Complicated pieces of legislation rarely live up to the glitzy names scrawled across the first page. But even by that familiar standard, the Inflation Reduction Act of 2022 is going to disappoint anyone excited by its title.
The bill, introduced last week after a long-awaited deal was struck between Senate Majority Leader Chuck Schumer (D–N.Y.) and moderate Sen. Joe Manchin (D–W.Va.), was pitched as a way to lower costs for consumers while also reducing the federal budget deficit and spending billions on environmental initiatives meant to combat climate change.
