not that i 100% agree, but the Inflation Reduction Act of 2022 wasn't targeted at reducing inflation-related cost of living for average Americans. it would benefit and target climate change by authorizing spending for green energy initiatives (premium tax credits) and raise significant revenue by increasing tax on companies with $1 billion or more annual revenue (not necessarily profit, and this says nothing for liquidity of assets, not to mention there are literally zero provisions for such a company to avoid taxes through reduction of taxable revenue or downsizing or any other number of possibly very harmful strategies to the general labor force) and increasing taxes owed at all income levels. in theory, if you are qualified for the tax credits or will take advantage of particular provisions regarding welfare expansion (an additional 3 years of funding for the AFA, expansion of the ARPA), you will pay more up front and should have reduced costs when those costs are incurred.
the spending was lumped into the Build Back Better Act, which, generally, will increase taxes and expand welfare while promising a reduction in costs. other than specific exceptions, there are no provisions to guarantee or subsume costs if revenue is insufficient - presumably deficit spending will be used:
https://www.congress.gov/bill/117th-congress/house-bill/5376
im guessing Polissa is in favor of bigger government and less personal buying power.
