Spending, tax credits and loans would bolster technology like solar panels, consumer efforts to improve home energy efficiency, emission-reducing equipment for coal- and gas-powered power plants and air pollution controls for farms, ports and low-income communities.
The GOP focused some of its most incendiary criticism on the bill's boost to the IRS budget, aimed at collecting an estimated $120 billion in unpaid taxes over the coming decade. They have misleadingly claimed the measure would be used to hire 87,000 agents who would target average families. Republicans say the legislation’s new business taxes will increase prices, worsening the nation’s bout with its worst inflation since 1981. Though Democrats have labeled the measure the Inflation Reduction Act, nonpartisan analysts say it will have negligible impact on prices one way or the other.
It's unclear whether voters will reward Democrats for the legislation after months of painfully high inflation dominating voters' attention and Biden's dangerously low popularity with the public and a steady history of midterm elections that batter the party holding the White House.
There’s still this thing called, the Senate.