Democrats' New Proposal Does Nothing to Lower Inflation

Pumping hundreds of billions into the economy will do nothing to alleviate inflation.

Let's also remember the Democrats' deflection on inflation last year-claiming it was "Transitory" and "No serious economist" is "Suggesting there's unchecked inflation on the way," and so on-was all part of a concerted political effort to ignore the problem long enough to cram through a $5.5 trillion iteration of their agenda.

Unless West Virginians are clamoring to buy already heavily subsidized electric cars, the bill gives them nothing.

The Inflation Reduction Act features new taxes on natural gas and coal production.

In the end, nearly every reporter is going to allow Democrats to pretend that $430 billion is a pared-down bill, a mighty political sacrifice, because what they really wanted was a $3.5 trillion bill.

They're going to allow Democrats to pretend that bill lives up to its name, when it does nothing of the sort.

The Inflation Reduction Act is to inflation what the Affordable Care Act-which doubled premium costs-was to health care insurance.
 

https://www.dailysignal.com/2022/07/28/democrats-new-proposal-does-nothing-to-lower-inflation/