Manchin-Schumer ‘Inflation Reduction’ Bill Gimmicks Exposed, Proposal Actually Increases Spending, Inflation

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The Inflation Reduction Act will add more fuel to the “inflation fire,” a study of the bill’s provisions by a top Republican lawmaker showed Tuesday.

Rep. Jason Smith (R-MO), the ranking member of the House Budget Committee, released a fact sheet on Tuesday detailing how the Inflation Reduction Act uses budget gimmicks to and false sunsets to hide the true cost of Manchin’s alleged deficit reduction bill.

 Let no one deceive you with empty words, for because of these things the wrath of God comes upon the sons of disobedience.” Ephesians  5:6 

Sen. Joe Manchin (D-WV) (L) talks with Senate Majority Leader Charles Schumer (D-NY) before the ceremony where U.S. President Joe Biden signed the “Consolidated Appropriations Act" in the Eisenhower Executive Office Building on March 15, 2022 in Washington, DC. Averting a looming government shutdown, the $1.5 trillion budget -- which …

For instance, the Inflation Reduction Act would extend enhanced Obamacare subsidies for three years, which would cost $64 billion; however, if the program were extended to a ten-year window, the provision would cost $248 billion.

The legislation would also create $369 billion in climate change and energy security-related programs. The House Budget Committee Republicans found that the bill would cost well over $400 billion if the two-year sunsets were eliminated.

The legislation would also spend $80 billion to supersize the IRS’s ability to audit Americans’ taxes.

All in all, Smith said that this bill would create $114 billion in new debt when accounting for Manchin’s fake budget gimmicks and arbitrary offsets.

Read More @ Breitbart HERE

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