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Review & Outlook: The Real Cost of the Inflation Reduction Act Subsidies: $1.2 Trillion


Goldman Sachs says the uncapped tax credits will cost three times what Democrats claimed. The Inflation Reduction Act may go down as one of the greatest confidence tricks on taxpayers in history. Democrats used accounting gimmicks to claim the partisan law would reduce the budget deficit. But now a Goldman Sachs report projects its myriad

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Posted: March 24, 2023 Friday 06:50 PM