#shorts On 8/16/2023, a reporter asked, “

other clips of this published longer video is here: https://youtu.be/P5bDdxZAEUs #shorts On 8/16/2023, a reporter asked, “John, this question is for you. Initially, the White House said the Inflation Reduction Act was about bringing down costs for families. A number of economists concluded that the inflation that has come down was not a direct result of the IRA. And meantime, we were told initially that the climate investments in this bill would cost somewhere around $385 billion. Now we’ve got new estimates putting that number at at least $1.4 trillion and potentially could go even higher — because of the uncapped portions. You know, I want to take another stab at Asma’s question, because I think it’s important, going into 2024, where you’ve said yourselves that voters don’t understand everything the President has done. Polls keep showing that people are broadly unhappy with the President’s handling of inflation, in particular. And the President has said he wished he didn’t call this the Inflation Reduction Act. What should you call it?

MR. PODESTA: Well, he said, following that sentiment — because I think it’s a complicated bill — that it also has reduced costs. And I think it’s very important to note …

John Podesta On Inflation Reduction Act cost: With respect to the cost, I haven’t heard that one yet
MR. PODESTA: I think that the statute is working as it’s intended. With respect to the cost, that’s — that’s on the — I — you know, I haven’t heard that one yet. But I think —

Reporter: It’s Penn Wharton — that one.
MR. PODESTA: I think the Joint Tax Committee said that there’s been a greater take-up of — of the manufacturing tax credit

other clips of this published longer video is here: https://youtu.be/l1smeqb-j0Y
John Podesta On Inflation Reduction Act cost: With respect to the cost, I haven’t heard that one yet