Please ensure Javascript is enabled for purposes of website accessibility
The Wall Street Journal Says Inflation Reduction Act a Big Con
News
By News
Published 2 years ago on
March 27, 2023

Share

Getting your Trinity Audio player ready...

The Wall Street Journal’s editorial board has written a scathing opinion piece against the Biden administration, based on a newly released research report by Goldman Sachs regarding the Inflation Reduction Act (IRA).

The IRA, which was expected to reduce the budget deficit, has been projected to cost taxpayers $1.2 trillion by Goldman Sachs, due to accounting techniques and Democrats’ interpretation of tax credit conditions.

In the report, Goldman says that the actual cost of the IRA is three times more than what was forecasted.

The Wall Street Journal says Democrats used “accounting gimmicks” when saying it would reduce the deficit.

Read more at The Wall Street Journal

 

RELATED TOPICS:

Search

Help continue the work that gets you the news that matters most.

Send this to a friend