BIDEN TOLD 2 BIG LIES ABOUT THE SO-CALLED INFLATION REDUCTION ACT

Written by on August 17, 2022

BIDEN TOLD 2 BIG LIES ABOUT THE SO-CALLED ‘INFLATION REDUCTION ACT’

Shared By Peter Boykin – American Political Commentator / Citizen Journalist

BIDEN TOLD 2 BIG LIES ABOUT THE SO-CALLED ‘INFLATION REDUCTION ACT’

 

#GoRightNews #GoRight with #PeterBoykin GoRightNews.com

 

Joe Biden made two false claims while trying to sell the Inflation Reduction Act [which is really a climate spending bill and a tax hike] to the American people.

 

Here they are, courtesy of Breitbart News:

 

Tax credits:

https://www.breitbart.com/politics/2022/08/16/fact-check-biden-falsely-claims-inflation-reduction-act-does-not-subsidize-electric-cars-made-mexico-canada/

 

Claim: Biden claimed the bill gives tax credits to American consumers for electric vehicles “if those vehicles were made in America.”

 

Verdict: False. The Inflation Reduction Act does provide tax credits for electric vehicles made in America — but also for those made in Mexico and Canada as well.

 

Middle-class taxes:

https://www.breitbart.com/politics/2022/08/16/fact-check-joe-biden-falsely-claims-working-middle-class-will-not-pay-a-penny-more-as-result-of-irs-audits/

 

Claim: Biden said no Americans “earning less than $400,000 a year will pay a penny more in federal taxes” as a result of billions to drastically boost IRS audits.

 

Verdict: False. The bill does not include any provisions requiring the IRS to avoid targeting working and middle-class Americans with new IRS audits. In fact, the Congressional Budget Office estimates that about $20 billion will be squeezed from Americans earning less than $400,000 a year as a result of the audits.

 

 

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