{"id":1598039,"date":"2022-08-10T06:04:57","date_gmt":"2022-08-10T10:04:57","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1598039"},"modified":"2022-08-10T06:05:00","modified_gmt":"2022-08-10T10:05:00","slug":"biden-admits-he-doesnt-know-whats-in-the-inflation-reduction-act","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admits-he-doesnt-know-whats-in-the-inflation-reduction-act\/","title":{"rendered":"Biden Admits He Doesn&#8217;t Know What&#8217;s In The Inflation Reduction Act"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-admits-he-doesnt-know-whats-in-the-inflation-reduction-act%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1598039&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<aside id=\"aside1\" class=\"left\">\n<\/aside>\n<p>President Biden is being criticized for appearing to admit he has no clue what is in Democrats\u2019 massive Inflation Reduction Act, which will actually increase inflation and <a href=\"https:\/\/www.heritage.org\/budget-and-spending\/commentary\/despite-manchins-spin-the-inflation-reduction-act-will-devastate-the\">devastate the economy<\/a>.\u00a0<\/p>\n<p>&#8220;What we&#8217;re doing today, what we passed yesterday, helping to take care of everything from health care to God knows what else,&#8221; Biden admitted in Kentucky after touring the flood damage in the state.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">This is how Joe Biden describes the $$$ printing, inflation worsening, monster bill that Democrats passed yesterday:<\/p>\n<p>&#8220;We passed yesterday, taking care of everything from health care to God knows what else. *Incoherent propaganda*&#8221;<\/p>\n<p>He doesn\u2019t even know what\u2019s in the bill. <a href=\"https:\/\/t.co\/G4rPVoxMQA\">pic.twitter.com\/G4rPVoxMQA<\/a><\/p>\n<p>\u2014 Robby Starbuck (@robbystarbuck) <a href=\"https:\/\/twitter.com\/robbystarbuck\/status\/1556734516806516737?ref_src=twsrc%5Etfw\">August 8, 2022<\/a><\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\u201cGod knows what else\u201d means whatever the far left wanted in the Bill and all the extra pork Manchin and Sinema needed to get to Yes. <a href=\"https:\/\/t.co\/Ub1eUftcmP\">https:\/\/t.co\/Ub1eUftcmP<\/a><\/p>\n<p>\u2014 Claudia Tenney (@claudiatenney) <a href=\"https:\/\/twitter.com\/claudiatenney\/status\/1556726052357021698?ref_src=twsrc%5Etfw\">August 8, 2022<\/a><\/p><\/blockquote>\n<p>Biden&#8217;s comments indicate he does not know much, if anything, about the bill.<\/p>\n<blockquote>\n<p>The Inflation Reduction Act is expected to pass the House of Representatives as early as Friday and provides nearly $400 billion for environmental programs, including tax credits of up to $7,000 to buy electric vehicles, and roughly $64 billion to extend more generous COVID-19-era Obamacare subsidies.<\/p>\n<p>Much of the new spending comprises grants and loans to support renewable energy-related manufacturing, including $62 billion to support manufacturers of solar panels, wind turbines, batteries and electric cars, and another $30 billion for state and electric-utility projects.\u00a0<\/p>\n<p>Another $27 billion goes toward a \u201cclean energy technology accelerator\u201d to reduce emissions, $20 billion is set aside for \u201cclimate-smart agriculture practices\u201d and $10 billion will support improving home energy efficiency for lower-income residences.<\/p>\n<p>The bill includes $9 billion for federal green-energy procurement, including $3 billion to buy electric vehicles for the US Postal Service.<\/p>\n<p>The new spending is offset by new taxes on corporations, including a new 15% corporate minimum tax, increased IRS enforcement and by allowing Medicare to directly negotiate drug prices. (<a href=\"https:\/\/nypost.com\/2022\/08\/08\/biden-says-inflation-bill-funds-healthcare-god-knows-what-else-in-bizarre-speech\/?utm_campaign=iphone_nyp&#038;utm_source=twitter_app\" rel=\"noopener noreferrer\" target=\"_blank\">New York Post<\/a>)<\/p>\n<\/blockquote>\n<p>Spencer also reported on the worst parts about the legislation, as highlighted by the Republican Study Committee.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The folks on the <a href=\"https:\/\/twitter.com\/RepublicanStudy?ref_src=twsrc%5Etfw\">@RepublicanStudy<\/a> Committee released an updated memo based on the final version of the falsely named &#8220;Inflation Reduction Act&#8221; passed by Senate Democrats over the weekend \u2014 what made it through is a mix of insane and inane. <a href=\"https:\/\/t.co\/SFOF5e5mb9\">https:\/\/t.co\/SFOF5e5mb9<\/a><\/p>\n<p>\u2014 Spencer Brown (@itsSpencerBrown) <a href=\"https:\/\/twitter.com\/itsSpencerBrown\/status\/1556820817786404864?ref_src=twsrc%5Etfw\">August 9, 2022<\/a><\/p><\/blockquote>\n<p>Republican senators blasted its passage over the weekend on a party-line vote, with Vice President Harris breaking the tie.\u00a0<\/p>\n<p>\u201cThe Orwellian named \u2018Inflation Reduction Act\u2019 will do no such thing, as a number of prominent experts and economic policy groups have indicated,\u201d Sen. Ron Johnson (R-Wis.) said. \u201cThe Penn Wharton Budget Model, the Tax Foundation, and the Congressional Budget Office all found the bill won\u2019t lower inflation and may make it worse. The IRS would more than <a href=\"https:\/\/townhall.com\/tipsheet\/guybenson\/2022\/08\/08\/irs-on-steroids-democrats-tax-and-spend-bill-means-many-more-audits-for-american-taxpayers-n2611389\" rel=\"noopener noreferrer\" target=\"_blank\">double in size<\/a>, unleashing 87,000 new enforcement agents on American families\u2026 \u00a0[and the] nonpartisan Joint Committee on Taxation says that 78% to 90% of the revenue raised from misreported income would likely come from those making under $200,000.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Democrats have proven over and over they simply do not care about middle-class families\u2019 priorities. Only 18% of Americans are happy with this Democrat-run economy.<\/p>\n<p>And they just spent hundreds of billions of dollars more of your money to prove it yet again. My full statement: <a href=\"https:\/\/t.co\/uWA8VCbq7i\">pic.twitter.com\/uWA8VCbq7i<\/a><\/p>\n<p>\u2014 Leader McConnell (@LeaderMcConnell) <a href=\"https:\/\/twitter.com\/LeaderMcConnell\/status\/1556364562991038465?ref_src=twsrc%5Etfw\">August 7, 2022<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>President Biden is being criticized for appearing to admit he has no clue what is in Democrats\u2019 massive Inflation Reduction Act, which will actually increase inflation and devastate<\/p>\n","protected":false},"author":1,"featured_media":1588592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1598039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1598039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1598039"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1598039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1588592"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1598039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1598039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1598039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}