Biden slammed for signing Inflation Reduction Act: ‘Dark day for everyday Americans’
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President Joe Biden was blown up for his comments at Tuesday’s signing of the Inflation Reduction Act.
The law costs $739 billion and the bipartisan Congressional Budget Office and the Penn Wharton Budget Model estimate it will not reduce inflation despite its name.
Biden has been criticized by conservatives on Twitter for his support of the legislation during the signing.
BIDEN SIGNS $739 billion bill to reduce inflation
Conservative commentator Ian Miles Cheong, a refugee from China, tweeted: “Orwellian. This could be the largest transfer of wealth from the middle class to corporate and state interests since pandemic policies bankrupted scores of small businesses.”
“These people are not only taking away your hard-earned money, they are also destroying your children’s chance of a bright future,” he continued.
Cheong also criticized Biden’s speech, which the president struggled to get through, tweeting, “It’s clear Joe has dementia but no one in the media will point that out.”
Guy Benson, a Fox News contributor and Townhall political editor, tweeted: “Oh, a lot of ‘green’ special interests have won. And the IRS won in a big way. And when the IRS doubles, many Americans don’t feel comfortable like winners.”
Sen. Tommy Tuberville, R-Ala., disputed Biden’s claim that “nobody making less than $400,000 a year is going to pay a penny more in federal taxes.”
“The CBO disagrees. Americans making less than $400,000 a year pay an estimated $20 billion in new taxes. This government is just lying… and the media is covering it up. Every time,” Tuberville tweeted.
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James J. Carafano, vice president of foreign affairs and security at The Heritage Foundation, tweeted, “This will be a dark day for everyday Americans who will bear the brunt of this great piece of government legislation. How fitting to sign this on the anniversary of the Afghan disaster has humiliated every single American.”
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In July 2022, inflation was 8.5 percent compared to July 2021. Many Americans are struggling to pay their bills, and critics of the green energy agenda argue it is wreaking significant economic damage today for uncertain projected benefits in the future.