‘Inflation Reduction Act’ Has Little Inflation Help, UPenn Study Says
Estimates ‘statistically indistinguishable from zero’: study
Penn Wharton researchers influential with Senator Joe Manchin
Senator Joe Manchin, a Democrat from West Virginia, speaks with members of the media at the US Capitol building in Washington, D.C., US, on Wednesday, May 11, 2022. Source: Bloomberg
The Inflation Reduction Act of 2022, the breakthrough US legislative deal on key parts of President Joe Biden’s agenda, likely won’t reduce inflation at all, according to a study.
And that’s coming from researchers influential with the senator whose vote was crucial to sealing the deal, Joe Manchin of West Virginia.
