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Democrats have been touting last week’s passing of the “Inflation Reduction Act” as a big win for President Biden. There were many elements of the bill that in fact are positive for large sections of the American public and could help improve the Biden administration’s popularity, but inflation may not be one of those improvements for some time.
“There are several things in the bill that reduce the prices of certain goods, the prescription drug provisions as well as the tax credits on electric vehicles. Those would reduce the price of certain goods and would help people in terms of their budgets,” said John Diamond, Ph.D., Director of the Center for Public Finance at the Baker Institute for Public Policy at Rice University. “But it doesn’t reduce inflation over the long term.
Now entering her second full year at the helm, she is a guest on this week’s Houston Newsmakers and says being president is a calling, not a career move and that she is ready to lead the way. She is a guest on this week’s program and talks about the many new partnerships and programs now in place at TSU that will provide many new opportunities for current and future students.
John Diamond, Ph.D., Director, Center for Public Finance at Baker Institute for Public Policy, Rice University
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