Klain: Spending Bill Helps Inflation by Lowering Care, Drug Costs and Cutting Taxes

Klain: Spending Bill Helps Inflation by Lowering Care, Drug Costs and Cutting Taxes


During an interview aired on Monday’s broadcast of CNN’s “AC360,” White House Chief of Staff Ron Klain argued that the Build Back Better reconciliation bill will help with inflationary pressures because it lowers the costs of drug prices, child care, elder care, and cuts taxes.

Klain said, “I think the bill we signed is one step on combatting inflation. I was pleased to hear Sen. Rob Portman, a Republican, today at the White House validate that this bill will help abate inflation. Equally importantly, maybe more importantly, the Build Back Better bill that the House is supposed to consider this week, 17 Nobel Prize-winning economists have said it will ease inflationary pressures, and while that’s a bunch of economic talk, I can make it even

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