America First Policy Institute: Inflation Reduction Act Will Raise Prices, Taxes, & Kill 218,000 Jobs

The reconciliation bill crafted by Sens. Joe Manchin (D-W.Va.) and Chuck Schumer (D-N.Y.) and supported by the Biden administration will raise electricity and gas prices, hike taxes, and kill about 218,000 blue-collar jobs in 2023, said Marc Lotter, the chief communications officer of the America First Policy Institute.

On Fox News @Night, Aug. 1, Lotter said, “The National Association of Manufacturers says this bill will cost 218,000 blue-collar workers their jobs next year. Your electric and heating bills are going up, your gas is going to go up by $25 billion as a tax increase for oil companies that’s going to get passed along at the pumps.”

“This is just going to make the inflation problem even worse,” he added. Source: CNS News

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