Townhall - Columnists - Jeff Crouere
OPINION
Joe Manchin Shows His True Colors
Jeff Crouere | Posted: Aug 01, 2022 12:01 AM
The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
In announcing a deal with far-left Senate Majority Leader Chuck Schumer (D-NY), U.S. Senator Joe Manchin (D-WV), exposed his true ideology once again. Manchin, who balked at supporting the $3 trillion “Build Back Better” legislation, reached an agreement with Schumer after months of negotiations.
The $433 billion legislation is erroneously being labeled the “Inflation Reduction Act.” According to Manchin, the bill does not raise taxes and will reduce our 9.1% inflation rate.
Unfortunately for Manchin, an analysis from the University of Pennsylvania Wharton Budget Model reached a different conclusion. According to the report, “We estimate that the Inflation Reduction Act will produce a very small increase in inflation for the first few years, up to 0.05 percent...in 2024.”
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READ MORE: https://townhall.com/columnists/jeffcrouere/2022/08/01/joe-manchin-shows-his-true-colors-n2611055
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