{"id":1997090,"date":"2023-08-10T19:06:02","date_gmt":"2023-08-10T23:06:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-reveals-an-inflation-reduction-act-regret-i-wish-i-hadnt-called-it-that\/"},"modified":"2023-08-10T19:07:52","modified_gmt":"2023-08-10T23:07:52","slug":"biden-reveals-an-inflation-reduction-act-regret-i-wish-i-hadnt-called-it-that","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-reveals-an-inflation-reduction-act-regret-i-wish-i-hadnt-called-it-that\/","title":{"rendered":"Biden expresses regret over naming 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\">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%2Fbiden-reveals-an-inflation-reduction-act-regret-i-wish-i-hadnt-called-it-that%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=1997090&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--><h2>President Biden Wishes for a Catchier Name for the Inflation\u2063 Reduction Act<\/h2>\n<p>President Joe Biden admitted that\u2062 he\u200c regrets the name \u200che gave to the Inflation Reduction Act, just days before its first anniversary. Speaking to donors\u200c in\u200d Park City, Utah, Biden\u200d expressed his desire\u2062 for a name\u200c that better reflects the legislation&#8217;s\u2062 focus \u200don providing alternatives to \u200ceconomic growth rather than solely addressing inflation.<\/p>\n<h3>Inflation Rises \u200bto 3.2% in \u200bJuly, a Setback for Biden and the Fed<\/h3>\n<p>Senator Joe Manchin, a Democrat from West Virginia, revealed that the Democrats-only $430\u200d billion healthcare and climate spending bill is\u200d part of the\u200b agreement \u200dhe reached with the \u2063White House and Senate Majority Leader Chuck Schumer. This agreement secured his support for the \u200dbill.<\/p>\n<p>Biden has been \u2062actively promoting\u200d the Inflation Reduction Act during his visits \u2062to Arizona, New Mexico, and Utah this week. He has emphasized the legislation&#8217;s climate provisions to appeal\u2064 to the Democratic \u2064base.<\/p>\n<p>Biden&#8217;s comments come in response to the Labor Department&#8217;s \u2064report, which showed a 3.2% increase in consumer\u2063 prices \u2063in the year ending July 30. This is higher than June&#8217;s annualized\u2064 inflation \u2062rate \u200bof 3%.<\/p>\n<p>&#8220;Even in times of inflation, we can find ways to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-supreme-court-needs-to-affirm-that-public-employees-cant-do-whatever-they-want\/\" title=\"The Supreme Court Needs To Affirm That Public Employees Can\u2019t Do Whatever They Want\">provide breathing room<\/a>,&#8221; Biden stated, highlighting how \u200dthe <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-reveals-an-inflation-reduction-act-regret-i-wish-i-hadnt-called-it-that\/\" title=\"Biden expresses regret over naming the Inflation Reduction Act.\">legislation \u2063facilitates \u200bprescription drug price negotiations<\/a>.<\/p>\n<p>Manchin reaffirmed \u2064his support for\u2064 the Inflation\u2062 Reduction Act \u200dthis week, despite his criticism of Biden&#8217;s\u200d broader climate policies, including his promotion of electric vehicles.<\/p>\n<p>&#8220;The Inflation Reduction Act has\u2064 significantly reduced our \u200bnation&#8217;s debt by \u200d$238 billion. It has also <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dems-try-to-take-focus-off-biden-ahead-of-midterms\/\" title=\"Dems Try to Take Focus Off Biden Ahead of Midterms\">lowered prescription drug prices<\/a> \u200cfor over \u200b400,000\u200c West Virginians on Medicare,\u2062 capped insulin costs at $35 for seniors, and secured permanent funding for the Black Lung Disability Trust Fund,&#8221; Manchin explained to the Washington Examiner. &#8220;This\u2062 law advances our all-of-the-above energy policy \u2062and promotes\u2063 innovation to strengthen our energy security, ensuring \u2062reliable and affordable power for years to come.&#8221;<\/p>\n<p>&#8220;While I will continue\u200b to oppose the\u2064 Biden administration&#8217;s relentless efforts\u2062 to manipulate\u2062 the\u200c law in favor of\u2063 their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-now-supports-ending-filibuster-held-meeting-on-how-big-fast-he-can-jam-through-agenda-report\/\" title=\"Biden Now Supports Ending Filibuster, Held Meeting On How \u2018Big,\u2019 \u2018Fast\u2019 He Can \u2018Jam Through\u2019 Agenda: Report\">radical climate agenda<\/a>, which undermines our energy and fiscal \u200bsecurity, I am proud of the financial relief it provides to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/steve-scalise-blasts-biden-order-allowing-covid-vaccine-to-illegal-immigrants\/\" title=\"Steve Scalise Blasts Biden Order Allowing Covid Vaccine To Illegal Immigrants\">hard-working families<\/a> and the economic\u200c opportunities it brings to communities in West Virginia and across America,&#8221; he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Biden expressed regret over the name of the Inflation Reduction Act, stating that it focuses more on providing economic growth alternatives rather than solely addressing inflation. He made these remarks during a donor event in Park City, Utah, acknowledging that he wished he had chosen a different name for the act. In July, inflation rose to 3.2%.<\/p>\n","protected":false},"author":1,"featured_media":1997091,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1997090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1997090","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=1997090"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1997090\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1997091"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1997090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1997090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1997090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}