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There are two especially striking aspects to the "Inflation Reduction Act," the sprawling climate-change/tax-reform/health-care legislation that just passed Congress and was signed into law by President Biden. The first is that it passed on strict party-line votes. And the second is that in an unexpectedly productive Congress, this makes it unusual.

The measure was the product of a year's worth of patient negotiation and compromise in the Senate. And while there are portions of the law that might have had appeal across the aisle - the idea of allowing the federal government to negotiate dru...