Breaking Points with Krystal and Saagar 8/8/22: Senate Legislation, China Escalation, Weapons Shipments, NATO Expansion, Monkeypox, Media Fawning, & More!
Aug 8, 2022
The hosts dive into rising tensions between the U.S. and China, highlighting alarming military responses. They discuss the recent Senate legislation affecting rights like gay marriage and access to contraception. Attention shifts to the implications of U.S. foreign policy and NATO expansion on global stability. The conversation addresses the public health response to monkeypox, critiquing communication strategies. Lastly, they examine the ethics of tax legislation benefiting private equity and challenge the effectiveness of current policies on economic fairness.
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Inflation Reduction Act Overview
- The Inflation Reduction Act, a pared-back version of Build Back Better, passed the Senate.
- It includes climate spending, tax increases, and prescription drug negotiation.
Ukraine Weapons Shipment Inefficiency
- A CBS News report revealed that only 30% of weapons shipped to Ukraine reach the front lines.
- The report was later removed after pressure from the Ukrainian government.
Sinema's Private Equity Carve-Out
- Kyrsten Sinema secured a significant tax carve-out for the private equity industry.
- This will save private equity firms an estimated $35 billion.