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call inflation reduction act will not only lower cost for consumers but will not raise taxes on the middle class. republicans argue it will not help you alleviate inflation and it will take money out of people s pockets and hurt americans across a number of key sectors. chief congressional correspondent chad pergram is live on capitol hill and he has the latest for us. good evening, the senate waited all day but the past hour the senate got a text, the bill is 755 pages in length, democrat plans to pass the bill overnight. this is one of the most comprehensive impactful bills congress has seen in decades. it will reduce inflation, lower prescription drug costs, fight climate change, close tax loopholes and reduce the deficit. all gop members of postville, that s right democrats need all 50 of their members to vote yes. vice president harris could be needed to break a tie. republicans call the bill a farce. let s start with the bills title. inflation reduction ac ....
The most important thing to recognize is that the U.S. Federal Reserve will become securely captured by the U.S. federal budget and Treasury debt. The term that economists use for this is “fiscal dominance.” ....