Inflation Act Doesn’t Lower Utility Costs for Years, But That’s Where ‘Everybody’ ‘Would Like to See Those Prices Come Down’

On Wednesday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Sen. Elizabeth Warren (D-MA) stated that the Inflation Reduction Act is “partly about bringing down utility costs, and it’s partly about bringing down healthcare costs.” But admitted it only does so in the long run and stated that “long-term is where, I think, everybody in America would like to see those prices come down.”

Host Andrea Mitchell said, “[T]he Inflation Reduction Act, so named, doesn’t really reduce inflation. It brings the deficit down, less than one might have hoped because of Manchin and Sinema taking things out on the tax piece of it.”

Warren responded, “It absolutely brings the deficit down. And remember, if you think that the problem that causes inflation is too much money floating around in the economy, then it absolutely attacks that directly. But what it does that I think we have to remember about inflation is it attacks costs directly where families live. So, the…

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