Amazing how fast "inflation" fell out of the narrative once the "Inflation Reducation Act" was passed...
American Family News (8/10/22) reports: "The boondoggle of a bill, estimated to cost $720 billion, is now headed to the U.S. House after passing the Senate, where Vice President Kamala Harris cast a tie-breaking vote, The Associated Press reported earlier this week. In that same AP story, the wire service summarized the legislation: 'It includes the largest-ever federal effort on alleged climate change — close to $400 billion — caps out-of-pocket drug costs for seniors on Medicare to $2,000 a year and extends expiring subsidies that help 13 million people afford health insurance.' Missing from that summary is the word 'inflation' but the AP notes, farther down in its story, that 'nonpartisan analysts' have said the Inflation Reduction Act will have a 'minor effect on surging consumer prices. Those 'surging consumer prices' that are hitting records not seen in 40 years include milk (16%), eggs (33%), and chicken (18%) you put in your grocery cart, and the summer electric bill in the Northeast (16%), and nearly everything sold on a store shelf or at a gas pump, but Senate Majority Leader Chuck Schumer said the bill will 'endure as one of the defining legislative feats of the 21st Century.' Dan Kish of the Institute for Energy Research says the bill reads like a newer version of the Green New Deal than addressing inflation reduction for energy. 'This bill raises taxes on coal and oil and gas fees – you name it,' he tells AFN, because the climate change activists are pushing the public to drive electric vehicles and to depend on wind and solar. 'That is precisely what the bill does, and it takes a huge amount of money to do so,' he complains. 'And as they roll out the provisions, it is going to be very harmful.'”
|
|
|
|
|
|
"The bill seeks to spend close to $400 billion on Green New Deal-esque priorities like green energy subsidies and “climate justice.” This comes just as recent polling shows that a whopping two-thirds of Americans support lowering gas prices over lower carbon emissions. Unsurprisingly, this bill focuses only on the latter at the expense of the taxpayer."
– Adam Brandon,
FreedomWorks
|
|
|
|
|
|
