Bernie Sanders says Cut Inflation Act will have ‘minimal impact’ on inflation

Independent Vermont Sen. Bernie Sanders struck a tone closer to congressional Republicans than Democrats on Saturday when he said the controversial Cut Inflation Act would not do much. to reduce inflation.

“Madam President, I want to take a moment to say a few words about the so-called reduction in inflation that we are debating tonight,” Sanders said in the Senate Saturday night. “And I say supposedly, by the way, because according to the CBO, and other economic organizations that are studying this bill, it will, in fact, have minimal impact on inflation.”

Sanders then criticized the bill, saying it does not address child poverty, income inequality or the “dysfunctional” health care system in the United States.

Sanders explained that the bill “turns its back on working parents in this country and on our children.”

RISE IN INFLATION LEADS MORE AMERICANS TO LIVE PAYCHE TO PAYCHE DESPITE 5.1% WAGE INCREASE

Senator Bernie Sanders, an Independent from Vermont, speaks during a press conference at the United States Capitol in Washington, DC (Stefani Reynolds/Bloomberg via Getty Images/Getty Images)

Sanders urged Democrats to support his efforts to modify the bill so that it better helps American working families.

Conservatives praised Sanders on social media after Republicans on Capitol Hill pointed out in recent days that the Congressional Budget Office had acknowledged that the Inflation Reduction Act would have a negligible effect on inflation.

“Bernie Sanders, of all people, is more honest about this garbage bill than Joe Manchin,” Heritage Foundation communications director John Cooper tweeted.

Food price inflation

A man shops at a Safeway grocery store in Annapolis, Maryland on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to soar. ((Photo by JIM WATSON/AFP via Getty Images) / Getty Images)

DEMOCRATS’ INFLATION REDUCTION ACT IS ‘BAD ECONOMIC PRACTICE’: ECONOMIST

A vote to move forward on the Democrats’ welfare spending and tax bill passed Saturday night, featuring a floor debate followed by a vote-a-rama marathon, before a final vote on the legislation which is expected on Sunday.

“What this is about today is whether or not Democrats are going to stand up and fight, fight for amendments and support amendments that address some very critical needs of working families,” Sanders told Fox News Digital earlier today. “The amendments I will propose probably have the support of 70 or 80 percent of the American people. We’ll see what support they get.”

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WASHINGTON, DC – JULY 28: US President Joe Biden removes his mask as he delivers remarks on the Cut Inflation Act of 2022 (Getty Images/Getty Images)

Several other Democrats, however, agree with Sanders’ strategy. They think it creates unnecessary risk after negotiating for more than a year to get a reconciliation bill that their entire caucus could support.

“A lot of us think our number one goal is to make sure this gets to the finish line without any amendments creating problems for its final passage,” said Sen. Chris Murphy, D-Conn . “I will vote no on any amendment that I believe compromises the President’s signing of the bill.”

Several leading Democrats, including Senate Majority Leader Chuck Schumer, dismissed economists’ concerns and analysis that the Inflation Cut Act would have minimal effect on the record inflation that has continued to grow over the past year.

“They’re wrong…I don’t know who that list was…it’s as simple as the nose on your face,” Schumer said in response to a letter from 230 economists who warned the bill would increase inflation.

The White House did not immediately respond to a Fox News Digital request for comment.

Fox News’ Tyler Olsen contributed to this report

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