NPR.

Inflation has gotten so big in recent months that this week, Congress named a bill in its

honor.

It is the word of the year, I guess.

This is the Inflation Reduction Act of 2022, a largely deflated version of President

Biden's Build Back Better Bill.

Yes, there's a proposed 15% minimum tax on corporations pulling in more than a billion

dollars in annual profits.

There's more than $350 billion for energy and climate programs and an extension of

subsidies for health insurance plans through the Affordable Care Act.

We want to look at some of the items in this bill to see where our economy is going.

This is the indicator from Planet Money, I'm Whalen Wong.

I'm Darien Woods, and I'm Paddy Hirsch.

On today's indicators of the week, we're talking Medicare negotiating drug prices, tax credits

for electric vehicles, and funding meant to help the IRS get its groove back.

That's all coming up after the break.

Indicators of the week, special edition from the Inflation Reduction Act.

You go for it, Darien.

All right, my indicator is the $288 billion that could be saved by allowing the government

to directly negotiate some Medicare drug prices.

So the status quo is that the government cannot negotiate directly with drug companies

to bring down these Medicare prescription prices.

...