Over the weekend, President Biden touted the so-called “Inflation Reduction Act” by pointing out how it would advance climate legislation – which has nothing to do with inflation. “The Inflation Reduction Act is the biggest step forward on climate ever,” Biden wrote on Twitter. “It includes ensuring that we create clean energy opportunities in frontline and fenceline communities that have been smothered by legacy pollution and it will help fight environmental injustice,” he added. The Inflation Reduction Act is the biggest step forward on climate ever. It includes ensuring that we create clean energy opportunities in frontline and fenceline communities

The Democrats’ “Inflation Reduction Act” would reduce after-tax incomes for Americans in every income bracket and will worsen inflation, according to a new report from the nonpartisan Tax Foundation. The Tax Foundation revealed that the bill would cause after-tax incomes for Americans in every income group except the top 1% to fall by 0.2%, and those in the top 1% would see after-tax incomes cut by 0.3%. According to the report, “the Inflation Reduction Act would reduce long-run economic output by about 0.2 percent and eliminate about 29,000 full-time equivalent jobs in the United States. It would also reduce average after-tax