Episode 11: Government Obligated To Control Itself

Deb and Bill discuss the Inflation Reduction Act. What's in the Act, and will it really do what its ambitious title promises? Are there any surprises hidden within? What is it designed to do? From energy to the IRS, we discuss all that and more in today's episode.

 

"In framing a government which is to be administered by men over men you must first enable the government to control the governed; and in the next place oblige it to control itself.”
― James Madison

 

References and further reading:

Text - H.R.5376 - 117th Congress (2021-2022): Inflation Reduction Act of 2022 | Congress.gov | Library of Congress

https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/15/by-the-numbers-the-inflation-reduction-act/

https://www.cbo.gov/publication/58366

https://www.theverge.com/23310457/inflation-reduction-act-ev-tax-credit-act-explainer-how-to

https://www.foxbusiness.com/economy/eu-hits-us-electric-vehicle-tax-credit-requires-final-assembly-cars-north-america

http://www.shadowstats.com/alternate_data/inflation-charts

https://www.forbes.com/sites/robertwood/2022/08/11/irs-to-add-87000-new-agents-more-crypto-tax-enforcement/?sh=c1004853213e

Inflation Act of 2022: Revenue and Climate Provisions (natlawreview.com)

Breaking Down the Inflation Reduction Act (natlawreview.com)

https://www.washingtonexaminer.com/opinion/86-852-new-irs-employees

https://fiscaldata.treasury.gov/national-deficit/

https://www.breitbart.com/tech/2022/08/19/bill-gates-successfully-lobbied-joe-manchin-to-pass-climate-and-spending-bill/

https://datalab.usaspending.gov/americas-finance-guide/spending/trends/