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For weeks, Democrats have vowed to push through a new tax and climate bill, called the Reduce Inflation Act, touting the legislation with claims it would restore the economy and lower prices, but are silent after inflation rose for another month.
On Tuesday, the Labor Department released the monthly Consumer Price Index (CPI) report that found inflation rose to 8.3% from August 2021 through this year, just weeks after President Joe Biden signed into law the Inflation Reduction Law. The CPI experienced a 0.1% increase in the one-month period from July to August.
Fox News Digital asked several vulnerable Democrats seeking re-election to the Senate and House of Representatives this fall when the Inflation Reduction Act will really start to have a positive impact on the economy and lower prices, after the Department Labor will reveal that inflation is only on the rise. None of the Democrats, who voted for the IRA, responded to Fox News Digital’s request for comment.
Democratic members of Congress who did not respond include: Rep. Tom O’Halleran, D-Ariz.; Representative Cindy Axne, Democrat from Iowa; Representative Sharice Davids, a Democrat from Kansas; Representative Jared Golden, a Democrat from Maine; Rep. Dan Kildee, a Michigan Democrat; Rep. Angie Craig, D-Minn.; Rep. Annie Kuster, DN.H.; Rep. Tom Malinowski, DN.J.; Rep. Chris Pappas, DN.H.; Representative Dina Titus, a Democrat from Nevada; Rep. Susie Lee, a Democrat from Nevada; Representative Steve Horsford, a Democrat from Nevada; Rep. Marcy Kaptur, D-Ohio; Rep. Tim Ryan, D-Ohio; Rep. Matt Cartwright, D-Pennsylvania; Representative Susan Wild, a Democrat from Pennsylvania; Rep. Elaine Luria, D-Va.; Rep. Abigail Spanberger, a Democrat from Virginia; Representative Kim Schrier, D-Wash.
Meanwhile, in the Senate, several politicians claimed the IRA would reduce inflation but did not respond to Fox News Digital after the CPI report: Sen. Mark Kelly, D-Arizona, Sen. Catherine Cortez Masto, D-Nevada, Sen. Democratic senator from Nevada. Raphael Warnock, D-Ga., Sen. Michael Bennet, D-Colo., and Sen. Maggie Hassan, DN.H.
Pennsylvania Senate candidate Lieutenant Gov. John Fetterman, who was not in the Senate to vote for the IRA but expressed support, also did not respond to Fox News Digital’s request as to when inflation reduction would begin after passage. of the bill.
In August, Sen. Joe Manchin, DW.Va., and Sen. Chuck Schumer, DN.Y., introduced tax and climate legislation, claiming the new bill would cut costs.
Following its announcement, the non-partisan Mixed Tax Commission (JCT) revealed in the analysis that Americans earning less than $200,000 per year would see their taxes increased by $16.7 billion. For taxpayers earning between $200,000 and $500,000, the bill would raise taxes by $14.1 billion.
VULNERABLE HOUSE DEMOCRATS DEFEND VOTE ON IRS INFLATION REDUCTION AND EXPANSION ACT
Following Tuesday’s CPI report, instead of addressing rising costs, Democrats are focusing on abortion and Sen. Lindsey Graham, RS.C.’s new anti-abortion bill. Meanwhile, Republican candidates and representatives are flooding Twitter with their concerns about the recent CPI report and rising inflation.
President Biden came under fire for hosting an event at the White House to celebrate the Inflation Reduction Act on Tuesday, the same day the CPI report showed inflation rising year over year.
Biden told the event that the Inflation Reduction Act was the “most important piece of legislation passed in Congress to combat inflation and one of the most important pieces of legislation in our nation’s history,” but the stock market was falling by same time due in part to the CPI news, with the Dow Jones Industrial Average marking the biggest drop in a single day since June 2020 when the pandemic was at its peak.
In June, inflation hit a 40-year high of 9.1% year-on-year, eased slightly to 8.1% in July, but rose again in August. Gross domestic product (GDP) fell for the second consecutive quarter from April to June and the economy entered a technical recession.