Will climate change truly be addressed by Democrats' social spending bill?
President Biden enthusiastically describes his administration's new Inflation Reduction Act as "the most significant legislation in history to tackle the climate crisis." Curiously though, neither officials nor media praising the IRA are stating the actual climate impact of spending $369 billion on the bill's climate provisions.
Copenhagen Consensus president Bjorn Lomborg explains the impact of the Democrats' spending bill on the environment on 'Kudlow.'