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What They’re Saying: Inflation Reduction Act Will “Live Up To Its Name,” “Lower Costs For American Families,” & “Does Not Raise Taxes On Individual Taxpayers”

CNN: “A group of top economists… wrote in a new letter that the so-called Inflation Reduction Act will lower prices for American consumers”

Business Insider: “The Manchin-backed Inflation Reduction Act is likely to live up to its name, Moody’s economists say”

CNN: “Would be biggest legislative climate investment in US history”

News coverage is highlighting how Senate Democrats’ Inflation Reduction Act will “lower costs for American families,” “does not raise taxes on individual taxpayers at all,” will “lead to a net deficit decrease,” and would be the “biggest legislative climate investment in US history.”

See for yourself:

The legislation will “lower costs for American families.”

The legislation does not raise taxes on the Middle Class.

The legislation is “fiscally responsible” and will “reduce the federal budget deficit.” 

The legislation is set to be the “biggest legislative climate investment in US history.”

  • CNN: Clean energy package would be biggest legislative climate investment in US history. “This package, if approved through the Senate’s reconciliation process and passed by both houses of Congress, would be more than a massive legislative win for Democrats ahead of the midterms; it would help put the US back in a global position to lead on climate alongside the EU.”

  • New York Times: How the New Climate Bill Would Reduce Emissions. “A major climate and energy package announced last week in a deal by Senate Democrats would put the United States much closer to its goal of cutting global warming pollution in half by 2030, several new independent analyses have concluded.”

  • Bloomberg: Ex-EPA Chiefs Back Climate Deal Heading for Senate Vote. “A bipartisan group of former EPA administrators endorsed the tax-and-climate deal Senate Democrats are moving to pass as quickly as this weekend, calling it the ‘most significant piece of climate legislation in United States history.’”

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