Biden Signs Inflation Reduction Act #shorts #inflationreductionact
The re-built Build Back Better Plan, now called the “Inflation Reduction Act,” was signed into law Tuesday by President Biden, promising that inflation would eventually come down due to a combination of higher taxes, deficit reduction measures, and new revenue streams for green energy.
However, various independent studies show the reduction in inflation would be minimal and years away. Inflation is currently raging near its highest level in four decades, hitting average Americans hard in areas like groceries, rent, car prices, and gas.
Read the full story from CBN’s Brody Carter:
https://www1.cbn.com/cbnnews/politics/2022/august/biden-signs-inflation-reduction-act-critics-explain-how-the-middle-class-will-end-up-paying-for-it
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For more on how the IRS is impacted by the Inflation Reduction Act, read here: https://apnews.com/article/inflation-ap-fact-check-congress-government-and-politics-11eae023a3dc3a04584371843234cab7?fbclid=IwAR0rbNcQGZfP9-8T6A2WpA6XvU5WR4S14E5-rnU2kB2zfQ4WMfADQ9cs_GQ
