The Democrats’ So-Called ‘Inflation Reduction Act’ Is Probably Going To Make Things Worse

The Democrats have passed their ‘Inflation Reduction Act’ but unfortunately, it’s probably not going to do a thing to reduce inflation.

In fact, it’s likely to make the situation worse.

Despite what Democrats are saying, the country is in a recession and the Democrats are about to raise spending and taxes, the worst thing to do right now.

The bill was little more than a Democrat wish list.

Townhall reports:

Here’s What Democrats Passed in Their Dumpster Fire Spending Bill Over the Weekend

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The folks at the Republican Study Committee — led by Rep. Jim Banks (R-IN) — often read the hellish hundreds of pages that constitute Democrats’ legislative agenda and summarize the worst of the worst provisions, and they just released an updated review of Senate Democrats’ so-called “Inflation Reduction Act” (which, spoiler alert, won’t reduce inflation) as it was passed following an overnight session this weekend.

RSC’s memo on the legislation — supposedly crafted to help Americans — found more than 50 insane and inane policies. In no particular order, here are some of the ridiculous things that are part of the bill sold as helping Americans struggling under Biden and his party’s flawed policies.

$369 billion worth of taxpayer dollars to fund “green” energy projects — passed without any significant restrictions to keep the funds from enriching the Chinese Communist Party (China owns 80 percent of the natural resources needed to make “green” products) while they continue their Uyghur genocide.

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$60 billion in corporate welfare to “green” companies — a Solyndra scandal on steroids in the making. As Townhall often highlights, the pain created by the Biden administration’s war on energy is the point. Rather than helping Americans by investing in safe and reliable energy that’s cheap and proven, Democrats are giving tax credits to “green” companies while forcing Americans to join Biden’s quixotic “transition” to alternative energy and paying higher taxes on top of the higher costs just to be “green.

$3 billion for the Department of Transportation to look into racist infrastructure. There are just…no words.

It’s not going to help average people at all.

November can’t get here soon enough.

 

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