Inaptly named Inflation Reduction Act may come back to hurt Democrats in midterms ...Middle East

The Hill - News
Inaptly named Inflation Reduction Act may come back to hurt Democrats in midterms
The Biden administration and Democrats on Capitol Hill have again defied basic logic in arguing that by passing the Inflation Reduction Act inflation will decline from its current rate of 8.5 percent. For the low, low price of $740 billion, the U.S. is projected to see its inflation rate stay more or less the same over the next two years, according to the Congressional Budget Office. Meanwhile, White House senior adviser Jared Bernstein, citing a Moody's estimate, says the massive new spending bill will take inflation down by just a third of a point.And that's the optimistic estimate from a White House that has gotten it wrong or outright misled the public about inflation time after time.

Hence then, the article about inaptly named inflation reduction act may come back to hurt democrats in midterms was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Inaptly named Inflation Reduction Act may come back to hurt Democrats in midterms )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News


Latest News