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The Government Ethics Reform Act of 1989 provides for an automatic increase in salary each year as a cost of living adjustment that reflects the employment cost index. [2] Since 2010 Congress has annually voted not to accept the increase, keeping it at the same nominal amount since 2009.
The Inflation Reduction Act (IRA) passed in 2022, which included allocating billions of dollars towards investments related to renewable energy sources. But the future of such policies remains ...
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. It was passed by the 117th United States Congress and signed into law by President Joe Biden on August 16, 2022.
With a vote of 220 to 207, the U.S. House of Representatives passed the Inflation Reduction Act on Friday. Here's what's in the bill
$238 billion in Social Security reform, to be used to ensure the program is sustainably solvent in the infinite horizon by slowing benefit growth for high and medium-income workers, increase the early and normal retirement age to 68 by 2050 and 69 by 2075 by indexing it to longevity, index cost of living adjustments to the Chained-CPI, include ...
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 ...
The No Budget, No Pay Act was legislation proposed in the United States Congress providing that members of Congress would receive no salary unless Congress passed a budget by October 1, 2012. Representative Jim Cooper, a Democrat from Tennessee, introduced this bill in the United States House of Representatives. [1] [2]
The Inflation Reduction Act — which still has plenty of hurdles to overcome ... It “would very slightly increase inflation until 2024 and decrease inflation thereafter," it stated ...