The Biden White House just admitted their own “Inflation Reduction Act” branding is complete B.S.
White House Senior Communications Advisor Jesse Lee insisted the Moody’s Analytics analysis of Democrats’ reconciliation bill is the “overwhelming consensus.”
This is actually the overwhelming consensus. https://t.co/BSpEOQhwe2
— Jesse Lee (@JesseLee46) August 1, 2022
What did Moody’s Analytics find? That the bill would have almost no impact on inflation. Per the analysis, the bill would have a minuscule impact by 2025, culminating in a 0.33% decrease ten years from now. This comes after the Penn Wharton Budget Model estimated the bill would have no impact on inflation. It would in fact likely increase inflation before 2024.
Since the White House has currently forgotten, consumer price inflation is currently raging at 9.1%. But what does this bill actually do? Raise taxes on Americans making as little as $30,000 per year.
Pushing B.S. branding to force through a Biden Tax Hike – sounds like a Bidenflation Scam to me.
