KTRH Local Houston and Texas News

KTRH Local Houston and Texas News

KTRH-AM covering local news from Houston and across Texas.


Not Breaking News: The 'Inflation Reduction Act' -Will Not Reduce Inflation

In a surprise to no one, it turns out, the Democrats 'Inflation Reduction Act' isn't going to reduce inflation at all. In fact, it's only going to make things worse. Much worse.

"There's no diamond in among the coal, it is just bad news" said Grover Norquist, president of Americans For Tax Reform, "It is higher taxes, more spending, telling people what to do. It is 87,000 new IRS agents, and the IRS has told us what they're going to do with them, they're going to do more audits. That's what's happening."

It's all happening as part of Joe Biden's war on energy, and the "incredible transition" for the climate change fanatics. The bottom line is, the mini 'green new deal', is a bad deal for everybody.

"It's going to create an entire new subsidized sector of the economy" Norquist told KTRH, "They're going to put a good chunk of the economy on welfare, and then expect them to vote and write campaign contributions, in return for that wonderful subsidy."

"It will not reduce inflation" noted Norquist, which is probably the most important thing you need to know about the 'Inflation Reduction Act', which the Dems hope to pass this week.

All eyes are now on Arizona (D) Senator, Kyrsten Sinema, who holds the deciding vote.

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Photo: Getty Images

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