On Sunday afternoon, it took all 50 Democratic senators, along with Vice President Kamala Harris, to pass their deceptively named Inflation Reduction Act (H.R. 5376) by a 51–50 vote, sending it to the House. The bill at one time was thought to have been “dead in the water,” but gained life with the support of Senators Kyrsten Sinema (D-Ariz.) and Joe Manchin (D-W.V.).
Today’s sky-high inflation is largely caused by last year’s Democratic spending of $1.9 trillion in the taxpayer-funded American Rescue Plan. Spending another $740 billion on climate and healthcare boondoggles with this bill will only accelerate inflation.
Political analyst David Harsanyi notes, “The Inflation Reduction Act is to inflation what the Affordable Care Act — which doubled premium costs — was to health care insurance.”
