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The Inflation Reduction Act. The Biden administration took action over the past several years to tackle rampant inflation and lower costs for everyday Americans.
The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy.
Passed in August, the $739 billion act aims to both curb inflation and provide environmental benefits alongside “lower costs for families, combat[ing] the climate crisis, reduc[ing] the deficit ...
With President Joe Biden signing the Inflation Reduction Act into law on Aug. 16, it marks one of the biggest spending packages in American history at $750 billion, per CNN. In total, $430 billion...
Senate Democrats announced a deal on a $700 billion Inflation Reduction Act that aims to reduce inflation by paying down the national debt, lowering energy costs and extending affordable ...
The Inflation Reduction Act — which still has plenty of hurdles to ... Biden said in a statement that Sinema's support was "another critical step toward reducing inflation and the cost of living ...
Although it is called the Inflation Reduction Act (IRA), for many homeowners the opportunity to save money -- by making their home more energy-efficient -- trumps a gradual easing of inflation 10...
A report by non-profit group Rewiring America found that the tax incentives included as part of the $369 billion dedicated to climate initiatives in the Inflation Reduction Act would save the ...