A letter to the editor stated that President “Trump ran up over $8 trillion to the federal deficit in four years.” That is in the ballpark; both Nikki Haley and Ron DeSantos used similar numbers in their campaigns to defeat President Trump. But, there is more to this story as Paul Harvey used to say.
The Inflation Reduction Act (“IRA”) was signed into law by President Biden on August 16, 2022. The expansive legislation includes key health care provisions, including drug pricing.
The Biden administration on Thursday outlined a revamped tax-hike plan to pay for Democrats' roughly $1,750,000,000,000 spending plan, including rate increases on well-off corporations and wealthy Americans.