In another Lucy and Charlie Brown football scenario, the Democrats’ Inflation Reduction Act that they claimed would help Americans and not raise taxes on anyone making under $400,000 a year could reportedly cost taxpayers in excess of $20 billion in new taxes.
President Biden made a production out of signing the act in August which allegedly introduced $473 billion in new spending wasted on climate and healthcare. But any illusion that it would reduce inflation is about to be blown away.
Middle America will indeed pay new taxes regardless of what Biden and the Democrats claimed to sell them.
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