Senate Majority Leader Chuck Schumer called 230 economists who are warning that the Inflation Reduction Act is expected to contribute to skyrocketing inflation "wrong" during a press conference Friday. When asked about the letter sent by 230 economic experts to House and Senate leadership, first reported by Fox News Digital Thursday, Schumer argued that the experts are "wrong." "They’re wrong..I don’t know who that list was…it’s as plain as the nose on your face," Schumer, D-N.Y., told reporters. In addition, professors from the University of Chicago, Princeton University, Duke University, the University of Virginia, Columbia University and the University of Notre Dame, among others, were listed on the letter dated Aug. 3. "We have agreed to remove the carried interest tax provision, protect advanced manufacturing, and boost our clean energy economy in the Senate's budget reconciliation legislation," Sinema said.

Source: Fox News August 05, 2022 23:53 UTC