The Democrats’ Inflation Reduction Scam

Earlier this week, President Biden signed the so-called Inflation Reduction Act into law. If a piece of legislation could fill a cup on cynicism, this one would overflow.

Despite its promising name, this legislation is just another example of Washington false advertising. No matter what words President Biden and Democrats in Washington use, the Inflation Reduction Act won’t deliver as promised, and they know it.

For too long, Americans have been suffering under Biden’s cruel economy. Prices for food, gasoline and housing – to name a few – have risen to levels not seen in decades. And most of these increases are a direct result of this administration’s failed policies, such as limiting the supply of abundant American energy, imposing costly new permitting requirements for building infrastructure, failing to deliver supply-side tax incentives, and massive new government spending.

And while the administration tries to paper over their rookie mistakes with misleading bill titles and rhetoric, the nonpartisan Congressional Budget Office (CBO), Penn Wharton economic forecasters, over 300 economists, and even Bernie Sanders agree – this legislation will not extinguish the fires of inflation anytime soon. It’s like using a squirt gun on a blazing inferno, and in fact may actually make matters worse.