{"id":128706,"date":"2022-08-05T11:45:18","date_gmt":"2022-08-05T15:45:18","guid":{"rendered":"https:\/\/valorguardians.com\/blog\/?p=128706"},"modified":"2022-08-04T20:09:47","modified_gmt":"2022-08-05T00:09:47","slug":"democrat-bill-intended-to-reduce-inflation-would-contribute-to-skyrocketing-inflation","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=128706","title":{"rendered":"Democrat bill intended to reduce inflation would contribute to skyrocketing inflation"},"content":{"rendered":"

\"\"<\/a><\/p>\n

This is a warning that a letter written by 230 economists warns about. These economists argue that instead of making things better as Biden and Democrats claim, it would actually skyrocket inflation and place burdens on the economy.<\/p>\n

From Fox News:<\/b><\/span><\/p>\n

The letter was sent to Schumer, Senate Minority Leader Mitch McConnell, R-Ky., House Speaker Nancy Pelosi, D-Calif., and House Minority Leader Kevin McCarthy, R-Calif.<\/p>\n

Schumer has touted the Inflation Reduction Act as an immediate solution to inflation, which reached a new 40-year high last month.<\/p>\n

“The Inflation Reduction Act will lower inflation, lower the costs of prescription drugs, close loopholes long exploited by big business who pay no or little taxes,” Schumer said Thursday on the Senate floor.<\/p>\n

In addition, Biden urged Congress to pass the bill during a virtual roundtable Thursday. “My message to Congress is this: Listen to the American people,” he said.<\/p>\n

“This is the strongest bill you can pass to lower inflation, continue to cut the deficit, reduce health care costs, tackle a climate crisis and promote America’s energy security and reduce the burdens facing working-class and middle-class families,” Biden continued.<\/p>\n

However, Republicans are less enthusiastic about the more than $700 billion spending and tax package.<\/p>\n

McCarthy told Fox News on Wednesday that “Democrats have no plans to solve all the problems they created” and Manchin’s bill is not the solution.<\/p>\n

In the Senate, McConnell stated this week that most of his colleagues were “somewhat shocked” about Manchin’s reversal of previous positions. He continued, telling Fox News that the bill raises taxes and “calling it an inflation reduction bill is rather laughable.”<\/p><\/blockquote>\n

Fox News has the article here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

This is a warning that a letter written by 230 economists warns about. These economists argue … Democrat bill intended to reduce inflation would contribute to skyrocketing inflation<\/span>Read more<\/a><\/p>\n","protected":false},"author":661,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,13],"tags":[],"class_list":["post-128706","post","type-post","status-publish","format-standard","hentry","category-economy","category-society"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/128706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128706"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/128706\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}