The Inflation Reduction Act (IRA) of 2022 has reignited the debate over the root cause of today’s inflationary environment and recession. From global supply chain snafus to Russia’s invasion of Ukraine, many economists and market analysts have alluded to a wide range of issues adding to the highest level of the Consumer Price Index (CPI)…
Democrat Spending Spree Nears $3.5 Trillion with Inflation Reduction Act
August 8, 2022
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The passage of the Inflation Reduction Act over the weekend brings the total amount of spending in the pipeline by congressional Democrats to around $3.5 trillion since President Joe Biden took office, with the imposing tally coming as Americans struggle with an inflationary cost-of-living crisis. Senators passed the sweeping bill (pdf), estimated at $740 billion,…
Democrat Spending Nears $3.5 Trillion with Inflation Reduction Act
August 8, 2022
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Business & Marketsdeficiteconomic policieseconomyinflationInflation Reduction ActPolicies & ImpactsspendingUSUS News
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The passage of the Inflation Reduction Act over the weekend brings the total amount of spending in the pipeline by congressional Democrats to around $3.5 trillion since President Joe Biden took office, with the imposing tally coming as Americans struggle with an inflationary cost-of-living crisis. Senators passed the sweeping bill (pdf), estimated at $740 billion,…
Senate Begins Vote-a-Rama on ‘Inflation Reduction’ Bill
August 7, 2022
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The Senate late on Aug. 6 began holding a “vote-a-rama” on a spending bill that would authorize some $430 billion in new federal spending to fulfill key elements of President Joe Biden’s agenda on climate, energy, taxes, and health care. The legislation, dubbed the “Inflation Reduction Act of 2022,” has been pushed by Senate Democrats…
Democrats Advance ‘Inflation Reduction’ Bill in 50–51 Vote
Senate Democrats on Aug. 6 advanced a mammoth spending bill on climate and energy, health care, and taxes, after overcoming unanimous Republican opposition in the evenly divided chamber. The procedural vote to advance the Democratic bill—which authorizes over $400 billion in new spending—was 51–50 after Vice President Kamala Harris arrived at the Capitol to cast a vote, breaking…
Democrats Advance ‘Inflation Reduction’ Bill in 51–50 Vote
Senate Democrats on Aug. 6 advanced a mammoth spending bill on climate and energy, health care, and taxes, after overcoming unanimous Republican opposition in the evenly divided chamber. The procedural vote to advance the Democratic bill—which authorizes over $400 billion in new spending—was 51–50 after Vice President Kamala Harris arrived at the Capitol to cast a vote, breaking…
Experts Divided Over Long-Term Economic Effects of the Inflation Reduction Act
Despite Democrats’ claims that the Inflation Reduction Act will ultimately serve to reduce consumer prices and spur economic growth, experts remain divided, with some predicting that the bill will worsen inflation and lead to stagnation in growth. The bill, hammered out as a compromise agreement between moderate Sen. Joe Manchin (D-W.Va.) and Senate Majority Leader…
Economic Analysts Divided Over Long-Term Effects of the Inflation Reduction Act
Despite Democrats’ claims that the Inflation Reduction Act will ultimately serve to reduce consumer prices and spur economic growth, economic analysts remain divided, with some predicting that the bill will worsen inflation and lead to stagnation in growth. The bill, hammered out as a compromise agreement between moderate Sen. Joe Manchin (D-W.Va.) and Senate Majority…
‘Green’ Mining Meets Resistance from Environmentalists
August 5, 2022
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As the Democrat-controlled Senate lines up the party-line votes to pass the Inflation Reduction Act, featuring $369 billion in new federal spending for wind, solar, and electric vehicles (EVs), environmentalists are uncertain whether to cheer or weep. If passed, the bill would be a victory for advocates of “renewable” energy and the elimination of fossil…
[PREMIERING at 3PM ET] Ep. 44: Today They’re Targeting Trump; Tomorrow It Could Be Black Lives Matter | The Larry Elder Show
August 5, 2022
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“Today they’re targeting Trump. Tomorrow it could be Black Lives Matter, or union organizers, or even a progressive president when the roles are flipped,” civil liberties lawyer Alan Dershowitz said, days after The Washington Post reported that the Justice Department is investigating Trump’s actions as part of its criminal probe into the breach of the…
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