U.S._ Don't Look for Inflation Reduction to Come from Capitol Hill

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Don't Look for Inflation Reduction to Come from Capitol Hill

(W. Scott Mcgill/Dreamtime.com)

By Sally Pipes
Friday, 05 August 2022 02:07 PM EDT
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Democrats have christened their reconciliation bill, which is slated to hit the U.S. Senate floor this weekend, the "Inflation Reduction Act."

It's a serious bit of false advertising.

According to a new study from the Penn Wharton Budget Model at the University of Pennsylvania, the bill would have next to no impact on inflation.

Even that projection may be rosy. The bill's massive tax hikes and lavish health insurance subsidies are among its many components that are more likely to drive up prices across the economy.

...

READ MORE: https://www.newsmax.com/sallypipes/cbo-prices-rebate/2022/08/05/id/1081942/

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