Tax experts are still trying to work out exactly what the so-called Inflation Reduction Act will cost average Americans.
, carveouts, and subsidies which purports to ease inflation by reducing the deficit and hiking taxes — will cost average Americans.MICHAEL REYNOLDS/EPA-EFE/Shutter
While the CBO is still crunching the numbers on the $740 billion energy and health care spending bill, they have made one thing clear: The legislation— the very problem it supposedly tackles — in at least 2022 and 2023. “The real damage here is through this incredibly haphazard legislation: Passing massive bills without the usual quality control process, without committee hearings, without any of the things that really create quality legislation that can last a long time,” Lucier added.
Bernie Sanders has slammed the “so-called” Inflation Reduction Act saying it will have “a minimal impact on inflation.”While Americans wait to see just how badly the bill — which the House is expected to pass and send to President Biden sometime Friday — will beat up their wallets, Americans for Tax Reform has
of the biggest costs to families based on a combination of data from the CBO and Congress’ Joint Committee on Taxation.
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