Jared, as far as the nonsensically named "inflation reduction act" goes, the  MMT economists believe, in part, that increased taxes are a primary means for sovereign nations with control of their own currency to decrease inflationary pressures and redistribute wealth. We're just seeing them play out that part of the theory after the first phase got out of control. IMO.  I've never been able to figure out how MMT theories work in a world with global trade, competing currencies, etc...and that's part of the reason the theory has never been endorsed by anyone other than nut jobs economists like AOC's professor at Boston College...but it appears they are running with the next phase of the theory anyway.