Senator Tim Scott: The Democrats’ Climate Bill Should Be Called The Inflation Seduction Act

Fox News published this video item, entitled “Senator Tim Scott: The Democrats’ Climate Bill Should Be Called The Inflation Seduction Act” – below is their description.

South Carolina Republican Senator Tim Scott joins Fox Across America With Jimmy Failla to explain why the $740 billion healthcare and climate package passed by the Senate over the weekend will actually do nothing to reduce inflation. He also discusses his new book, “America, a Redemption Story: Choosing Hope, Creating Unity”.

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“Democrats” usually refers to the The Democratic Party of the United States – one of the two major political parties in the country, along with its main, historic rival, the Republican Party.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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