Inflation Reduction Act — or radical Green New Deal?

Make no mistake: the so-called Inflation Reduction Act unveiled Wednesday by Senate Majority Leader Chuck Schumer, (D-NY), and Sen. Joe Manchin, (D-WV), will do nothing that its supporters state — in fact, it will do quite the opposite.

If passed, the act will increase the prices that Americans pay for energy, make the United States less energy-secure, and do absolutely nothing for the environment. Perhaps more insidious, it will hurt Americans who live in coal-rich states, like Manchin’s West Virginia, the most.

Focusing on just the energy and climate section of the...