Poll: 76% of Arizonans unaware that Medicare savings went to green projects under Biden's Inflation Reduction Act
According to a report from Americans for Tax Reform (ATR), under the IRA, roughly $280 billion in savings from Medicare's prescription drug provisions went to fund green energy programs and tax credits. These provisions included a $7,500 tax credit for luxury EVs.
According to Americans for Tax Reform (ATR), the misbegotten Inflation Reduction Act (IRA) of 2022 served as little more than the implementation of the Green New Deal. ATR reported the IRA diverted $280 billion from Medicare’s prescription drug provisions to Biden’s pet climate initiatives—instead of lowering prescription drug costs for seniors.