The Democrats are celebrating the passage of the Inflation Reduction Act over unified Republican opposition, claiming that the legislation is a historic breakthrough. Sadly, it’s not.
Though the new legislation takes some steps in the right direction on climate and drug prices, it falls far short of what is needed. The Democrats, with control over the White House and both houses of Congress, squandered the historic opportunity for a progressive breakthrough.
There are four big reasons to be skeptical of the Democratic Party’s self-congratulation.
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