Like paying for sky-high gas, groceries? Wish Biden's Inflation Reduction Act a happy anniversary
Fox News
The Inflation Reduction Act was passed by Congress one year ago this month. President Biden and others promised Americans the law would attack inflation. They were wrong.
Republican Jason Smith represents Missouri's 8th Congressional District and is Chairman of the House Ways and Means Committee.
Nevertheless, working families are paying the price for that law while the wealthy and well-connected continue to reap its benefits. As hard-earned taxpayer dollars from the IRA go into the pockets of billion-dollar corporations and big banks, inflation continues to steal from workers’ paychecks.
One year in, it is clear that what is needed today is relief for the working class and Main Street businesses – something the IRA will never provide.
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