Democrats Go Silent When Asked When the Inflation Reduction Bill Will Reduce Inflation – Opinion

It would appear any politician who voted for the Inflation Reduction Act in the hope of reducing inflation got played because the Democrats that created and pushed for its passage can’t seem to answer when the bill they passed will do what the name says it will do.

But they’re excited to tell you just how great it is for the environment.

Fox News reports that Tuesday’s question to the White House asked them when inflation could begin to fall. It was not satisfactory and was made even worse by the assurances they gave us that it would.

In response to a request from Fox News Digital on Tuesday, the White House did not immediately provide economic modeling showing when the bill will begin to significantly impact overall inflation — which sits at 8.5% over a year ago as of July. A follow-up query about the White House’s ability to provide an economic model showing when it will begin to significantly impact overall inflation was not answered immediately.

The White House is nevertheless pushing back against the criticisms that the bill won’t do what its name suggests. It cites experts, including the Committee for a Responsible Federal Budget, which say the bill overall will have a “deflationary” effect. As measures to help Americans save money, it also mentions the tax credits for clean energy which will immediately go into action and the health policies that will come into force at year’s beginning in 2023.

The same question can be asked of Democrats. Fox News reported that Democrats more or less had the same answer that revolved around saying that they “hoped” the effects would kick in right away and then directed you to the shiny environment tax credits for green energy.

The Democrat’s answer was best represented by Rep. Jamie Raskin dismissed the question out of hand and without comment:

Rep. Jamie Raskin (D-Md.) stated that he hopes that the bill will immediately provide relief for Americans. But he didn’t detail when or how that would happen.

“As soon as the act goes into effect, I hope that all of the provisions will begin to work,” Raskin said. “I know that those who have been blaming President Biden for the inflation going up are now giving President Biden all of the credit for inflation going down.”

Asked which parts of the bill will work quickly to reduce inflation, Raskin said, “Next question.”

As even socialist Bernie Sanders of Vermont pointed out, there’s nothing in the Inflation Reduction Act that would actually help reduce inflation. CBO’s report found that the bill will do very little or nothing to decrease swelling. In fact, it would cause even more. Yet Democrats are less worried about this to the point that they don’t want to discuss it.

What the bill does do is infuse the IRS with billions of dollars and hire an army of IRS agents with the primary task of “enforcement.” Interestingly, Democrats didn’t seem to want to mention that about the bill either.

It’s pretty clear that the Democrats have, once again, used a crisis to push their own agenda. Anyone who bought into the claims that the crisis would benefit the economy are fools, even Republicans.

About Post Author

Follow Us