Biden’s Latest Party Is Raising Eyebrows
(AmericanProsperity.com) – Celebration time has hit the White House. The Inflation Reduction Act of 2022, or H.R.5376, became Public Law No: 117-169 on August 16, 2022. The Hill reported the Biden Administration invited over 1000 guests to mark the occasion. Meanwhile, America’s economy continues to crash, and hard-working people struggle against ever-rising expenses and a toppling stock market.
Attendees of the gala enjoyed a relaxed gathering on the South Lawn, where musician James Taylor entertained the crowd in anticipation of President Joe Biden’s speech. The hopeful Commander in Chief asserted, “…the American people won, and special interests lost,” referring to his claim the legislation will tax corporations their “fair share” while providing the means to overhaul the US infrastructure.
Democrats celebrate inflation reduction bill as stocks tumble on latest data https://t.co/Y1B92JhmXT pic.twitter.com/ogkG3w48Fx
— The Hill (@thehill) September 14, 2022
Costs for essential goods and services have continued to skyrocket throughout Biden’s time in office. In August, the Dow Jones stock market fell 1,200 points. Still, progressive lawmakers are confident they’ve steered the country on the right track. They point to reduced gas prices as evidence, insisting other items will eventually fall into line.
House Speaker Nancy Pelosi expressed her faith that H.R.5376 will make a real difference in turning around the country’s current economic woes. White House press secretary Karine Jean-Pierre said the administration hoped to tackle prescription drug prices and high energy costs as part of the effort.
Republicans were quick to criticize the merriment. GOP chairwoman Ronna McDaniel called the legislation the “Bidenflation Scam bill.” She added, “voters will be the ones celebrating when Democrats are voted out” in the upcoming midterm elections.
~Here’s to Your Prosperity!
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