The inflation reduction act was recently signed. But behind the confusing name and the range of different policies included, it can be difficult to figure out exactly what the impact of this bill will be. I give a simplified explanation of what this bill is about. How it won't really affect inflation, and how it's mainly a climate change bill. Finally I explain how this bill will be paid for: via additional taxes on firms and a big budget upgrade for the IRS. Full video: https://youtu.be/_y9VVm8Ee3s#inflationreductionact #consumerprices #inflationnews More videos:   Why construction costs are NOT going DOWN! - https://youtu.be/CMxCk-9xkqw  When was US inflation LAST this HIGH? - https://youtu.be/kxFes-Hil7c   Social:   Facebook: https://www.facebook.com/manraj.nijjar11/  Instagram: https://www.instagram.com/manraj.nijjar  Tik Tok: https://www.tiktok.com/@manraj.nijjar1  LinkedIn: https://www.linkedin.com/company/the-manraj-nijjar-show  Twitter: https://twitter.com/ManrajNijjar1  Podcast: https://manrajnijjarshow.buzzsprout.com/

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