How the Inflation Reduction Act benefits the middle class (with Rose Khattar)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 6 September 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Inflation Reduction Act may be smaller than the original Build Back Better plan, but it still represents a huge leap forward in middle-out economic thinking. The IRA addresses out-of-control healthcare costs, it helps build a fairer tax code, and it combats the climate crisis. It’s a huge win for the Biden administration and, more importantly, for the middle class. Economist Rose Khattar breaks down the many benefits of the IRA on our first episode back from summer break. Rose Khattar is the Associate Director of Economic Analysis at the Center for American Progress. Twitter: @rose_khattar Top 11 Benefits of the Inflation Reduction Act https://www.americanprogress.org/article/top-11-benefits-of-the-inflation-reduction-act I Helped Coin the Phrase “Middle-Out Economics”, Biden is Making It a Reality https://newrepublic.com/article/167506/biden-middle-out-economics How the Inflation Reduction Act could help normal Americans fight rising costs https://www.businessinsider.com/democratic-budget-bill-inflation-reduction-act-could-fight-intrest-rates-2022-8 Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

Click on a timestamp to play from that location

0:00.0	President Biden ran on building the economy from the middle out, but the Biden administration
0:05.7	has both adopted the narrative and committed themselves to the policy agenda it implies
0:11.4	in the most robust way in a generation.
0:14.0	It turned out to be a really great summer.
0:16.2	We got what they've now called the Inflation Reduction Act.
0:19.8	The biggest benefits of the Inflation Reduction Act really go down to the administration doing
0:24.2	its best to bring down costs on some of life's biggest non-negotiable expenses.
0:30.0	From the home offices of civic ventures in downtown Seattle, this is Pitchfork Economics,
0:38.0	with Nick Hanauer, the best place to get the truth about who gets what and why.
0:42.7	I'm Nick Hanauer, founder of Civic Ventures.
0:52.2	I'm David Goldstein, senior fellow at Civic Ventures.
0:59.4	Nick, it's our first episode bank from our first podcast summer break.
1:07.0	What did you do this summer?
1:08.0	Oh, just the usual fooling around.
1:10.4	Just like me taking the dog for a walk.
1:15.6	I did some fun things.
1:17.7	I went to Alaska with some of my friends.
1:20.3	I spent my summer, what I usually do, which is watching Senator Manchin to see what he
1:28.6	allows Congress to do.
1:30.8	And oh my God, Nick, it turned out to be a really great summer.
1:35.2	It was a great summer.
1:36.6	Out of the blue, we got what they've now called the Inflation Reduction Act, the IRA,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Civic Ventures, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Civic Ventures and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.