Manchin pushes back on analysis warning deficit, climate bill could slightly increase inflation ...Middle East

News by : (The Hill) -
Sen. Joe Manchin (D-W.Va.) on Sunday defended his recently announced Inflation Reduction Act against claims that the bill could increase inflation over the next year and a half. Manchin told ABC’s chief Washington correspondent, Jonathan Karl, on “This Week” that such projections aren't factoring in everything in the legislation. “We're paying down $300 billion for debt — $300 billion we're taking of this bill, paying it towards debt," he said. "First time in 25 years.”  The $670 billion reconciliation bill will invest in reliable energy and new technologies, focusing on domestic production to “aggressively produce” in the U.S. and lower costs for Americans, Manchin said.  “Bu

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