Angus King: Inflation Reduction Act 'Actually Going to Reduce the Deficit' by $300 Billion

4 days ago

Senator Angus King (I-ME) connected Friday sounded disconnected astir the Democrats’ alleged “Inflation Reduction Act,” which economists and the Congressional Budget Office hold would not bash overmuch to trim the record-high inflation.

King argued that the authorities would “reduce the national indebtedness by $300 billion,” which is wherefore it held his enactment and the backing of Senators Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ).

“This is really going to trim the deficit,” King outlined. “In fact, 1 of the provisions successful the measure is to trim the national indebtedness by $300 billion. So, that was 1 of the things that Joe Manchin and I and others insisted beryllium portion of the bill. So, yeah, I don’t deliberation determination is going to beryllium immoderate occupation connected the numbers side. There is immoderate benignant of in-the-weeds issues astir what you tin bash successful a reconciliation measure successful presumption of policy, and that’s what the parliamentarian is moving done this week, but that was a large woody past night, that we present look to person a last woody that you’re going to person 50 votes for.”

“I deliberation it looks good,” helium added. “I mean, this is the aforesaid process, for example, that the Republicans utilized 5 years agone for the monolithic taxation cuts for corporations. So, I deliberation it’s going to wide those hurdles.”

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