Here's the Truth About What 'Inflation Reduction Act' Will Do

Plus: Inside a Pregnancy Center That Pro-Abortion Vandals Attacked

August 8 2022   Good morning from Washington, where Senate Democrats yesterday pushed through a $570 billion tax hike in a spending bill packed with climate and green energy provisions. Fred Lucas reports as the package moves to the House. A pro-life pregnancy center targeted by vandals invites a visit from a powerful critic: Sen. Elizabeth Warren. Don't miss Virginia Allen's video report. On the podcast, historian Tevi Troy describes the harsh trends buffeting President Biden. Plus: a recession in more than name; Microsoft entices gamers to snitch; pursuing free trade with Taiwan; and Ukraine's possible victory at sea. Eighty years ago today, during World War II, the U.S. executes six German saboteurs as spies while imprisoning two more.      COMMENTARY Here's the Truth About What 'Inflation Reduction Act' Would Do By Richard Stern The bill would likely increase near-term inflation, depress household incomes, and produce the long-term deficits that fuel long-term inflation. More NEWS Inside a Pregnancy Center That Pro-Abortion Vandals Attacked By Virginia Allen "They're absolutely victimizing the very women they claim that they're standing up for," Virginia Attorney General Jason Miyares says of the vandals who struck Blue Ridge Pregnancy Center. More NEWS After Marathon 'Vote-a-Rama,' Senate Democrats Ram Through 'Inflation Reduction Act' Tax and Spending Bill By Fred Lucas Senate Democrats defeated a slew of Republican amendments en route to passing a massive spending and taxing bill. More COMMENTARY A Recession by Any Other Name Still Means a Terrible Economy By Richard Stern, Matthew Dickerson Having given up fixing the economy, President Biden and his handlers instead are fixing the dictionary. More COMMENTARY Microsoft Goes Full Big Brother With Minecraft Bans By Douglas Blair Careful what you say online: Microsoft is listening in. And now the tech giant wants players of Minecraft, its massively popular video game, to snitch on each other. More ANALYSIS Democrat Defectors Imperil Biden's Future By Rob Bluey History doesn't bode well for incumbent presidents who face intraparty challenges, presidential historian Tevi Troy says on "The Daily Signal Podcast." More COMMENTARY After Pelosi's Visit, It's Time for US-Taiwan Free Trade Agreement By Anthony B. Kim If House Speaker Nancy Pelosi is serious about what she said during her historic visit to Taiwan, urging the Biden administration to start talks for a U.S.-Taiwan free trade agreement is a top action item. More COMMENTARY With Ground War Bogged Down, Ukraine Should Turn to Sea to Speed Russia's Defeat By Brent Sadler With help in certain key areas, Ukraine could dramatically change the power balance with Russia by taking the initiative at sea. More COMMENTARY I'm a Conservative College Student. Here's How Universities Are Failing to Prepare Our Future Leaders. By Lindsey Aden After one of my classes, another student walked up to me. She had noticed the sticker on my laptop promoting a conservative candidate, and she asked me if I was a Republican. More           Donate to The Daily Signal Find us on Facebook Follow us on Twitter How are we doing? We welcome your comments, suggestions, and story tips. Please reply to this email or send us a note at letters@dailysignal.com. The Daily Signal 214 Massachusetts Avenue, NE Washington, DC 20002 (800) 546-2843     Add morningbell@heritage.org to your address book to ensure that you receive emails from us. You are subscribed to this newsletter as johnmhames1.diogenes--light@blogger.com. If you want to receive other Heritage Foundation newsletters, or opt out of this newsletter, please click here to update your subscription.