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This is CBS Eye on the World.

Here's John Batchler.

The Inflation Reduction Act, a centerpiece of 2022 for the Biden administration

now running for re-election, called affectionately in Washington, the IRA.

The unintended consequences of the Inflation Reduction Act.

It has been noted by many commentators on all stripes,

is not about inflation.

It's about green energy or green policies of the future,

or subsidies, or encouraging the American economy to move to EVs and other renewables

away from the fossil fuel-based economy of the past that has led to the consequences of

the climate change and pollution as mentioned.

...