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President Joe Biden on Thursday admitted that the $700 billion Inflation Reduction Act, which did not reduce inflation and included $369 billion for green energy initiatives, was wrongly named.
Boosts funding for the IRS by $80 billion, which would make the agency larger than the Pentagon, State Department, FBI, and Border Patrol combined.the Senate via a 51-50 party-line vote, with Vice President Kamala Harris serving as the tiebreaker. The Democrat-controlled House then advanced the legislation in a partisan fashion.in April that it is hard to see inflation coming down to two percent, pointing to a slew of spending from Biden and the Democrat-led 117th Congress.
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