During a fundraiser in Utah on Thursday, President Biden came clean about the deceptive naming of his signature Inflation Reduction Act; “I wish I hadn’t called it that,” Joe told the crowd.
“I wish I hadn’t called it that. It has less to do with reducing inflation than it does providing for alternatives that generate economic growth,” Biden said during an appearance at a campaign fundraiser in Park City, Utah according to the press pool report.
“And so, we’re now in a situation where if you take a look at what we’re doing in the Inflation Reduction Act, we’re literally reducing the cost of people being able to make their — meet their basic needs,” Biden said.
“Even when there is inflation there is a way to provide breathing room,” he added, citing negotiating medical prices as one example.
Joe’s comments in Utah fly in the face of Joe’s July 2022 comments on the legislation; “The Inflation Reduction Act is the strongest bill you can pass. It will lower inflation, cut the deficit, reduce health care costs, tackle the climate crisis, and promote energy security,” he said.
Way to go, Joe.
Biden admits Inflation Reduction Act had 'less to do with inflation' than he originally sold to Americans https://t.co/BxK84ZoRk4
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