There was a theory about how you get much more fiscal bang for your buck through the use of certain instrumentalities of the tax code. That enabled you to do a much greater amount of climate spending than the Congressional Budget Office would score, which allowed you potentially maybe to sneak past some veto points that existed within the US political system at the time many of us were working to get this legislation passed. So any of those angles are possible responses. And then broadly, I think we absolutely want to talk about what any and all of this says about the balance of forces. Because ultimately, I think that is the determining factor here, right?
Featuring Daniela Gabor, Ted Fertik, and Tim Sahay on Bidenomics. We define and debate the new American industrial policy, the energy transition, the New Cold War with China—and more.
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