Analysis: Biden's IRA climate bill won't cut deficit as expected

Contributing sentiments towards policy:

53% : The money would be used to pay for $369 billion worth of tax credits for industries like electric vehicles and wind and solar power and fund some $300 billion in deficit reduction.
51% : Instead of reducing the debt, it will add to it," said Kent Smetters, the faculty director of the Penn Wharton Budget Model, which scrutinizes federal spending.
43% : It placated allies Japan and the European Union, who were angered by what they saw as overly-protective economic policies
41% : The minimum tax will only impact a small number of companies, analysts say, and it could be years before this money rolls in because of loopholes that allow companies to offset taxes with COVID losses.

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