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Inflation Reduction Act summary graphic from the White House The nonpartisan Committee for a Responsible Federal Budget , [ 79 ] alongside the Swiss business lobbying group World Economic Forum [ 16 ] analyzed the Act and concluded that the "deficit reduction, along with other elements of the bill, is likely to reduce inflationary pressures and ...
The Inflation Reduction Act will likely go to a vote in the U.S. House this week. While we don’t anticipate North Carolina Republicans to stray from the party, we hope that they don’t take ...
On Wednesday, House Republican leaders unveiled a budget proposal that would roll back all federal spending enacted since 2021, including the $370 billion in the Inflation Reduction Act (IRA ...
Finally, the deal would reportedly add a new 1% excise tax on stock buybacks. That provision, another late addition to gain Sinema's support, will reportedly bring in $73 billion to the U.S. Treasury.
Votes by Vice President Kamala Harris played a critical role in passing Democratic legislation, including the American Rescue Plan and the Inflation Reduction Act. In addition, Harris gave the Democratic Party majority-control of the Senate. [13]
Most of the Inflation Reduction Act’s spending is on tax credits — for buying electric vehicles, electric heat pumps, solar panels and so on — and Republicans tend to be less opposed to tax ...
What will the Inflation Reduction Act do for you?
Not one Senate Republican voted for what most of their voters need and want. What does it mean when politicians are policy-phobic and compromise-averse? Calmes: GOP voters will benefit from the ...