Sen. Joe Manchin (D-WV) admitted on Tuesday that the Inflation Reduction Act would not “immediately” reduce inflation.
The $740 billion piece of legislation, signed this week by President Joe Biden, was made possible by a deal between Manchin and Senate Majority Leader Chuck Schumer (D-NY). When asked by Fox News reporter Hillary Vaughn whether the title of the law is misleading given its lack of effect on the price of staple goods, Manchin replied, “Why would it?”
“Well, immediately it’s not,” Manchin added. “We’ve never [said] anything would happen immediately, like turn the switch on and off.”
