Inflation Reduction Act - Hot Air

Biden’s much touted Inflation Reduction Act was actually a climate change bill. The problem was it had uncapped incentives for electric vehicles which the Administration greatly under estimated.  These incentives are now projected to exceed $1 TRILLION. 

These incentives will actually INCREASE INFLATION. 

And by the way. The effect of the IRA has essentially LITTLE BENEFIT FOR ENVIRONMEMT with a projected change of temperature of only  0.028 F at most. 

https://www.wsj.com/articles/the-inflation-reduction-act-does-little-to-reduce-climate-change-global-warming-carbon-emissions-legislation-temperatures-11661288454?st=0evo6wc3os4djhe&reflink=article_copyURL_share

https://x.com/bjornlomborg/status/1554502054554509312?s=46&t=Y4fVsDnz2q8uZ3VNKeco4A

https://taxfoundation.org/blog/ev-tax-credits-inflation-reduction-act/