Category: Inflation Reduction Act of 2022

Inflation Reduction Act Should Be Named ‘Exactly the Opposite,’ Will Have ‘Disastrous Effects’: Finance Professor

August 14, 2022
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The Democrats’ Inflation Reduction Act will not reduce inflation as claimed and might end up harming the American economy, a finance professor said in an interview with NTD. “They really didn’t name this inflation reduction act correctly, it should be exactly the opposite,” Michael Butler from Stockton University said in the interview. The Act will…

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House Set to Pass Inflation Reduction Act; Peloton Laying Off 800 Employees | NTD Business

August 12, 2022
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The House is set to pass the Inflation Reduction Act, but experts are divided on whether it will actually help Americans. Fitness company Peloton is laying off hundreds of workers and raising prices on exercise equipment. Johnson & Johnson is dropping talc-based baby powder next year, a product that has been at the center of tens of…

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Inflation Reduction Act Causing Inflation

August 9, 2022
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Commentary An additional $700 billion in government spending tied to the Inflation Reduction Act will make inflation worse, not better. The Inflation Reduction Act of 2022 is meant to curb inflation by laying out billions of dollars. This is contrary to economic logic, though, and even the Congressional Budget Office has said that this act…

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Sen Hawley Says GOP Can Learn From Dems After Legislative Victory

August 9, 2022
economic recessionhigh inflationInflation Reduction Act of 2022Policies & ImpactsPoliticsRepublicansSen. josh HawleyUS
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Sen. Josh Hawley (R-Mo.) has asked his party members to potentially learn from their Democrat opponents about how to push forward bills. Hawley’s comments came after the Democrats succeeded in getting the Inflation Reduction Act passed in a 50–50 vote, with Vice President Kamala Harris providing the tie-breaker. “I’ll give the Dems this. With a…

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Sen. Hawley Says GOP Can Learn From Democrats After Legislative Victory

August 9, 2022
economic recessionhigh inflationInflation Reduction Act of 2022Policies & ImpactsPoliticsRepublicansSen. josh HawleyUS
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Sen. Josh Hawley (R-Mo.) has asked his party members to potentially learn from their Democrat opponents about how to push forward bills. Hawley’s comments came after the Democrats succeeded in getting the Inflation Reduction Act passed in a 50–50 vote, with Vice President Kamala Harris providing the tie-breaker. “I’ll give the Dems this. With a…

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Stephen Moore on New Democrat Spending Bill; SoftBank Has Record Quarterly Net Loss | NTD Business

August 8, 2022
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The biggest climate bill in U.S. history is heading to the House after passing in the Senate. Economist Stephen Moore joins us for analysis. Japan’s SoftBank posts one of its biggest losses in history. Now, it’s selling its shares in some major companies. Tesla could lose its license to make and sell cars in California….

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Democrats Refusing to Ban Middle-Class Tax Hikes in New Spending Bill

August 8, 2022
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Democrats rejected a Republican proposal to ban tax hikes for the middle class while passing its new Inflation Reduction Act spending bill on Aug. 7. U.S. Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) filed an amendment to prevent the Internal Revenue Service (IRS) from using the $80 billion in new funds allocated under the…

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So-Called Inflation Reduction Act a ‘Massive Power Grab’ by Dems, Says Ted Cruz

August 8, 2022
Business & MarketscongressDemocratseconomic policieseconomic recessioneconomyinflationInflation Reduction Act of 2022Policies & ImpactsPoliticsstagflationTax Credits 2022USUS Budget DeficitUS News
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Sen. Ted Cruz (R-Tex.) has criticized Democrats for pushing their so-called Inflation Reduction Act, which he warns is a “terrible bill.” The bill will double the size of the Internal Revenue Service (IRS). But IRS agents are not designed to go after “billionaires and big corporations,” Cruz said in an interview with Fox News. “They’re…

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So-Called Inflation Reduction Act a ‘Massive Power Grab’ by Democrats: Sen. Cruz

August 8, 2022
Business & MarketscongressDemocratseconomic policieseconomic recessioneconomyinflationInflation Reduction Act of 2022Policies & ImpactsPoliticsstagflationTax Credits 2022USUS Budget DeficitUS News
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Sen. Ted Cruz (R-Tex.) has criticized Democrats for pushing their so-called Inflation Reduction Act, which he warns is a “terrible bill.” The bill will double the size of the Internal Revenue Service (IRS). But IRS agents are not designed to go after “billionaires and big corporations,” Cruz said in an interview with Fox News. “They’re…

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