Inflation Reduction Act: How It Could Impact Your Wallet

What is one of the main goals of the Inflation Reduction Act according to Senate Democrats?

• To reduce the number of jobs in the economy

• To make massive investments in climate, tax, and healthcare policy

• To increase the national deficit

• To eliminate all taxes

How might the Inflation Reduction Act affect inflation according to some economists?

• It will immediately eliminate inflation

• It could have a modest downward effect on inflation

• It will cause inflation to rise significantly

• It will have no impact on inflation

What challenge do lower wage earners face despite receiving raises?

• They are unaffected by inflation

• They are unable to find jobs

• They are just barely keeping up with rising prices

• They are saving more money than before

What was the outcome of the GOP senators' attempt to modify the insulin cap in the Act?

• The cap was reduced to $20 per month

• The $35 per month cap on insulin was stripped under private insurance

• The cap was removed entirely

• The cap was increased to $50 per month

What was the result of Senator Bernie Sanders' attempt to include the child tax credit in the Act?

• It was included in the final version of the Act

• It was voted against by most Democrats

• It was passed with bipartisan support

• It was overwhelmingly supported by Democrats