President Biden Reveals True Purpose of Inflation Reduction Act
President Biden admits that the true intent of the Inflation Reduction Act is more focused on stimulating economic growth rather than directly reducing inflation.
Act Aims to Alleviate Financial Burden
The Inflation Reduction Act is designed to address people’s basic needs and provide financial relief during times of inflation.
Biden Shifts Viewpoint on Act’s Goals
President Biden’s recent statements represent a departure from his earlier claims that the Act would effectively lower inflation, cut the deficit, and address various issues.
Limited Impact on Inflation
Analyses suggest that the Inflation Reduction Act would have minimal impact on reducing inflation.
Timing of Admission Significant
President Biden’s acknowledgement comes at a time when the country is experiencing one of the highest inflation rates in decades.
Questions Remain for White House
The White House has not yet provided a response to requests for comment from Fox News Digital regarding President Biden’s admission..
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