Liberals just passed the $20 billion dollar “Inflation Reduction Act” and it was signed into law. They are promoting it as a great success. However, you need to be aware of what they have succeeded in doing. They will promote it as a great accomplishment in reducing inflation, however examining the facts will point out certain problems. First, they are responsible for the inflation with the massive spending bills that they have passed. Inflation is caused by a lot of money available with few goods to purchase. Goods are in short supply due to their failed economic policies and adding more money will only accelerate the inflation. To counter that, the bill includes massive new taxes on the middle class to reduce the money supply. As a result, the middle class will lose due to both inflation and higher taxes. They passed out a massive amount of money in the form of free benefits to make people grateful to them and vote for them, but nothing is ever free. They now have to take back all the money they gave out but it will be buried in your tax bill so most people won’t see it, because it will be just a line item on their paystub. People will be grateful for the benefits and not realize how high a price they are paying for them. The rich will shift their funds to non-taxable funds and raise prices on what they sell so the main burden will fall on the middle class. The inflation is usually followed by a recession due to declining sales. The middle class lose again as declining sales reduce work and income, while the rich benefit by writing off their loses as tax deductions. As a result, the middle class lose both ways. Second, the bill includes funds for a massive number of new IRS agents who will join the large number of FBI agents that President Obama hired just before leaving office in harassing and threatening conservatives who oppose their liberal policies.