ABC’s Jon Karl questions Inflation Reduction Act’s name: ‘Almost Orwellian’

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ABC’s Jon Karl questions Inflation Reduction Act’s name: ‘Almost Orwellian’
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The CBO found recently passed bill would have a “negligible” impact on inflation this year and next.

Karl noted recent analysis from the non-partisan Congressional Budget Office. Despite its legislation’s branding, the CBO found recently passed bill would have a “negligible” impact on inflation this year and next.. “How can you call it the Inflation Reduction Act when the nonpartisan experts say it’s not going to bring it down?”

“It was the top line number, there’s more in there that shows that it will have the money,” Jean-Pierre responded. “Remember how we’re doing this, too. It’s making sure that billionaires in corporate America are paying their fair share, making sure that the tax code is a little bit more fair.”abc“And so when you do that, when you put it in its totality, you will see it will bring down, lower the deficit, which will help fight inflation,” she added.

as an irresponsible push for the Biden administration’s partisan policy goals, with Rep. Kevin Brady labeling the bill a “hoax” with a misleading name.

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