The Inflation Reduction Act of 2022 is an important bill for our country and working families. It makes critical investments in U.S manufacturing to help ensure new vehicles and emerging technologies and are built in America for decades to come, lowers the costs of life-saving drugs and health care insurance, tackles climate change in a meaningful way, and reduces the deficit. The Inflation Reduction Act puts the interests of working families and retirees before the ultra-wealthy and Wall Street. It is paid for entirely by giving IRS tools to go after wealthy tax cheats and ending outrageous tax loopholes that ...
Read more
Every time we go to the gas station or supermarket, we are reminded that prices are on the rise as inflation takes a bigger chunk out of our paychecks. The inflation rates are the highest they have been since the early 1980s. Inflation is not only a problem in our country as prices are rising all around the globe. The U.S. inflation rate has almost quadrupled over the past two years, but in many countries, it has risen even faster. Per Pew Research Center reports, “annual U.S. inflation in the first quarter of this year averaged just below 8.0% — the 13th-highest rate among the ...
Read more