Extremely vulnerable U.S. Rep. Elaine Luria (D-VA) admitted that Joe Biden and Democrats’ “Inflation Reducation Act” wasn’t about “inflation” at all.
The Daily Caller reports:
“The Inflation Reduction Act — that might be the name, but it’s a huge environmental bill that includes a lot of things, such as the tax credits necessary to make these kind of developments,” Luria said while at an Aug. 24 event with the BlueGreen Alliance.
“It was great being with local labor, environmental, and community leaders today in Chesapeake to highlight the investments being made in the offshore wind industry and workforce in Coastal Virginia,” Luria posted on Twitter.
President Joe Biden signed the Inflation Reduction Act into law on Aug. 16. The legislation is loaded with green energy provisions, including a $7,500 tax credit for electric vehicles, and expanded the Environmental Protection Agency’s control over the energy industry in response to a Supreme Court ruling.
The legislation also increased the budget for the Internal Revenue Service by $80 billion, allowing the tax agency to hire another 87,000 agents.