Hagerty: ‘Inflation Reduction Act’ Should Be Called ‘Income Reduction Act’

Hagerty: ‘Inflation Reduction Act’ Should Be Called ‘Income Reduction Act’

During a Wednesday interview on Fox Business Network’s “Mornings with Maria,” Sen. Bill Hagerty (R-TN) voiced his opposition to Senate Majority Leader Chuck Schumer’s (D-NY) Inflation Reduction Act.

The bill, which experts have said will do little to curb inflation, includes $369 billion aimed at climate spending and has Sen. Joe Manchin’s (D-WV) support.

Hagerty disagreed with the notion that the slimmed-down version of the Build Back Better bill would not result in increased taxes. He argued the package should instead be called the “Income Reduction Act.”

Trending: COMING SOON: The First Arrest Will Shock The World [Identity Revealed]…

“They should call this the Income Reduction Act — not the Inflation Reduction Act,” Hagerty emphasized. “It’s absolutely going to cause prices to go up because … when you raise costs on manufacturers by increasing

Continue reading


Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend