Joe Biden Signs “Inflation Reduction Act” Into Law

Objectivity 3.9 | Credibility 4.5 | Relevance 4.9

Joe Biden signed the Inflation Reduction Act into law on Tuesday, a move heralded by the Biden administration as a huge win and by Republicans as a devastating loss. “The law will increase historic inflation and deepen the ongoing recession,” Alfredo Ortiz, president and CEO of Job Creators Network, said in a Tuesday statement. “Not even the media, which is quick to echo Biden’s claims, thinks the legislation will reduce inflation.” Meanwhile, Biden called the legislation “one of the most significant laws in our history”.