The Inflation Reduction Act Explained - It Doesn't Actually Reduce Inflation!
When you hear about a bill named "The Inflation Reduction Act," you might think that such a bill would reduce inflation! Wrong! This bill is a green energy money dump, Obamacare reloader, tax increaser and manufacturer nightmare. The language is so misleading I want to throw up. I explain everything in this video. I hope you enjoy!
Resources:
https://budgetmodel.wharton.upenn.edu/issues/2022/7/29/inflation-reduction-act-preliminary-estimates
https://www.wsj.com/articles/the-schumer-manchin-tax-increase-on-everyone-wages-manufacturers-jct-democrats-income-salaries-corporate-rate-11659300317
https://www.finance.senate.gov/ranking-members-news/jct-democrats-proposals-increase-taxes-on-millions-of-americans-
https://www.finance.senate.gov/imo/media/doc/jct_distributional_effects_inflation_reduction_act.pdf
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