{"id":1603497,"date":"2022-08-12T14:24:49","date_gmt":"2022-08-12T18:24:49","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1603497"},"modified":"2022-08-12T14:25:04","modified_gmt":"2022-08-12T18:25:04","slug":"ron-paul-biden-is-pushing-the-inflation-production-act","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ron-paul-biden-is-pushing-the-inflation-production-act\/","title":{"rendered":"Ron Paul: Biden is pushing the \u2018Inflation Production Act\u2019"},"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\">18<\/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%2Fron-paul-biden-is-pushing-the-inflation-production-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=1603497&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 id=\"attachment_2737170\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2737170\" class=\"size-full wp-image-2737170\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/GettyImages-114313105-scaled.jpg\" alt=\"LAS VEGAS, NV - MAY 17: U.S. Rep. Ron Paul (R-TX) speaks to members of the Clark County Republican Party at the Silverton Casino Lodge May 17, 2011 in Las Vegas, Nevada. Paul announced last week that he is seeking the 2012 GOP nomination for president. (Photo by Ethan Miller\/Getty Images)\" width=\"2560\" height=\"1690\" \/><\/p>\n<p id=\"caption-attachment-2737170\" class=\"wp-caption-text\">LAS VEGAS, NV \u2013 MAY 17: U.S. Rep. Ron Paul (R-TX) speaks to members of the Clark County Republican Party at the Silverton Casino Lodge May 17, 2011 in Las Vegas, Nevada. (Photo by Ethan Miller\/Getty Images)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>Updated 10:55 AM PT \u2013 Friday, August 12, 2022<\/h5>\n<p>Former Congressman Ron Paul (R-Texas) referred to President Joe Biden\u2019s newest spending package as the \u201cInflation Production Act.\u201d Paul said the so-called<a href=\"https:\/\/www.democrats.senate.gov\/imo\/media\/doc\/inflation_reduction_act_one_page_summary.pdf\"> Inflation Reduction Act<\/a> is estimated to cost the American taxpayer dearly.<\/p>\n<p>During a Thursday episode of his podcast Liberty Report, Paul accused the White House of changing economic definitions to avoid responsibility for their abysmal policies. Despite Joe Biden\u2019s rose-colored glasses, the former congressman said Americans aren\u2019t buying it. Their money is evaporating before their eyes.<\/p>\n<blockquote>\n<p><strong>\u201cI feel so badly that all those things that I learned about frugality and saving money, even when it was back a dollar at a time, you save money,\u201d Paul said. \u201cNow it\u2019s a negative\u201d<\/strong><\/p>\n<\/blockquote>\n[embedded content]\n<p>Dr. Paul\u2019s guest, Phillip Patrick of Birch Gold, claimed the decreasing inflation rate has mislead the Biden administration into a premature celebration.<\/p>\n<blockquote>\n<p><strong>\u201cThis isn\u2019t on the back of successful Federal Reserve policy or successful policy coming out of the White House. It\u2019s simply on the back of demand going down on the back of high prices,\u201d explained Patrick. \u201cSo, you know the fact that inflation is slowing a little bit it\u2019s definitely good news. My big concern though is the direction this administration is going. Now they\u2019re pushing through massive spending packages which, of course in large part, is how we are in the situation we are today.\u201d<\/strong><\/p>\n<\/blockquote>\n<p>Patrick accused the Biden administration of capitalizing on the modest improvement to ram through a re-branded Build Back Better Act. The precious metal specialist called the legislation a confusing mess as it promotes so-called green energy projects while also expanding fuel production and oil drilling.<\/p>\n<p>Others are accusing the Biden administration of digging America deeper into a recession. Economist Casey Mulligan estimated that the so-called Inflation Reduction Act will cost 900,000 American jobs and that it will diminish household incomes by more than $1,200 a year. Additionally, the tax hikes in the bill are estimated to cost the average middle income family more than $2,400.<\/p>\n<p>Citizens will also fall prey to an increasingly weaponized IRS, as four out of five IRS audits are on those making less than $200,000 a year. According to the Heritage Foundation, the most effective methods of attacking inflation are slashing taxes, regulations and spending.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">FACTS \ud83d\udd3d\ud83d\udd3d\ud83d\udd3d <a href=\"https:\/\/t.co\/XX3Nh8XX1a\">https:\/\/t.co\/XX3Nh8XX1a<\/a><\/p>\n<p>\u2014 Heritage Foundation (@Heritage) <a href=\"https:\/\/twitter.com\/Heritage\/status\/1558108956870033409?ref_src=twsrc%5Etfw\">August 12, 2022<\/a><\/p>\n<\/blockquote>\n<p>However, the House is unlikely to follow that advice as it will begin considering the bill on Friday.<\/p>\n<h4>MORE NEWS: <a href=\"https:\/\/www.oann.com\/trump-blasts-fbi-raid-points-out-obama-never-turned-in-his-records\/\">Trump Blasts FBI Raid, Points Out Obama Never Turned In His Records<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>LAS VEGAS, NV \u2013 MAY 17: U.S. Rep. Ron Paul (R-TX) speaks to members of the Clark County Republican Party at the Silverton Casino Lodge May 17, 2011 in Las Vegas, Nevada. (Photo by Ethan Miller\/Getty Images) OAN NewsroomUpdated 10:55 AM PT \u2013 Friday, August 12, 2022 Former Congressman Ron Paul (R-Texas) referred to President &hellip;<\/p>\n","protected":false},"author":1209,"featured_media":2315279,"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-1603497","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\/1603497","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\/1209"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1603497"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1603497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1603497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1603497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1603497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}