Democrats working to pass the 'Inflation Reduction Act' face claims that the bill would lead to higher costs for Americans. See the potential biases and similarities in coverage from foxbusiness, yahoonews and MarketWatch:
Sweeping climate and health care legislation unveiled by Democrats last week would lead to significant cuts in energy costs for American households, according to a new analysis.
A report by non-profit group Rewiring America found that the tax incentives included as part of the $369 billion dedicated to climate initiatives in the Inflation Reduction Act would save the average household $1,800 per year on energy bills. “It is a market-tilting level of investment,” Ari Matusiak, the group's co-founder and CEO who was involved with the crafting of the bill, told Yahoo Finance. “The beneficiaries...
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Democrats downplay nonpartisan analysis showing inflation bill increases taxesSenate Democrats pushed back Monday against claims from Republicans that the Inflation Reduction Act would raise taxes on most Americans, saying the bill only impacted corporations.
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Koch Network Pressures Sens. Manchin, Sinema to Oppose $739 Billion Tax-And-Spending BillThe Inflation Reduction Act of 2022 promises to raise $739 billion in revenue by setting a minimum corporate tax rate and changing Medicare drug pricing.
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White House dismisses congressional report that Schumer-Manchin plan would raise taxesThe White House is dubbing the projections of a nonpartisan congressional committee that the Inflation Reduction Act would effectively raise taxes for many Americans 'incorrect' and 'incomplete.'
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0.25% or 0.33%? Democrats' Inflation Reduction Act wouldn't lower prices by all that much, analysts say“We estimate that the Inflation Reduction Act will produce a very small increase in inflation for the first few years,” said Penn Wharton Budget Model analysts in a report.
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Stuart Varney: Biden's 'mess' of a tax plan is a 'mish-mash of bad policy'FOX Business' Stuart Varney on the Inflation Reduction Act of 2022 and the impact it will have on the economy as Democrats' attempt to secure a win before the midterms
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Wall Street Journal editorial board pens scathing op-ed on the 'Schumer-Manchin tax increase'The Wall Street Journal editorial board published an op-ed Monday that criticized the 'Inflation Reduction Act' which was agreed to by Sen. Joe Manchin (D-WV) last week.
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