WH: Report of Taxes Inflation Reduction Bill “Incomplete”; Penn Wharton & Moodys: not curb inflation



Joe Biden , Transition the Press out , Inflation Reduction Act ,
On 8/1/2022, during press conference, Fox News reporter Peter Doocy asked White House Press Secretary Karine Jean-Pierre about a report from the nonpartisan joint committee on taxation that says the “Inflation Reduction Act” currently bouncing around among Senate Democrats will raise taxes on most working Americans. Despite nonpartisan report, Jean-Pierre denies the new bill would raise taxes on middle class Americans. Doocy asked: “The Joint Committee on Taxation, which you guys heralded as an effective body when you were selling the infrastructure package, is not to be trusted here?”

Jean-Pierre said the report from the group, who they cited regarding the infrastructure bill earlier this year, is “incomplete” because it doesn’t count the benefits from clean energy, planned utility cost savings, and alleged reductions in the cost of prescription drugs as actually being good enough to make up for the increase in taxes. “That is incorrect,” she said of Joint Committee on Taxation assessment that Inflation Reduction Act would raise taxes on folks making less than $400K. She adds that early analysis “is incomplete” because it doesn’t take into account benefits.

Jean-Pierre can’t say why Biden hasn’t commented on Chinese threats against Nancy Pelosi.

On 8/1/2022, Democrat Senator Joe Manchin refused to offer any evidence of the Democrats’ new bill and how it will curb inflation, during a segment on CNN’s “Newsroom” with Manu Raju.

On 8/1/2022, CNN reported how Penn Wharton and Moody’s said the Democrats’ new bill will “do little to curb inflation,” during a segment on CNN’s “Newsroom” with Manu Raju.

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WH: Report of Taxes Inflation Reduction Bill is “Incomplete”; Penn Wharton & Moody’s: not curb inflation

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