The Cato analysis of the "Inflation Reduction Act" (sic) is extremely disturbing. Surely those who wrote the Act were aware of what Cato has since discovered, though those who voted for it (all Democrats) probably were not because they probably didn't read it. The Act, as currently written, would be sure to result in substantial additional inflation. It is essential that the Act be repealed in its entirety. Hopefully the Republicans who voted against it will have the political courage to overcome the "bribes" it contains for them and vote unanimously for repeal.
I am disturbed too, and it was entirely predictable looking at all of the early estimates that got inched up and up after it was passed. I hope that the lobbyists don't win this round because we are going to all lose a lot if its incentives stay in force.
The Cato analysis of the "Inflation Reduction Act" (sic) is extremely disturbing. Surely those who wrote the Act were aware of what Cato has since discovered, though those who voted for it (all Democrats) probably were not because they probably didn't read it. The Act, as currently written, would be sure to result in substantial additional inflation. It is essential that the Act be repealed in its entirety. Hopefully the Republicans who voted against it will have the political courage to overcome the "bribes" it contains for them and vote unanimously for repeal.
I am disturbed too, and it was entirely predictable looking at all of the early estimates that got inched up and up after it was passed. I hope that the lobbyists don't win this round because we are going to all lose a lot if its incentives stay in force.
great news all around
Indeed it is!