We answer your questions about the “Inflation Reduction Act”

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 11 August 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’re getting lots of question about the Inflation Reduction Act. We know, weird name for the major climate and tax legislation the Senate passed earlier this week. We’ll explain how Democrats plan to pay for it and what it means for prescription drug prices. Plus, the meaning behind the phrase “paycheck to paycheck.”

Here’s everything we talked about today:

“For Older Americans, Health Bill Will Bring Savings and ‘Peace of Mind’” from The New York Times
“How the 15% US Minimum Corporate Tax Would Work” from The Washington Post
“How a Last-Minute Lobbying Blitz Watered Down a Climate Bill Tax” from The New York Times
“What Is Paycheck to Paycheck?” from Investopedia

If you have more questions about the Inflation Reduction Act, or anything else, send them our way. Our email is [email protected] or leave a voice message at 508-U-B-SMART.

Transcript

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0:00.0	Hey folks, I'm Megan McCarty Carino, a man for Chi-Riz Doll. Welcome back to Make Me Smart,
0:11.9	where we make today make sense.
0:14.7	And I'm Kimberly Adams. Thank you for joining us for What Do You Want to Know Wednesday,
0:19.0	the day and the week, where we answer listener questions with the help of our wonderful team
0:24.3	over here at Make Me Smart.
0:26.6	If you've got a question about the economy or business or tech, email us at Make Me Smart
0:32.8	at Marketplace.org or leave us a voice mail. Our number is 508UB Smart, which I've kind
0:39.3	of been wondering why isn't it you are smart. I'm just saying, just saying.
0:43.2	Today we have a couple questions.
0:44.5	Where the number is, it's the number, like because the R is a different number on the
0:49.2	phone.
0:50.2	Well I know why we couldn't make it whatever.
0:53.9	We should have done it with proper grammar. I'm just saying.
0:58.0	Well no, but so no, this is actually a fun story. When the number first came out, it wasn't
1:03.4	like anything related to it. It's just like one of the listeners recognized the UB Smart.
1:10.0	Are you kidding?
1:11.0	Are you kidding?
1:12.0	It was just a fortunate, it was just Kismet.
1:15.3	Sure, I don't know what Kismet means, but I'm going to go with it.
1:21.2	How the coincidence is.
1:24.0	I think the smart part may have been planned, but the UB, I don't think so.
1:29.0	Okay, gotcha, gotcha.
	...

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