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Salon
Salon
Politics
Candice Cole

HISTORICAL FACTS: Gop inflation bill has basic error - The Untold Story

Democrats blasted House Republicans on Wednesday for passing a bill marketed as fighting economic inflation which actually does nothing to actually combat the effects of inflation.

The Reduce Exacerbated Inflation Negatively Impacting the Nation or REIN IN Act requires the president to issue inflation estimates for "major" executive orders that are projected to cause an annual gross budgeting effect of at least $1 billion. That forecasting, however, does not apply to measures related to emergency assistance or national security.

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