Yes, we live in a time when it is actually post-worthy when a legacy “journalist” does actual journalism. This is mainly due to their actual role as Democrat propagandists and apologists.
ABC’s Jonathan Karl is incredibly biased and wears his ideology on his sleeve, though apparently he’s the only one who doesn’t see it.
Yet even Karl has some remnant of an inkling of what actual journalism is supposed to be and do, and that last vestige of his journalistic instinct raised its head on Sunday.
The Manchin-Schumer middle-class tax hike, IRS expansion, and green boondoggle bill will do absolutely nothing to decrease inflation and is likely to make it worse while burdening the working and middle classes with IRS harassment in the name of filling the nation’s coffers for more boondoggles and an endless list of wasteful spending.
The Inflation Reduction Act is aimed at tackling a host of problems, from climate change to catching tax cheats, but there’s one issue it may not solve: reducing inflation.That’s the conclusion of the Penn Wharton Budget Model, a group of economists and data scientists at University of Pennsylvania who analyze public policies to predict their economic and fiscal impacts. Its analysis, published Friday, comes as inflation remains near a 40-year high, crimping the budgets of consumers and businesses alike.The Inflation Reduction Act would invest nearly $400 billion in energy security and climate change proposals, aimed at reducing carbon emissions by approximately 40% by 2030. It also would allow Medicare to negotiate with drugmakers on prescription prices, and would limit out-of-pocket drug expenses for seniors to $2,000 annually. The bill also directs $80 billion in funding to the IRS, aimed at helping the underfunded agency hire more auditors and beef up its customer service and technology.. . . . The Penn Wharton Budget Model isn’t alone in predicting that the Inflation Reduction Act won’t measurably affect inflation, with the nonpartisan Congressional Budget Office concluding last week that the changes would have a “negligible” impact on inflation this year and next. However, the CBO expects the bill to help lower inflation in later years.. . . . In theory, lower deficits can reduce inflation. That’s because lower government spending and higher taxes, which help shrink the deficit, both reduce demand in the economy, thereby easing pressure on companies to raise prices.
Karl acted almost like a journalist here . . . the act’s name is definitely Orwellian, not “almost Orwellian.”
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