Biden Says He Wishes Inflation Reduction Act Had Different Name
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- Biden has struggled to sell voters on his handling of economy
Joe Biden speaks during an event at the George E. Wahlen Department of Veterans Affairs Medical Center in Salt Lake City, Utah, on Thursday.
Photographer: George Frey/Getty ImagesPresident Joe Biden said he regretted the name of one of his signature legislative achievements — the Inflation Reduction Act — saying the title didn’t draw enough attention to its impact on the overall economy.
“I wish I hadn’t called it that, because it has less to do with reducing inflation than providing alternatives where we generate economic growth,” Biden said Thursday at a fundraiser in Park City, Utah. “And so, we’re now in a situation where if you take a look at what we’re doing in the Inflation Reduction Act, we’re literally reducing the cost of people being able to make their — meet their basic needs.”