The Inflation Reduction Act isn’t likely to reduce much inflation —that’s according to the non-partisan Congressional Budget Office. But White House Press Sec. Karine Jean-Pierre is defending the name, anyway.
“Isn’t it almost Orwellian?” ABC News anchor Jon Karl said on This Week.“How can you call it the Inflation Reduction Act when the nonpartisan experts say it’s not going to bring it down?”
According to The New York Post, “Jean-Pierre deflected Karl’s question, arguing the White House has ‘actually addressed this with the CBO.’ She pointed to the legislation’s tax hikes on corporations and the wealthiest Americans, which Democrats say will cover the cost of its hefty price tag over the next decade.”
“It was the top line number, there’s more in there that shows that it will have the money,” Jean-Pierre responded. “Remember how we’re doing this, too. It’s making sure that billionaires in corporate America are paying their fair share, making sure that the tax code is a little bit more fair.”
“And so when you do that, when you put it in its totality, you will see it will bring down, lower the deficit, which will help fight inflation,” she added.
Watch the clip above.
ABC's Jon Karl cites CBO report, asks Karine Jean-Pierre if the Inflation Reduction Act is 'Orwellian' https://t.co/kWAfcrM72n
— Fox News (@FoxNews) August 15, 2022
Thank you for visiting