(RepublicanWire.org) – Rep. Jamie Raskin (D-MD) was caught off guard and resorts to dodging a question when asked how the Inflation Reduction Act would reduce inflation.
Multiple studies on the Inflation Reduction Act, have found that it would do little to nothing to reduce inflation.
One reporter asked Raskin, “What parts of the bill do you think will put to work on lowering inflation specifically?”
Raskin was stumped and didn’t know how to respond, he stammered momentarily and said, “next question.”
Despite the bill’s title, the Congressional Budget Office (CBO) found that the legislation would not reduce inflation, and the University of Pennsylvania’s Wharton Budget Model analysis found that the bill would only reduce inflation by 0.1 percent over five years.
Breitbart News Economics Editor John Carney reported just 12 percent of Americans say the bill will reduce inflation. Forty percent say it will increase inflation. Twenty-three percent say it will do nothing. Twenty-five percent say they are not sure what the effect would be.