Fast Politics with Molly Jong-Fast cover image

Rick Wilson, David Corn & Catherine Rampell

Fast Politics with Molly Jong-Fast

00:00

The Inflation Reduction Act and the Debt Ceiling Deal

The Inflation Reduction Act invested $80 billion long term in the internal revenue service. The IRS uses that money to bring in more money, unlike most other forms of government spending. Republicans demanded ostensibly in the name of reducing deficits, reducing spending was to at least partly defund the IRS. Most likely it will come from future enforcement efforts because that's what they want to go after.

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