What effect do you think the bill will likely have on our economy – or various sectors of our economy?

Instructions: With vary narrow margins (essentially by party lines with the VP casting a tie breaking vote in the Senate), Congress has passed what Democrats refer to as the “Inflationary Reduction Act.” I am not sure the name really fits the bill, but that’s for you to decide.
Read the article at the following link:https://apnews.com/article/inflation-biden-health-climate-and-environment-9a7f349fa7b07387d20ad603f2ff4875(And be sure to read the full article carefully!)
What effect do you think the bill will likely have on our economy – or various sectors of our economy? What do you think will happen to GDP? What are the potential costs to the new policy, and finally, do you think the benefits of the policy outweighs those costs? (Whether yes or no, please explain your decsion.)Your response should contain two well thought out paragraphs with a few sentences each. The first should outline what you perceive as potential costs/benefits to affected party. The second paragraph should indicate whether or not you think this is a good plan for America, and why.(Remember that all submissions go through plagiarism screening, so please use your own words!)