In an effort to strike back against growing inflation, the Senate has finally passed a huge bill introduced by the House Democrats. In it, it will provide funds to address climate change, as well as growing health care costs and increasing taxes on large corporations. As a whole, it’s meant to ease the strain of inflation quite a bit.
Senate Majority Leader Chuck Schumer proclaimed victory with the passing of the bill, noting, “It’s been a long, tough, and winding road but, at last, we have arrived. Today, after more than a year of hard work, the Senate is making history. I am confident the Inflation Reduction Act will endure as one of the defining legislative feats of the 21st century.”
The bill cleared after 16 hours of debate, with Republicans trying to make a number of amendments to it. It’s being deemed as the “boldest climate package” in U.S. history, with some even calling it a “game-changer.” But the question is…just when will it take effect, and will it really leave a dent in growing inflation and a potential recession in 2023?
Speaking with us now about this bill and the potential effects from it is Steve Beaman, who serves as CEO of Elevare Club. They are a provider of services to small business, so they clearly have some say in the effects of this bill.
Q&A:
- We don’t know if you got a look at all the benefits, but what do you think of this bill overall?
- Do you think it’ll have a lasting effect against inflation and, for that matter, possibly the rumored recession in 2023? Or could it take some time to take said effect?
- We noticed some House members tried to make amendments to the bill. What do you think could be added to improve it? Were there more important things in it you were hoping it would address?
- How will this affect large corporations in the long run? They seem to be the focus of a tax hike, but we’re waiting to see just how effective it is.
- Do you believe this bill will aid small businesses in the long run? Considering they’ve had it rough with COVID and now inflation, it seems like they could use a breather.
- Speaking of which, Elevare Club works very closely with small businesses. Tell us how it works, and what services you provide to said businesses.
- Where can you learn more about Elevare Club?
- Answer: www.ElevareClub.com
Steve Beaman is a self-made millionaire who sunk to the depths of financial despair and rose back up to the heights of economic prosperity. Having enjoyed years of a happy marriage to falling into the depths of divorce, destruction, and despair, Steve has seen it all. Steve worked at Wharton Econometrics, Zacks Investment Research, and the E.F. Hutton Company. A founding partner of the Wall Street firm Chicago Investment Analytics, Steve sold the firm to Charles Schwab in 2000. Currently, Steve is CEO of Elevare Club, a holding company for a group of companies providing services for small businesses, including the capital, payment processing, accounting, legal, advertising, and even help in hiring. Steve is a licensed scuba diver, a private pilot, and the father of six children.
CONTACT: To schedule an interview with Steve Beaman, call Jerry McGlothlin at 919-437-0001 or email jerry@specialguests.com
