3min chapter

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Inflation Reduction Actually

Planet Money

CHAPTER

Climate Change Taxes Are Just Tax Based Substitutes to Go Buy Stuff

More than $350 billion to fight climate change and invest in green energy. Budget analysts say the law is only going to save less than $300 billion over the next 10 years. The subsidies are explicitly to catalyze near term spending, so more money into the economy,. More demand, which from an inflation standpoint is exactly what we are trying to not do.

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