The Democrats’ $739 billion Inflation Reduction Act is “Orwellian,” said Sen. Ron Johnson (R-Wis.) on Fox News, saying that it will do nothing to help struggling Americans with high inflation.
President Biden signed the Inflation Reduction Act into law on Aug. 16, but White House officials have yet to say when the act would start reducing inflation or by what degree.
Overall U.S. inflation rates in July currently sit at 8.5 percent from a year ago, while U.S. gross domestic product (GDP) sits in recession territory.
The Wisconsin senator has cast severe doubt on the bill, which was pushed through by the Democrats with almost no Republican support, which they claim will help lower rising costs….