Make no mistake, the so-called Inflation Reduction Act unveiled Wednesday 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.
If passed, the act will increase the prices that Americans pay for energy, make the United States less energy secure, and do absolutely nothing for the environment. Perhaps more insidious, it will hurt Americans who live in coal-rich states, like Manchin’s West Virginia, the most.
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