By Lubbock Times |
Aug 15, 2024
Tomorrow, August 16, 2024, marks the second anniversary of the 'Inflation Reduction Act' (IRA) becoming law. Despite claims by Democrats, the IRA did not reduce inflation or the national deficit. On the contrary, the IRA’s massive spending caused inflation to rise and projected 10-year deficits are over $6 trillion higher than when the IRA passed. House Budget Committee Chairman Jodey Arrington (R-TX) released a statement on this milestone.