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White House stands by Inflation Reduction Act after CBO warns inflation won’t drop as a result

White House press secretary Karine Jean-Pierre insisted that lowering inflation is ‘exactly’ what the legislation will do

File/The White House, Public domain, via Wikimedia Commons

By Andrew Miller

FOXBusiness

The White House is defending the Inflation Reduction Act against a report from the nonpartisan Congressional Budget Office that suggests the legislation will not meaningfully lower inflation in the coming years.

“Could you address the new CBO analysis about the Inflation Reduction Act that says it would have almost no impact or negligible impact on inflation in 2022 and 2023,” White House press secretary Karine Jean-Pierre was asked during a Friday briefing.

Click the link below to read the rest of this story

https://www.foxbusiness.com/politics/white-house-stands-by-inflation-reduction-act-after-cbo-warns-inflation-wont-drop-result

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