Please ensure Javascript is enabled for purposes of website accessibility

Poorest Americans Dealt Biggest Blow Under Senate Republican Tax Package

3 hours ago

Trump Vowed to Dismantle MS-13. His Deal With Bukele Threatens That Effort.

7 hours ago

Ukraine Voices Concern as US Halts Some Missile Shipments

7 hours ago

Poll: Most Americans Say National Divide, Political Violence Threaten Democracy

8 hours ago

Paramount Settles With Trump Over ‘60 Minutes’ Interview for $16 Million

8 hours ago

Republicans Tee up House Vote on Trump Bill, Outcome Uncertain

8 hours ago

What’s Next for Sean ‘Diddy’ Combs After His Sex Trafficking Trial?

8 hours ago

Dalai Lama Says He Will Be Reincarnated, Trust Will Identify Successor

8 hours ago
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:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

House Republicans Say They Expect to Vote Tonight on Trump’s Tax-Cut Bill

DON'T MISS

San Luis Obispo’s Madre Fire Grows to 8,300 Acres, Prompts Evacuations

DON'T MISS

SLO Deputies Fatally Shoot Man in Los Osos Weeks After US Marshal Impersonation Arrest

DON'T MISS

Madera County Deputy Injured, Wanted Felon Arrested After Violent Struggle

DON'T MISS

San Luis Obispo County Wildfire Burns More Than 3,000 Acres. No Containment Yet

DON'T MISS

Wired Wednesday: Why Is State Lawmaker Taking Aim at Rooftop Solar?

DON'T MISS

Two Visalia Men Sentenced in 2021 Motel Killing

DON'T MISS

Ex-Jan. 6 Defendant Gets Life in Prison for Plot to Kill FBI Agents

DON'T MISS

Del Monte Files for Bankruptcy. Gets Nearly $1B to Keep Producing Through Process

DON'T MISS

Who is Running for Fresno Area Offices in 2026? An Updated Look

UP NEXT

Del Monte Files for Bankruptcy. Gets Nearly $1B to Keep Producing Through Process

UP NEXT

US Judge Blocks Trump Asylum Ban at US-Mexico Border, Says He Exceeded Authority

UP NEXT

Poll: Most Americans Say National Divide, Political Violence Threaten Democracy

UP NEXT

Republicans Tee up House Vote on Trump Bill, Outcome Uncertain

UP NEXT

Wall Street Edges Down After ADP Shock. Focus on Trade Talks, Payrolls Data

UP NEXT

New California Environmental Rollbacks Could Boost Housing Projects in Fresno

UP NEXT

Trump Floats Daughter-in-Law Lara Trump for Senate Run in North Carolina

UP NEXT

Trump Says US Could Reach Trade Deal With India, Casts Doubt on Deal With Japan

UP NEXT

California Republicans Send Message to Trump: Deport Criminals, Not Our Vital Workers

UP NEXT

US Senate Strikes AI Regulation Ban From Trump Megabill

Madera County Deputy Injured, Wanted Felon Arrested After Violent Struggle

55 minutes ago

San Luis Obispo County Wildfire Burns More Than 3,000 Acres. No Containment Yet

58 minutes ago

Wired Wednesday: Why Is State Lawmaker Taking Aim at Rooftop Solar?

1 hour ago

Two Visalia Men Sentenced in 2021 Motel Killing

2 hours ago

Ex-Jan. 6 Defendant Gets Life in Prison for Plot to Kill FBI Agents

2 hours ago

Del Monte Files for Bankruptcy. Gets Nearly $1B to Keep Producing Through Process

2 hours ago

Who is Running for Fresno Area Offices in 2026? An Updated Look

3 hours ago

CIA Review Finds Flaws but Does Not Dispute Finding Putin Sought to Sway 2016 Vote to Trump

3 hours ago

Poorest Americans Dealt Biggest Blow Under Senate Republican Tax Package

3 hours ago

Check Out Newest Downtown Mural. It’s a Spectacular Tribute to Fresno Artisans

4 hours ago

House Republicans Say They Expect to Vote Tonight on Trump’s Tax-Cut Bill

WASHINGTON – Republicans in the House of Representatives on Wednesday struggled to pass President Donald Trump’s massive tax-cut...

10 minutes ago

Speaker of the House Mike Johnson speaks to the press, as Republican lawmakers struggle to pass U.S. President Donald Trump's sweeping spending and tax bill, on Capitol Hill, in Washington, D.C., U.S., July 2, 2025. (Reuters/Annabelle Gordon)
10 minutes ago

House Republicans Say They Expect to Vote Tonight on Trump’s Tax-Cut Bill

The Madre Fire in San Luis Obispo County has rapidly expanded to 8,396 acres with no containment, prompting evacuation orders and warnings near New Cuyama. (CalFire)
16 minutes ago

San Luis Obispo’s Madre Fire Grows to 8,300 Acres, Prompts Evacuations

Andrew Biscay, 40, was arrested Friday, June 20, 2025, after deputies found him with a fake U.S. Marshal’s badge, homemade firearm, and law enforcement-style gear during a warrant arrest. (Madera County SO)
23 minutes ago

SLO Deputies Fatally Shoot Man in Los Osos Weeks After US Marshal Impersonation Arrest

On Tuesday, July 1, 2025, a Madera County sheriff’s deputy was injured while trying to arrest a wanted felon, Felix Adrian Nucamendi Carrasco, 40, who later fled and was captured near Raymond Road. (Madera County SO)
55 minutes ago

Madera County Deputy Injured, Wanted Felon Arrested After Violent Struggle

A wildfire dubbed the Madre Fire has burned over 3,300 acres near New Cuyama with 0% containment, officials said Wednesday, July 2, 2025. (CalFire)
58 minutes ago

San Luis Obispo County Wildfire Burns More Than 3,000 Acres. No Containment Yet

1 hour ago

Wired Wednesday: Why Is State Lawmaker Taking Aim at Rooftop Solar?

Jose Luna (left), 33, and Ralph Grajeda, 45, both of Visalia, have been sentenced for their roles in the 2020 shotgun killing of Robert Soto at a local motel. (Tulare County DA)
2 hours ago

Two Visalia Men Sentenced in 2021 Motel Killing

A U.S. Justice Department logo or seal showing Justice Department headquarters, known as "Main Justice," is seen behind the podium in the Department's headquarters briefing room before a news conference with the Attorney General in Washington, January 24, 2023. (Reuters File)
2 hours ago

Ex-Jan. 6 Defendant Gets Life in Prison for Plot to Kill FBI Agents

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

Search

Send this to a friend