https://issuesinsights.com/2022/08/16/job-one-for-the-gop-kill-the-inflation-reduction-act/
“Simply put, the IRA is jam-packed with Democratic Party crackpot ideas that couldn’t get passed on their own. It is the most rancid of rotten policy stews cooked up in more than a decade. Republicans need to campaign for the midterms on the sworn pledge that if they get veto-proof majorities in both chambers, they’ll repeal it. Fake promises, like the ones made about Obamacare, are unacceptable.”
Joe Biden’s $700 billion Inflation Reduction Act passed both the Senate and House without a single vote from Republicans. It has zero redeeming value and is the most wretched bill out of Washington since Obamacare was approved in 2010. The GOP has to take it off the books.
As we pointed out in this space weeks ago, the entire bill is a lie. It has nothing whatsoever to do with inflation and, in fact, won’t reduce it at all. The University of Pennsylvania’s Penn Wharton Budget Model says the IRA’s “impact on inflation is statistically indistinguishable from zero.” Bill Adams, chief economist for Comerica Bank, says it won’t rein in rising prices “over the short run.” Even the Congressional Budget Office says it does nothing to address inflation.