The White House defended the Inflation Reduction Act on Friday following a report from the Congressional Budget Office suggesting the legislation would not lower inflation.
FOX Business' Madison Alworth reports from the Jersey Shore.
Jean-Pierre was then asked if her answer means she is "dismissing" the CBO report and whether it is fair to call the legislation the "Inflation Reduction Act" when the CBO is saying inflation will not be meaningfully reduced. "Well, if you think about the Inflation Reduction Act, it will have an effect also on drug costs," she explained. "Lowering prices on pharmaceutical costs, which is going to make a difference in a big way to seniors to families."
Jean-Pierre was reacting to a report this week from the CBO that said the bill would have a "negligible" effect on inflation.
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