The Wall Street Journal Says Inflation Reduction Act a Big Con
News
By News
Published 12 months ago on
March 27, 2023
shutterstock_2210117829

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

Tech Lawyer and Philanthropist Nicole Shanahan Rumored as RFK Jr.’s VP Pick

DON'T MISS

Supreme Court Seems Favorable to Biden Administration Over Efforts to Combat Social Media Posts

DON'T MISS

Trump: Some Migrants Are ‘Not People’, There’ll Be a ‘Bloodbath’ if I Lose

DON'T MISS

Bredefeld, Chavez Win Attorneys Fees from Fresno County. Court Gives Chavez Blvd. a Green Light.

DON'T MISS

Crafts Retailer Joann Files for Chapter 11 Bankruptcy as Consumers Cut Back on Pandemic-Era Hobbies

DON'T MISS

Trump’s Lawyers Say It Is Impossible for Him to Post Bond Covering $454 Million Civil Fraud Judgment

DON'T MISS

Special Congressional Election Tuesday. How Many Have Voted Already?

DON'T MISS

New Challenge to SW Fresno Industrial Project: SoCal Enviro Group Sues City, Developer

DON'T MISS

Prosecutor Leaves Georgia Election Case Against Trump After Relationship With District Attorney

DON'T MISS

Supreme Court Rules Public Officials Can Sometimes Be Sued for Blocking Critics on Social Media

No data was found

The 49ers Have Been Docked a 2025 Fifth-Round Draft Pick for an Accounting Error

12 hours ago

Fresno Bank Sued. It Allegedly Helped Bitwise Commit Fraud.

Bitwise /

12 hours ago

How California’s Prized Solution for Methane Gas Is Backfiring on Farmers

Environment /

15 hours ago

Supreme Court Seems Favorable to Biden Administration Over Efforts to Combat Social Media Posts

16 hours ago

Putin Extends Rule in Preordained Russian Election After Harshest Crackdown Since Soviet Era

16 hours ago

Ohtani to Begin Throwing Program Soon. Roberts Hints Dodgers Star Might Play in the Field

16 hours ago

Trump: Some Migrants Are ‘Not People’, There’ll Be a ‘Bloodbath’ if I Lose

16 hours ago

Tech Lawyer and Philanthropist Nicole Shanahan Rumored as RFK Jr.’s VP Pick

News /

16 hours ago

March Madness is Here. UConn, Purdue, Houston and North Carolina Get Top Seeding in NCAA Tournament

17 hours ago

Crafts Retailer Joann Files for Chapter 11 Bankruptcy as Consumers Cut Back on Pandemic-Era Hobbies

17 hours ago

Records Show That Valley Children’s Leader Suntrapak’s Pay Exceeds $5 Million

â– Valley Children’s paid CEO Todd Suntrapak $5.2 million in 2021. The hospital also gave him a $5 million forgivable home loan. â– The Va...
Healthcare /

11 hours ago

Healthcare /
11 hours ago

Records Show That Valley Children’s Leader Suntrapak’s Pay Exceeds $5 Million

Local Education /
12 hours ago

3 Valley Schools Honored by State as Model Community Day Schools

Local Education /
12 hours ago

Will FUSD Trustees Look First Only at Internal Candidates in Superintendent Search?

12 hours ago

The 49ers Have Been Docked a 2025 Fifth-Round Draft Pick for an Accounting Error

Bitwise /
12 hours ago

Fresno Bank Sued. It Allegedly Helped Bitwise Commit Fraud.

Environment /
15 hours ago

How California’s Prized Solution for Methane Gas Is Backfiring on Farmers

16 hours ago

Supreme Court Seems Favorable to Biden Administration Over Efforts to Combat Social Media Posts

16 hours ago

Putin Extends Rule in Preordained Russian Election After Harshest Crackdown Since Soviet Era

MENU

CONNECT WITH US

Search

Send this to a friend