Democrats are punting a Hail Mary with this so-called Inflation Reduction Act that raises taxes on those earning $30,000, cripples traditional energy needs, and dumps hundreds of billions of dollars onto (checks notes) an already-inflated economy.
White House officials’ own rosiest, best-case-scenario spin is that their “Inflation Reduction Act” will have taken one third of one percentage point off inflation by nine years from now? https://t.co/l5HMKv9Mcb
— Andrew Quinn (@AndrewCQuinn) August 1, 2022
It’s the worst of ideas bundled with the worst of intentions into a campaign tactic that’s doomed to fail.
Colorado’s Democrat U.S. Sens. Michael Bennet and John Hickenlooper are early supporters of this suicide mission.
Washington has spent decades cutting taxes for the wealthiest Americans and exploding our deficit instead of making responsible choices for our future.
The Inflation Reduction Act represents a historic break from those failed policies.
Let’s pass this bill.
— Michael Bennet (@SenatorBennet) July 31, 2022
By contrast, this bill raises taxes on nearly all Americans and includes failed politics. In other words, it’s exactly like Washington has done for decades.
Biden’s reincarnation of Build Back Better meets the Green New Deal will create another green energy slush fund that will make Solyndra look like a blip on the Democrat scandal sheet.