US News

Americans ‘Paying More for Less’ After Inflation Reduction Act

President Joe Biden may be touting the so-called success of “Bidenomics” on the campaign trail, but economists say Americans have “nothing to celebrate” a year after the passing of the Inflation Reduction Act – which did nothing to reduce inflation, as the cost of gas and grocery prices skyrocketed.

Democrats on Aug. 16 celebrated the one-year anniversary of their signature bill, which amounted to a $740 billion spending bill that is essentially “historic” climate legislation with a misleading name. Still, Biden, during a press event to mark the occasion, declared that the act was having the effect that was intended and was proof that “Bidenomics” is “working.”

Source link


I'm TruthUSA, the author behind TruthUSA News Hub located at With our One Story at a Time," my aim is to provide you with unbiased and comprehensive news coverage. I dive deep into the latest happenings in the US and global events, and bring you objective stories sourced from reputable sources. My goal is to keep you informed and enlightened, ensuring you have access to the truth. Stay tuned to TruthUSA News Hub to discover the reality behind the headlines and gain a well-rounded perspective on the world.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.