Senate Environment and Public Works Committee Republicans handed down a report card on the Democrats' signature Inflation Reduction Act, giving it a resounding 'F.'
The report highlighted several"example IRA programs," including a $27 billion"Greenhouse Gas Reduction Fund," $5 billion in"Climate Pollution Reduction Grants," $3 billion in"Environmental and Climate Justice Block Grants," and other initiatives totaling $41.5 billion in funding for the Environmental Protection Agency via the law.
Biden admitted Thursday that Democrats' signature Inflation Reduction Act wasn't as much about actually reducing the then-record-high inflation facing the nation as he originally touted to the American people. "And so, we're now in a situation where if you take a look at what we're doing in the Inflation Reduction Act, we're literally reducing the cost of people being able to make their — meet their basic needs," Biden said.
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