Inflation likely to remain high, despite Manchin’s Inflation Reduction Act, Americans say
Fox News
Americans in Washington, D.C., were skeptical that increasing taxes through the Inflation Reduction Act would reduce the price surges seen across the country.
Lisa Bennatan is an associate producer/writer for Fox News Digital Originals. Follow her on Twitter @LisaBennatan and Instagram @Lisa_Bennatan
"I think [inflation] will just continue to stay high," he added.
Senate Majority Leader Chuck Schumer and Sen. Joe Manchin last week announced the Inflation Reduction Act, which will spend $433 billion primarily on climate initiatives while imposing a 15% minimum tax on large corporations. The legislation would increase taxes for the vast majority of Americans, with those earning below $10,000 seeing the largest rise, according to the Congressional Joint Committee on Taxation.
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