Sen. Mike Rounds (R-S.D.) asserted that the so-called Inflation Reduction Act would only make the current economic situation worse.
A rising number of Americans are saying their personal finances are getting worse under the current administration. A new Harvard-Harris poll found a majority of 56 percent of Americans said their financial situation has worsened amid President Joe Biden’s policies.
Joe Biden praised the passing of the Inflation Reduction Act in the Senate. Following its passage on Sunday, the President released a statement on the legislation.
Billionaire Bill Gates is actively promoting the new Democrat-proposed spending bill due to its “climate change” provisions. In an op-ed for the New York Times, Gates claimed the so-called Inflation Reduction Act could be the most important piece of “climate legislation” in American history.
The Biden administration has paired up with Big Business to promote its latest social spending bill. The President said a Democrat-backed spending binge will combat inflation, but hundreds of economists disagree.
Republican senators are speaking out against the Schumer-Manchin reconciliation bill, while asserting that it’s an “inflation machine” that will only hurt the economy further. One America’s John Hines caught up with several lawmakers and has more from Capitol Hill.
Democrats are, once again, engaging in political theater over the January 6 hearings in hopes of distracting Americans from Joe Biden’s massive policy failures across the country. One America’s Pearson Sharp has more.
Heritage Foundation Senior Research Fellow, Rachel Greszler told One America News that actual unemployment rate is higher than what the Biden administration claims. She added, inflation is likely to hit double digits this fall due to Biden’s policies. One America’s John Hines has more from Washington.
The latest consumer price index shows inflation increased 8.3% from last year. That’s slightly down from March when inflation hit 8.5%, but still at a 40-year record high. Also, gas prices hit another all-time high today. CEO and founder of Sound Income Strategies, David Scranton joins OAN’s Alicia Summers to discuss.