Democrats’ Plan to Fight Inflation May Lower Costs Over Time July 28, 2022 AutoBot Biden, Joseph R Jr, Democratic Party, Federal Budget (US), Inflation (Economics), Inflation Reduction Act of 2022, Law and Legislation, Manchin, Joe III, Medicare, Prices (Fares, Fees and Rates) 0 A package of tax increases, lower drug prices and other provisions aimed at reducing the federal budget deficit could alleviate rapid price gains.