Inflation Reduction Act Won't Fix Inflation, Will Hurt the Economy

At the eleventh hour, Democrats are scrambling to rush through a slimmed-down version of their reconciliation package from last year, this time apparently with key Sen. Joe Manchin (D-WV) on board. Unfortunately, the so-called Inflation Reduction Act (IRA) is full of recycled bad tax policy ideas that are unlikely to have any impact on inflation whatsoever — as nonpartisan studies have already found.

Read the full story here