Biden Admits Inflation Reduction Act Was Misnamed, Says It’s Really About Climate Change
- President Joe Biden admitted that the $700 billion Inflation Reduction Act was wrongly named, stating it did not reduce inflation.
- Biden referred to the Act as “the most significant climate change law ever,” highlighting its $369 billion for green energy initiatives.
- Analysts noted that during the bill's debate, it was clear that it would not lower inflation, questioning the government's spending approach.
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