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

‘Inflation Reduction Act’ Is Euphemism for Big Government Socialism, Higher Prices
Senate Majority Leader Chuck Schumer (D-N.Y.) speaks to reporters during a news conference at the U.S. Capitol in Washington July 28, 2022. Drew Angerer/Getty Images
0:00
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.

Daren Bakst analyzes and writes about regulatory policy, trade, environmental policy, and related issues as a senior research fellow in regulatory policy studies at The Heritage Foundation.
twitter
Related Topics