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Manchin admits ‘Inflation Reduction Act’ won’t tame inflation for Americans anytime soon

Said it would take some time before investments brought down prices nationwide for Americans

MDGovpics, CC BY 2.0 <https://creativecommons.org/licenses/by/2.0>, via Wikimedia Commons

By Bradford Betz, Hillary Vaughn

FOXBusiness

Sen. Joe Manchin, D-W.Va., on Tuesday admitted that the Inflation Reduction Act won’t “immediately” temper inflation, telling reporters that the necessary investments needed to bring down prices would take some time.

Manchin’s comments came after President Biden signed the landmark climate change and health care bill into law on Tuesday, delivering what he has called the “final piece” of his pared-down domestic agenda. Though Democrats have labeled the measure the Inflation Reduction Act, nonpartisan analysts have said it will have a barely perceptible impact on prices.

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https://www.foxbusiness.com/politics/manchin-admits-inflation-reduction-act-wont-tame-inflation-americans-anytime-soon

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