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ABC's Jon Karl questions Inflation Reduction Act's name: ‘Almost Orwellian'

Added 08-15-22 10:18:03am EST - “The CBO found recently passed bill would have a "negligible" impact on inflation this year and next.” - Nypost.com

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Posted By TheNewsCommenter: From Nypost.com: “ABC’s Jon Karl questions Inflation Reduction Act’s name: ‘Almost Orwellian’”. Below is an excerpt from the article.

ABC News anchor Jon Karl pressed top White House spokesperson Karine Jean-Pierre on Sunday over whether it was “Orwellian” to refer to a Democrat-backed spending bill as the “Inflation Reduction Act.”

Karl noted recent analysis from the non-partisan Congressional Budget Office. Despite its legislation’s branding, the CBO found recently passed bill would have a “negligible” impact on inflation this year and next.

“Isn’t it almost Orwellian?” Karl said. “How can you call it the Inflation Reduction Act when the nonpartisan experts say it’s not going to bring it down?”

Jean-Pierre deflected Karl’s question, arguing the White House has “actually addressed this with the CBO.” She pointed to the legislation’s tax hikes on corporations and the wealthiest Americans, which Democrats say will cover the cost of its hefty price tag over the next decade.

“It was the top line number, there’s more in there that shows that it will have the money,” Jean-Pierre responded. “Remember how we’re doing this, too. It’s making sure that billionaires in corporate America are paying their fair share, making sure that the tax code is a little bit more fair.”

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