But you know, to throw it in this bill and then roll it out as this is going to have an effect on inflation. It's not going to [have an effect on inflation]. It's more spending. The inflation rate is an important metric on the core costs of goods and how much consumers are paying. It has increased from 2 point or 2% in 2012 to 5.1% in 2021 to 8.3% today. (00:33–00:42)
CLAIM
Asserts that the Inflation Reduction Act will not affect inflation and is merely more spending.
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