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Inside the Inflation Reduction Act: Drugs, electric vehicles, and taxes : The Indicator from Planet Money We assess the Inflation Reduction Act: Will there be unintended consequences from taking on Big Pharma? Will electric vehicles become cheap? And does the tax department need more money?

The Indicator from Planet Money

Drugs, electric cars, taxes

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Paddy Hirsch

Drugs, electric cars, taxes

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WASHINGTON, DC - JULY 28: Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters during a news conference at the U.S. Capitol July 28, 2022 in Washington, DC. Schumer discussed the CHIPS and Science legislation as well as his recent agreement with Sen. Joe Manchin (D-WV) on the Inflation Reduction Act of 2022. (Photo by Drew Angerer/Getty Images)
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Drew Angerer/Getty Images
WASHINGTON, DC - JULY 28: Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters during a news conference at the U.S. Capitol July 28, 2022 in Washington, DC. Schumer discussed the CHIPS and Science legislation as well as his recent agreement with Sen. Joe Manchin (D-WV) on the Inflation Reduction Act of 2022. (Photo by Drew Angerer/Getty Images)
Drew Angerer/Getty Images

The Inflation Reduction Act of 2022, the latest incarnation of Biden's Build Back Better plan, finally received support from Democratic Senator Joe Manchin. But what exactly is in this bill that everyone is chattering about?

Today on the show, three indicators from the bill: Prescription drug prices, electric vehicle subsidies, and more funding for tax enforcement.

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