‘Inflation Reduction Act’ Has Little Inflation Help, UPenn Study Says

Estimates ‘statistically indistinguishable from zero’: study
Penn Wharton researchers influential with Senator Joe Manchin

Senator Joe Manchin, a Democrat from West Virginia, speaks with members of the media at the US Capitol building in Washington, D.C., US, on Wednesday, May 11, 2022. Source: Bloomberg

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By Erik Wasson and Ramsey Al-Rikabi

July 29, 2022 at 5:27 PM UTC

This article is for subscribers only.

The Inflation Reduction Act of 2022, the breakthrough US legislative deal on key parts of President Joe Biden’s agenda, likely won’t reduce inflation at all, according to a study.

And that’s coming from researchers influential with the senator whose vote was crucial to sealing the deal, Joe Manchin of West Virginia.