It's because you keep making the mistake of thinking they are spending 700 billion on the IRS to get back 300 billion.
What's In the Inflation Reduction Act? | Committee for a Responsible Federal Budget
2022-07-28-Update (9/7/2022): The Congressional Budget Office has released an official score of the final version of the Inflation Reduction Act
This is what the spending is on.
| Policy | Cost (-)/Savings (2022-2031) |
|---|---|
| Energy and Climate | -$386 billion |
| Clean Electricity Tax Credits | -$161 billion |
| Air Pollution, Hazardous Materials, Transportation and Infrastructure | -$40 billion |
| Individual Clean Energy Incentives | -$37 billion |
| Clean Manufacturing Tax Credits | -$37 billion |
| Clean Fuel and Vehicle Tax Credits | -$36 billion |
| Conservation, Rural Development, Forestry | -$35 billion |
| Building Efficiency, Electrification, Transmission, Industrial, DOE Grants and Loans | -$27 billion |
| Other Energy and Climate Spending | -$14 billion |
| Health Care | -$98 billion |
| Extension of Expanded ACA Subsidies (three years) | -$64 billion |
| Part D Re-Design, LIS Subsidies, Vaccine Coverage | -$34 billion |
| Total, Spending and Tax Breaks | -$485 billion |
| Health Savings | $322 billion |
| Repeal Trump-Era Drug Rebate Rule | $122 billion |
| Drug Price Inflation Cap | $101 billion |
| Negotiation of Certain Drug Prices | $99 billion |
| Revenue | $468 billion |
| 15 Percent Corporate Minimum Tax | $313 billion |
| IRS Tax Enforcement Funding* | $124 billion |
| Closure of Carried Interest Loophole | $13 billion |
| Methane Fee, Superfund Fee, Other Revenue | $18 billion |
| Total, Savings and Revenue | $790 billion |
| Net Deficit Reduction | $305 billion |
| Memo: Deficit reduction with permanent ACA subsidy extension | ~$155 billion |
