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What Do the Facts Show? The Data Behind Manchin and Schumer’s “Inflation Reduction Act” Contradict the Name

by The Blue State Conservative
July 31, 2022
in Economy
What Do The Facts Show? The Data Behind Manchin and Schumer’s “Inflation Reduction Act” Contradict The Name

NPR – Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.Va., have released preliminary details of a bill to address climate change, taxes, health care, and inflation.

The agreement is a major reversal for Democrats, who had narrowed their ambitions for the package to address looming lapses in the Affordable Care Act and changes to prescription drug prices after Manchin raised concerns over approving more spending during record inflation.

“ After many months of negotiations , we have finalized legislative text that will invest approximately $300 billion in Deficit Reduction and $369.75 billion in Energy Security and Climate Change […]

Read the rest of this story here: thebluestateconservative.com

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