# The Inflation Reduction Act has Passed (08-12-22) **URL:** \ **Category:** Politics & Elections\ **Created:** [August 7, 2022, 1:02am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226 "2022-08-07T01:02:12Z")\ **Posts on this page:** 20\ **Page:** 4
**Author:** ![Atamasama](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/atamasama/32/12961_2.png) [@Atamasama](https://boards.straightdope.com/u/Atamasama)\ **Post date:** [August 12, 2022, 9:59pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/61 "2022-08-12T21:59:39Z")
But will Biden sign it? (Just kidding, of course he will.) ---
**Author:** ![OttoDaFe](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/ottodafe/32/356_2.png) [@OttoDaFe](https://boards.straightdope.com/u/OttoDaFe)\ **Post date:** [August 12, 2022, 10:14pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/62 "2022-08-12T22:14:32Z")
And the Pubs who voted against it will trumpet its benefits to their constituents. ---
**Author:** ![not\_what\_you\_d\_expect](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/not_what_you_d_expect/32/3246_2.png) [@not\_what\_you\_d\_expect](https://boards.straightdope.com/u/not_what_you_d_expect)\ **Post date:** [August 13, 2022, 10:18am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/63 "2022-08-13T10:18:39Z")
There will be a ceremony on September 6th, but President Biden will sign it next week. Pretty Cool! ---
**Author:** ![Mahaloth](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/mahaloth/32/1079_2.png) [@Mahaloth](https://boards.straightdope.com/u/Mahaloth)\ **Post date:** [August 17, 2022, 12:21am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/64 "2022-08-17T00:21:09Z")
Biden signed it today and take a look at this look on his face when he hands the pen to…Joe Manchin. Biden can give a look. > ---
**Author:** ![JohnGalt](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johngalt/32/184_2.png) [@JohnGalt](https://boards.straightdope.com/u/JohnGalt)\ **Post date:** [August 17, 2022, 12:26am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/65 "2022-08-17T00:26:49Z")
Giving the pen to Manchin seems to take him by surprise. I wonder if Manchin was expecting it. It was a generous and thoughtful gesture. ---
**Author:** ![Atamasama](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/atamasama/32/12961_2.png) [@Atamasama](https://boards.straightdope.com/u/Atamasama)\ **Post date:** [August 17, 2022, 12:41am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/66 "2022-08-17T00:41:02Z")
> [@Mahaloth](#): > > Biden signed it today and take a look at this look on his face when he hands the pen to…Joe Manchin. The look on Joe’s face, to me, is him saying, “I never thought you were ever going to support this, but I am glad you did.” ---
**Author:** ![flurb](https://avatars.discourse-cdn.com/v4/letter/f/51bf81/32.png) [@flurb](https://boards.straightdope.com/u/flurb)\ **Post date:** [August 17, 2022, 1:04am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/67 "2022-08-17T01:04:48Z")
> [@Atamasama](#): > > The look on Joe’s face, to me, is him saying, “I never thought you were ever going to support this, but I am glad you did.” Some of that, and some of: “You’re stuck to me now, boss. We sink or swim together.” ---
**Author:** ![Aspenglow](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/aspenglow/32/76_2.png) [@Aspenglow](https://boards.straightdope.com/u/Aspenglow)\ **Post date:** [August 17, 2022, 1:13am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/68 "2022-08-17T01:13:34Z")
> [@Mahaloth](#): > > Biden can give a look. He can, and I loved that bit, too. I also loved hearing that Obama called him to tell him that getting the Inflation Reduction Act passed is a BFD. (Turnabout is fair play, it’s nice to see.) 🙂 ---
**Author:** ![Mahaloth](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/mahaloth/32/1079_2.png) [@Mahaloth](https://boards.straightdope.com/u/Mahaloth)\ **Post date:** [August 17, 2022, 3:14am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/69 "2022-08-17T03:14:21Z")
Here is the exchange. Biden responded “Thanks, Obama.” 🤣 > > > Barack Obama @BarackObama ---
**Author:** ![Aspenglow](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/aspenglow/32/76_2.png) [@Aspenglow](https://boards.straightdope.com/u/Aspenglow)\ **Post date:** [August 17, 2022, 3:17am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/70 "2022-08-17T03:17:26Z")
They’re darling – thanks for posting this! ---
**Author:** ![Wesley\_Clark](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/wesley_clark/32/20581_2.png) [@Wesley\_Clark](https://boards.straightdope.com/u/Wesley_Clark)\ **Post date:** [August 19, 2022, 4:47pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/71 "2022-08-19T16:47:40Z")
I saw a youtube video claiming before the inflation reduction act, that the government spent about 20 billion a year on taxes/subsidies for clean energy before, but after the bill it’ll be closer to 80 billion a year. This is a huge deal because the US only spends about 60 billion a year on clean energy. China is the world leader and spends about 100 billion a year. If there is a multiplier on the subsidies (for every $1 spent in public subsidies/tax cuts, you get $2 spent by private sectors), then 80 billion in state spending means the US will be spending ~240 billion a year total in clean energy once the subsidies and tax credits kick in. Could be even higher, maybe the US will spend $300 billion a year on clean energy with the new subsidies. Keep in mind when done in large scale, utility grade solar and wind are only $1/installed watt now. A GW of installed wind or solar is about a billion dollars roughly. ---
**Author:** ![Wesley\_Clark](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/wesley_clark/32/20581_2.png) [@Wesley\_Clark](https://boards.straightdope.com/u/Wesley_Clark)\ **Post date:** [August 19, 2022, 4:52pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/72 "2022-08-19T16:52:53Z")
> [@JohnGalt](#): > > The debate I’ve heard is the cap on drug prices will reduce research and development into new drugs. Nevermind, as reported on NPR business this morning, big pharma spends more on advertising and PR than they do on R&D. Oh, you shouldn’t notice the record profits year after year either. A big part of pharma R&D is done by the public sector anyway. The NIH, NIMH, Academia, tax credits, public sector grants, etc play a huge role in funding R&D for new medications. > **[Public research funding and pharmaceutical prices: do Americans pay twice for...](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7642989/)** > > In the debate over prescription drug pricing, some pharmaceutical industry critics claim that U.S. taxpayers pay twice for costly therapies, because publicly supported research is a major contributor to drug discovery and American taxpayers are... [https://www.pnas.org/doi/10.1073/pnas.1715368115](https://www.pnas.org/doi/10.1073/pnas.1715368115) ---
**Author:** ![EllisDee](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/ellisdee/32/4531_2.png) [@EllisDee](https://boards.straightdope.com/u/EllisDee)\ **Post date:** [August 27, 2022, 5:12am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/73 "2022-08-27T05:12:47Z")
I only just discovered the Dark Brandon meme tonight and find myself laughing like a loon. Did a site-wide search here for the term and only found three hits. This one seemed the most appropriate to reply to, apologies for the bump. Here’s my favorite so far, though I found this on reddit so I don’t know if it’ll preview or even link properly. It’s not the best meme, just the most heartening. > **[r/DarkBRANDON - Dark Brandon is cancelling the red wave. (created by...](https://www.reddit.com/r/DarkBRANDON/comments/wxjg48/dark_brandon_is_cancelling_the_red_wave_created/)** > > 4,053 votes and 137 comments so far on Reddit ---
**Author:** ![JohnT](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnt/32/15048_2.png) [@JohnT](https://boards.straightdope.com/u/JohnT)\ **Post date:** [August 27, 2022, 5:18am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/74 "2022-08-27T05:18:26Z")
Thanks for that! Look at what I had made today… [![Imgur](https://live.staticflickr.com/65535/52314097554_54f60d9411_b.jpg "20220827\_001709") ](https://www.flickr.com/photos/68782016@N08/52314097554/) ---
**Author:** ![EllisDee](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/ellisdee/32/4531_2.png) [@EllisDee](https://boards.straightdope.com/u/EllisDee)\ **Post date:** [August 27, 2022, 5:24am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/75 "2022-08-27T05:24:48Z")
Holy shit if Dark Beto (ha!) miracled a win in Texas to unseat Abbott, …, I’m having trouble wrapping my head around a world that good even existing. ---
**Author:** ![JohnGalt](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johngalt/32/184_2.png) [@JohnGalt](https://boards.straightdope.com/u/JohnGalt)\ **Post date:** [August 28, 2022, 2:51am UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/76 "2022-08-28T02:51:38Z")
I just saw an ad, the first I’ve seen, touting the IRA and all it’s going to do for your family. Maybe the Democrats are figuring out the power of tooting your own horn. It was on HGTV; I don’t know if it’s playing elsewhere. ---
**Author:** ![not\_what\_you\_d\_expect](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/not_what_you_d_expect/32/3246_2.png) [@not\_what\_you\_d\_expect](https://boards.straightdope.com/u/not_what_you_d_expect)\ **Post date:** [August 28, 2022, 12:48pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/77 "2022-08-28T12:48:04Z")
President Biden has some pretty good approval numbers right now, so I think they have figured out a few things. I can’t remember what channel I was watching when I saw a similar type ad just recently , but I do remember being pleasantly surprised. ---
**Author:** ![Ruken](https://avatars.discourse-cdn.com/v4/letter/r/f475e1/32.png) [@Ruken](https://boards.straightdope.com/u/Ruken)\ **Post date:** [August 28, 2022, 1:21pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/78 "2022-08-28T13:21:12Z")
> [@Wesley\_Clark](#): > > A big part of pharma R&D is done by the public sector anyway. You then cite an article that tells us that only a minority of therapies have public sector contribution to the drug’s initial discovery, synthesis, or key intellectual property. That’s not too minimize basic science. But if we take an example that’s relevant to my family, implicating CGRP in migraines in academic labs was all well and good, but it took decades of commercial effort and multiple failures to get viable therapies to market. And if the ROI on advertising is high, that seems a symptom of the 15 minute visit with a physician and needing to ask for treatment in order to receive it. ---
**Author:** ![D\_Anconia](https://avatars.discourse-cdn.com/v4/letter/d/67e7ee/32.png) [@D\_Anconia](https://boards.straightdope.com/u/D_Anconia)\ **Post date:** [August 28, 2022, 2:00pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/79 "2022-08-28T14:00:48Z")
42 approve, 55 disapprove isn’t “pretty good”: [RealClearPolitics - Election Other - President Biden Job Approval](https://www.realclearpolitics.com/epolls/other/president-biden-job-approval-7320.html) ---
**Author:** ![flurb](https://avatars.discourse-cdn.com/v4/letter/f/51bf81/32.png) [@flurb](https://boards.straightdope.com/u/flurb)\ **Post date:** [August 28, 2022, 2:01pm UTC](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226/80 "2022-08-28T14:01:43Z")
> [@not\_what\_you\_d\_expect](#): > > President Biden has some pretty good approval numbers right now, so I think they have figured out a few things. Biden still has negative approval ratings – they’re just improved from the absolute ditch they were in mid-summer. I’m as happy as anyone about the roll Democrats have been on recently and certainly more optimistic about November than I was a few months ago, but there’s two months to go and the fundamentals of the political environment still favor Republicans. [Previous page](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226.md?page=3) [Next page](https://boards.straightdope.com/t/the-inflation-reduction-act-has-passed-08-12-22/969226.md?page=5)