"Biden's Inflation Reduction Act: A Year of Relief or Regret?"

One year after the passage of the Inflation Reduction Act (IRA), critics argue that the law has done little to address inflation and has added hundreds of billions to the deficit. The law's "green" special interest tax breaks are estimated to cost over $650 billion, primarily benefiting big businesses and Wall Street. Democrats have been accused of rewriting the rules to make these tax credits more easily transferable to the wealthy. Additionally, the implementation of these tax credits fails to secure critical supply chains and sends taxpayer dollars to adversarial nations like China. Critics argue that the law keeps America dependent on China and prioritizes the left's environmental agenda over national security and the economy. They suggest focusing on policies that build upon the American economic renewal resulting from the Tax Cuts and Jobs Act instead.