I'm going to show you charts here where we are approaching $1.2 trillion of interest this year. I'm going to try to walk through a concept that The spending, particularly what the Democrats did with the Inflation Reduction Act, [means] we're going to be pumping out a couple trillion dollars of subsidies to corporate America. Also the fact that because of our debt and these higher interest rates, we're also pumping out $1.2 trillion of interest payments out. So that much cash flow is going out into the marketplace. (02:24–02:35)
CLAIM
Asserts that the Inflation Reduction Act will result in trillions of dollars in subsidies to corporations.
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