RUFUS - President Jay Laylin has signed his Inflation Reduction Act into law, effectively requiring Congress to artificially lower inflation, and working directly with the Nationalist House to lower the cost of living. The act was proposed as a way to force Congress to stop spending recklessly, in conjunction with the 2024 Wasteful Government Spending Prevention Act that has yet to hit the House or Senate floor.
The act will work as the first step to prevent wasteful government spending that was prominent during the presidency of John McCallum, who was allowed to spend recklessly, prompting President Jay Laylin to sign the 2024 Wasteful Government Spending Prevention Act, which has yet to be voted on in the House.
"Today I signed the 2024 Inflation Reduction Act that will work to lower the rate of inflation in the United States Of Jesstopia by ensuring effective management of spending, which will, if it is passed, be supplemented by the 2024 Wasteful Government Spending Prevention Act, and will work to lower the cost of groceries, clothing, gas, housing costs and rent costs," said President Laylin. "We are getting the ball rolling on working to reduce the cost of living of the hardworking, taxpaying Jesstopians of our country and I thank the House and Senate for doing what is right and passing the massive economic package that will help relieve the high inflationary rates that have plagued the country since President Joe Diester's presidency."
The Senate had passed the act in a vote of 52 to 28 earlier this morning, with all but 2 Republican Senators voting in support of the act and 26 Nationalists voted against the act. It passed with 52 Senators supporting the act, therefore pushing into the President's desk for signature. He signed the act in a private bill signing ceremony, an unusual time to do so.
"We worked hard to get the President's inflation reduction act pushed through as quickly as possible, and I am very pleased about it," said Senate Minority Leader Harry Rodham. "We have a lot more work to do and we are working to accomplish so much more of the President's agenda. There is much more work to be done to ensure domestic policy and my hope is that we can come together to aid in President Jay Laylin getting his border policy pushed."
The House is scheduled to vote on the 2024 Wasteful Government Spending Act sometime this month, but a rescheduled vote was announced during a special session of the House today. The House was set to vote on the act next week on Friday, but other undisclosed votes are likely to take place. The House clerk didn't reveal what those votes were on, and it remains unclear how important they actually are, to push off the Wasteful Government Spending Act.