Talk about this for a shocker: Democrats’ “Inflation Reduction Act” won’t reduce inflation. That conclusion comes from the Congressional Budget Office (CBO) analysis of the spending spree legislation that passed last month.
The budget office released its final report on the bill right after Labor Day, several weeks after President Biden signed the measure into law.
Lawmakers could have waited for CBO to publish its final report before voting on the measure, but House Speaker Nancy “We Have to Pass the Bill So You Can Find Out What’s in It” Pelosi wouldn’t dream of such transparency. Overall, the facts and figures in the CBO report illustrate the false claims and fiscal gimmicks to sell a law that will harm both the economy and the federal fisc.
