Would the Inflation Reduction Act go too far, or not far enough?

The sharpest opinions on the debate from around the web

Joe Manchin and Chuck Schumer
(Image credit: Illustrated | Gettyimages)

Sen. Joe Manchin (D-W.Va.) announced last week that he had reached an agreement with Senate Majority Leader Chuck Schumer (D-N.Y.) to pass the Inflation Reduction Act of 2022. The bill, which includes over $400 billion in new climate funding, represents a pared-down version of the $1.75 trillion Build Back Better agenda Manchin scuttled in December.

The legislation also extends the expanded Affordable Care Act subsidies enacted during the early days of the COVID-19 pandemic for another three years, directs funds toward deficit reduction, imposes a 15 percent minimum corporate tax, expands the IRS, and empowers the government to negotiate the prices of certain prescription drugs with pharmaceutical companies.

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Grayson Quay

Grayson Quay was the weekend editor at TheWeek.com. His writing has also been published in National Review, the Pittsburgh Post-GazetteModern AgeThe American ConservativeThe Spectator World, and other outlets. Grayson earned his M.A. from Georgetown University in 2019.