Biden’s IRA features energy and climate moves. Who would guess it from the name?

It was so 2022. Passage of the nearly $1 trillion Inflation Reduction Act: a largely Democrat-written, broad spending bill targeting alternative-energy growth and climate-change initiatives, tax-code changes and sweeping health-care upgrades.

The U.S. economy at the time was burdened by the highest inflation since the 1980s and the most palatable way to advance a big spending bill, in a Congress where Democrats barely held an edge, was presumed to be with a name that sounded like economic relief from the surging price and…