Welcome to the Reason Roundtable, the weekly Libertarian podcast brought to you by the magazine

that has been advocating for the abolition of the IRS since 1968. I am Matt Welch, joined

by Peter Suderman, Katherine Mangy Ward, and birthday boy Nicholas Robinette Gillespie. Happy

Nick Day, everyone. Howdy, happy birthday. Happy Monday. Hey, Matt. We are going to talk about

what the victory of Joe Biden's legislative agenda means for these United States here in the moment.

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Do it today. You'll be glad you did. Okay, a month ago it was dead. Two weeks ago it was revived.

Yesterday it was passed by the Senate, and as soon as this week, it will become law. It's Joe Biden's

build-back better bill rebranded, implausibly, buddy, effectively, as the inflation reduction act,

bundling together climate change mitigation spending, changes in the way prescription drug prices

are negotiated, corporate tax hikes plus, a radical spending and staffing increase at the IRS.

It was passed by a party line vote of 5150, which coincidentally is the California legal code

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