News Analysis
Although our legacy media have dutifully described the Chuck Schumer (D-N.Y.)/Joe Manchin (D-W.Va.) climate bill as the “Inflation Reduction Act,” it’s no stretch to call that a misnomer.
After all, the nonpartisan Congressional Budget Office (CBO) said the legislation would have a “negligible effect on inflation.”
Yet, even before the bill passed the Senate on Aug. 8, another name for it took hold: the new Green New Deal. The left’s “Inflation Reduction Act” is just a Trojan Horse for their socialist agenda – $370B for the Green New Deal, $64B for Obamacare, and $313B in taxes on small businesses….