Like paying for sky-high gas, groceries? Wish Biden's Inflation Reduction Act a happy anniversary
Climate Change,Economy And Jobs,Infrastructure,Inflation,Energy,Business,Sustainability,Joe Biden,Joe Manchin,Healthcare,Taxes
It has been one year since Joe Biden and Congressional Democrats passed their signature Inflation Reduction Act (IRA) – a disastrous law that did nothing to address inflation and is now confirmed to have added hundreds of billions to the deficit.
President Biden himself, in a recent, rare moment of candor, even said he wishes he had named the IRA something different since it "has less to do with reducing inflation."
Nevertheless, working families are paying the price for that law while the wealthy and well-connected continue to reap its benefits. As hard-earned taxpayer dollars from the IRA go into the pockets of billion-dollar corporations and big banks, inflation continues to steal from workers’ paychecks.
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