VIDEO: Luria admits Inflation Reduction Act is not focused on reducing inflation

August 31, 2022

Elaine Luria just said the quiet part out loud. 

At a press conference she said“As you mention, the Inflation Reduction Act. That might be the name, but it’s a huge environmental bill.”

The Penn Wharton Budget Model found the IRA will not reduce inflation 

And the nonpartisan CBO found said it would raise taxes on the middle class by $20 billion.

NRCC Comment: “We applaud Elaine Luria for admitting the so-called ‘Inflation Reduction Act’ will do nothing to actually stop inflation and will increase taxes on Virginia families.” –NRCC Spokeswoman Camille Gallo