UNDERNEWS: What's inside the inflation reduction act

August 17, 2022

What's inside the inflation reduction act

What's inside: The Inflation Reduction Act ...

Invests roughly $370 billion into initiatives to promote clean energy and reduce greenhouse gas emissions.
Increases health-care spending by $98 billion.
Imposes a 15% minimum tax on corporations that earn more than $1 billion in annual profits.
Allows Medicare to negotiate some prescription drug prices with pharmaceutical companies.

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ABOUT THE EDITOR

The Review is edited by Sam Smith, who covered Washington under nine presidents, has edited the Progressive Review and its predecessors since 1964, wrote four books, been published in five anthologies, helped to start five organizations (including the DC Humanities Council and the DC Statehood Party), was a plaintiff in three successful class action suits, served as a Coast Guard officer, and played in jazz bands for four decades.

A truly independent journalist with his feet firmly grounded in the reality of neighborhoods and everyday people. -- Patrick Mazza, Progressive Populist

A truly original voice in American journalism: humorous and plain spoken and filled with common sense -- Jay Walljasper, Utne Reader

Inimitable -- Mother Jones Magazine

Sam's a cynical cat -- Marion Barry

Sam's one of the few independent voices left. The press today is either extreme or special interest or else just establishment, an extension of the corporate spirit -- Sen. Eugene McCarthy,

One of a small group of whites with whom many blacks would trust their political lives - Chuck Stone, Washingtonian.

A reputation for wit, intelligence and anger. -- Claude Lewis, Chicago Tribune

Smith is an island of reason and information in a sea of narcissistic blather. -- City Paper, Washington

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