Is Anything Manchin Says About His ‘Inflation Reduction Act’ True?
James D. Agresti
August 15, 2022
In a major reversal, U.S. Senator Joe Manchin, D-W.V., struck a deal with Senator Chuck Schumer, D-N.Y., to enact a major climate, entitlement, and tax bill. This legislation has been praised by President Biden, Al Gore, and other proponents of highly progressive policies.
Dubbed the “Inflation Reduction Act of 2022,” Senate Democrats voted to pass this bill only 11 days after releasing its 725 pages of text. House Democrats followed suit five days later. Democrats pushed this bill so rapidly through Congress that the Congressional Budget Office estimates it won’t be able to “provide a complete cost estimate for the legislation” until more than a week after Congress passed it.
Manchin’s press release claims the law will:
“address record inflation by paying down our national debt, lowering energy costs and lowering healthcare costs.”
“displace dirtier products” and ensure “American energy is affordable, reliable, clean and secure.”
bring “good paying energy and manufacturing jobs back to America.”
“make America more energy secure” and “financially sound.”
not raise taxes on “families and small businesses making less than $400,000 a year.”
“lower the cost of healthcare for working families and small businesses."
support “the everyday hardworking Americans we have been elected to serve.”
adopt “a tax policy that protects small businesses and working-class Americans….”
more
https://issuesinsights.com/2022/08/15/is-anything-manchin-says-about-his-inflation-reduction-act-true/
