Speaking to a reporter outside the Capitol on Monday, Rep. Jamie Raskin (D-MD) blatantly refused to answer a question on how the Inflation Reduction Act would reduce inflation, since multiple studies have found that it would do nothing to reduce inflation.
The reporter asked Raskin, “What parts of the bill do you think will put to work on [lowering inflation] specifically?”
The Congressional Budget Office found that the legislation would not reduce inflation, and the University of Pennsylvania’s Wharton Budget Model analysis found that the bill would reduce inflation by only 0.1 percent over five years — “statistically indistinguishable from zero.”
Raskin fumbled for words, then simply said, “Next question.”
That’s because he knows the deceptively-named Inflation Reduction Act will do no such thing — nor was it even designed to reduce inflation. It was designed to push through even more Democrat spending on worthless programs, and the name was designed to make it palatable to gullible voters. Even House Speaker Nancy Pelosi (D-CA) said she has stopped referring to the bill as the “Inflation Reduction Act.”
Breitbart News Economics Editor John Carney noted that just 12 percent of Americans believe that the bill will reduce inflation.