Inflation Reduction Act

Posted on AllSides August 9th, 2022

“​​The U.S. Senate on Sunday passed a sweeping $430 billion bill… aimed at reducing carbon emissions and shifting consumers to green energy, while cutting prescription drug costs for the elderly and tightening enforcement on taxes for corporations and the wealthy.” (Reuters)

The right is critical of the bill, arguing that it will not reduce inflation and that additional spending on green energy is unlikely to be effective.

The left supports the bill, arguing that additional spending on green energy and IRS enforcement will be beneficial.

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