The Inflation Reduction Act of 2022 (IRA), signed into law on August 16, 2022, is a comprehensive piece of legislation to tackle critical challenges facing the United States. Its primary goals include reducing carbon emissions, lowering healthcare costs, funding the Internal Revenue Service, and enhancing taxpayer compliance. One of the act's main focuses is promoting domestic investments in manufacturing capacity, encouraging the procurement of critical supplies from free-trade partners or within the country, and accelerating the development and adoption of cutting-edge technologies like carbon capture and storage and clean hydrogen. Additionally, it ensures that funds are allocated to address environmental justice priorities and mandates recipients of various funding streams to demonstrate equity impacts. Interestingly, foreign...