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Senate Majority Leader Chuck Schumer (D-N.Y.) speaks to reporters during a news conference at the U.S. Capitol in Washington on July 28, 2022. Drew Angerer/Getty Images
Make no mistake, the so-called Inflation Reduction Act of 2022, unveiled on July 27 by Senate Majority Leader Chuck Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.), will do nothing that its supporters state—in fact, it will do quite the opposite.
