Senate Majority Leader Chuck Schumer argued that the experts are 'wrong' for predicting that the Inflation Reduction Act would increase inflation.
West Virginia Attorney General Patrick Morrisey slams Presidents Biden’s latest effort to combat inflation, the Inflation Reduction Act, calling it ‘deeply disheartening’ on ‘Mornings with Maria.’Inflation Reduction ActWhen asked about the letter sent by 230 economic experts to House and Senate leadership, first reported by Fox News Digital Thursday, Schumer argued that the experts are "wrong.
The economists wrote in the letter that the U.S. economy is at a "dangerous crossroads" and the "inaptly named ‘Inflation Reduction Act of 2022’ would do nothing of the sort and instead would perpetuate the same fiscal policy errors that have helped precipitate the current troubling economic climate."
In addition, professors from the University of Chicago, Princeton University, Duke University, the University of Virginia, Columbia University and the University of Notre Dame, among others, were listed on the letter dated Aug. 3.
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