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The funding comes from the Infrastructure Investment and Jobs Act and the Inflation Reduction Act. [266] [267] According to a Biden administration statement, in the first year of implementation, around $2 billion was allocated to protect and restore land and marine ecosystems, including National Parks and the National Wildlife Refuge System. [268]
The credit rating agency says that the act would “modestly reduce inflation over the 10-year budget horizon,” with an average “reduction in CPI inflation of 3.3 basis points” per year.
The Inflation Reduction Act — which still has plenty of hurdles to overcome before it becomes law — is a far cry from some early Democratic ambitions but nonetheless marks a potentially giant ...
The Inflation Reduction Act will also impose a corporate minimum tax on corporations making $1 billion or more and increase the budget for the Internal Revenue Service (IRS) by $80 billion to ...
One way the administration did that was through the Inflation Reduction Act (IRA), which was signed into law in 2022. Key provisions of the bill are directly aimed at improving the lives of the ...
The Inflation Reduction Act does so many things that so many of us have fought to make happen for years and years. There are three things everyone should know about the Inflation Reduction Act ...
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...
The White House held a big celebration this week for the signature accomplishment of President Biden’s term — the so-called Inflation Reduction Act. Thousands were on hand as Biden and others ...