Sen. Joe Manchin III made the rounds on Sunday’s talk shows to reject the notion that Democrats’ new spending bill — the Inflation Reduction Act — would exacerbate inflation that is at its highest rate in four decades.
That is despite an independent analysis by the Penn-Wharton Budget Model finding it will “slightly increase” inflation until 2024 then decrease thereafter and a nonpartisan congressional committee concluding it would raise taxes on Americans across income brackets.
Mr. Manchin’s inflation concerns were what initially prompted him to oppose similar legislation just weeks earlier.
“I understand there’s a difference of opinion.