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Don’t Buy Into the Manchin-Schumer Inflation Reduction Scam nor Promises About Energy Price Relief — News For Finance

Don’t Buy Into the Manchin-Schumer Inflation Reduction Scam nor Promises About Energy Price Relief

The dishonestly named Inflation Reduction Act of 2022 officially solidifies the Democrat majority’s anti-prosperity agenda to the detriment of Americans facing increased financial strain. No Republicans are signing on to this tax and spend boondoggle cementing its partisan status. It will worsen inflation and exacerbate our recessionary economy, which has led political analysts to label the bill a “sick joke.” Raising taxes during a recession is a bad idea that even progressives used to admit. 

Advocates of the bill are attempting to justify the bill by touting its climate and energy provisions. Digging into the details reveals the promises to cut energy costs, improve security, and lower emissions are not true. Raising taxes on energy producers while subsidizing the lifestyle of liberal elites will do very little to address high cost energy or improve the environment. 

The Manchin-Schumer Plan Will…

Read full article here: www.iwf.org