So when Senator Tester voted for the huge spending bills such as the "Inflation Reduction Act" which caused the great inflation, wasn't that the same as cutting my Social Security?
Bill Cushman: The IRA did not pass until after most of the residual inflation left over from Trump's tenure had occurred. Same was true for the earlier Jobs and Chips Acts. Please see what I wrote about it https://dailymontanan.com/2024/07/08/bidens-track-record-keeps-on-getting-better/ Yearly adjusted inflation is now at 2.5%.
So when Senator Tester voted for the huge spending bills such as the "Inflation Reduction Act" which caused the great inflation, wasn't that the same as cutting my Social Security?
Bill Cushman: The IRA did not pass until after most of the residual inflation left over from Trump's tenure had occurred. Same was true for the earlier Jobs and Chips Acts. Please see what I wrote about it https://dailymontanan.com/2024/07/08/bidens-track-record-keeps-on-getting-better/ Yearly adjusted inflation is now at 2.5%.
The IRA was paid for from taxes on folks making over $400,000/year. And inflation has mostly gone down since then (August 2022) from 8.3% to 2.5%. https://dailymontanan.com/2024/07/08/bidens-track-record-keeps-on-getting-better/
The IRA did not cause inflation which has gone down from 8.3% when it passed in August 2022 to 2.5% now.