down. Finally, Hungary's Viktor Orban fired up Texas conservatives at CPAC this weekend, and President Biden is cleared to come out of isolation since he tested negative for covid yesterday. Resources/Articles mentioned this episode: Washington Post: Senate approves Inflation Reduction Act, clinching long-delayed health and climate bill CNBC: Payrolls increased 528,000 in July, much better than expected in a sign of strength for jobs market NPR: A jury tags Alex Jones with $45.2 million in punitive damages for 2 Sandy Hook parents Axios: North Carolina school district plans to put AR-15s in every school Washington Post: Abortion law in Indiana leads to fallout for state, politics BBC News: Hungary's Viktor Orban fires up Texas conservatives CNN: President Joe Biden officially cleared to emerge from isolation following rebound Covid-19 case Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today is Monday, August 8th, and you're listening to the morning announcements presented
0:06.1	by Betches Media, I'm Sammy Sage.
0:13.6	There are a ton of headlines this morning, and many of them aren't even quite good.
0:18.0	The biggest news from the weekend is the political equivalent of posting that you got engaged,
0:22.9	is that the Senate finally passed a spending package worth $740 billion.
0:28.5	This will help achieve a substantial part of President Biden and the Democrats' policy
0:32.2	agenda on multiple fronts.
0:34.5	The bill is called the Inflation Reduction Act, solid name, kind of like your parents
0:39.4	naming you Ashley Nicole in 1989.
0:42.6	It passed with Vice President Harris' tie-breaking vote, and Biden will sign it this week.
0:47.9	So what's the bill actually going to do?
0:50.1	What is its day-to-day like?
0:51.8	First, it is the most expensive attempted US history to tackle climate change, about
0:56.9	time.
0:57.9	It will allocate $370 billion to reduce greenhouse gas emissions to 40% below their 2005 levels
1:04.9	by 2030.
1:05.9	It will also decrease prescription drug costs for elderly Americans, though the bill
1:10.3	suffered a fairly significant blow when 43 Republicans voted against a provision that
1:15.1	would cap out-of-pocket insulin costs at $35 per month for people who aren't covered
1:20.4	by Medicare, which is most people under 65 who need insulin.
1:25.0	The package will be paid for by changes in federal tax laws, such as imposing a 15% minimum
1:30.3	tax on corporations that make 1 billion or more in revenue, a 1% excise tax on stock
	...

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