Category: Inflation Reduction Act

Ep. 44: Today They’re Targeting Trump; Tomorrow It Could Be Black Lives Matter | The Larry Elder Show

“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…


Capitol Report (Aug. 4): China Fires Missiles Around Taiwan; White House Declares Monkeypox a Health Emergency

President Joe Biden is urging Congress to pass what’s dubbed the Inflation Reduction Act. But Republicans argue the bill will do the exact opposite of what its name suggests. China conducted live-fire drills, launching missiles into the waters near Taiwan, and Beijing says these so-called drills will continue for at least the next few days….


Inflation Reduction Act Will Add to Deficit for First Six Years: CBO

A recent report by the Congressional Budget Office (CBO) shows that Senate Democrats’ proposed Inflation Reduction Act will raise the budget deficit within the next six years. In the 10-year period between 2022 and 2031, the Inflation Reduction Act is calculated to reduce the budget deficit by $101.5 billion, according to the CBO report published…


Manchin-Schumer Energy Deal Proves the Power of The Swamp

Commentary Never doubt the power of The Swamp. That’s the apparent lesson to be learned from Senator Joe Manchin’s reversal on the energy-related provisions of the pending reconciliation bill. Last month, Manchin derailed the measure which included some $300 billion in energy-related provisions. Manchin was pilloried by climate activists and by former Obama advisor, John Podesta,…


US Government: The Corrupt Bank That Cannot Fail

Commentary Most of us barely paid attention last week when Congress, entirely under the control of one party, passed two huge pieces of legislation with a price tag of $730 billion. We get the headlines—transition to green energy and support chip manufacturing—but not the details simply because they are too voluminous. Members of Congress do…


Inflation Reduction Act Includes $30 Billion for Nuclear Reactors at Risk of Shutdown

The Inflation Reduction Act (IRA) of 2022 will help to finance struggling nuclear reactors and could save dozens from being shut down early thanks to a 10-year production tax credit. The $433 billion IRA, which was negotiated chiefly by U.S. Sen. Joe Manchin (D-W.Va.) with Senate Majority Leader Chuck Schumer (D-N.Y.), has been touted by Democrats as a way to fend…


‘Inflation Reduction Act’ Is Euphemism for Big Government Socialism, Higher Prices

Commentary In the midst of a recession, with inflation eating away an average of $6,800 in purchasing power from the incomes of families with two workers, the so-called Inflation Reduction Act would impose tax increases, manipulative federal subsidies, and price controls on every American family. The bill would deepen the growing recession, continue to depress…


The Democrats’ Lifespan Reduction Act

Commentary Across the pond, Brits are demanding their next prime minister do something to reduce the UK’s notorious cancer death rates. But here in the United States, Democrats are doing the opposite. They’re pushing for European-style price controls on drugs that will slow cancer cures and lead to more deaths. Americans enjoy the highest cancer…


The Lockdowns Kicked Off This Depression

Commentary If you were on vacation last week, good for you. You missed one of Congress’s greatest-ever scams. They just approved some $750 billion (do these numbers even mean anything anymore?) to “transition” us from fossil fuels and coal over to reliance on the wind and sun, and also to subsidize a bunch of chip…


Without Fiscal Responsibility, US Headed for a Worse Economic Crisis: Economic Policy Expert

With raging inflation and the Democrat-led Congress gathering enough Senate support to pass billions more in spending, Joel Griffith, a research fellow in the Thomas A. Roe Institute for economic policy studies at The Heritage Foundation, told NTD TV that if the United States does not rein in its irresponsible fiscal actions, the nation is…