‘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

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.