“Inflation Reduction Act” — probably the very worst name of a bill in the entire history of the US House of Representatives.
It had NOTHING to do with inflation.
Inflation was caused by the needless creation of $5 trillion during COVID and it is persistent. It is a monetary phenomena and requires a recession to kill it. They keep trying for a “soft landing” to avoid the pain of recession, but we continue the pain of inflation until we experience recession.
Wallet Reduction Act
What we're seeing here is 1970s style central planning.
Back then, it was bipartisan incompetence. This time it is deliberate partisan warfare.