"By addressing the threat of climate change," the report adds,"the bill would reduce the role of fossil fuel price spikes and extreme weather in driving future inflation, insulating the economy from key sources of price spikes that can lead to inflation—just as occurred in 2021.
a different perspective on the data. While acknowledging that rising prices are"straining household budgets"—particularly for those with low incomes—Beyer disputed the notion that the Build Back Better Act would make matters worse.
"The economic recovery and the Federal Reserve's actions [on interest rates] will bring down short-term inflation in 2022, but the Build Back Better Act presents the best tool at Congress' disposal to reduce inflationary pressure long-term, build economic resilience, and promote economic growth that is stronger, stable, and more broadly shared."
Economists have also pushed back on the argument that the Build Back Better package would worsen inflation, which experts say has been fueled by a range of factors, from pandemic-related
Joe Manchin (III) doesn't represent the interests of West Virginians. Joe Manchin (III) represents the interests of the family of Joe Manchin (III) in the coal business lobby.
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