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…
Inflation Reduction Act Will Add to Deficit for First Six Years: CBO
August 4, 2022
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budget deficitBusiness & Marketseconomyhigh inflationinflationInflation Reduction ActstagflationUSUS NewsUS Sen. Joe Manchin
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