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The funding comes from the Infrastructure Investment and Jobs Act and the Inflation Reduction Act. [261] [262] 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. [263]
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 ...
Since the onset of the COVID-19 pandemic more than four years ago, the U.S. has experienced 40-year record-high inflation that has just now started to cool down over the past several months. As per...
The IRA also extends subsidies for health insurance costs that began in the 2010 Affordable Care Act for an additional three years. That provision comes with a price tag of about $64 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 ...
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...
Even President Joe Biden has some regrets about the name of the Inflation Reduction Act: As the giant law turns 1 on Wednesday, it's increasingly clear that immediately curbing prices wasn't the ...
Through the Inflation Reduction Act, you can receive up to a $7,500 credit when you buy a new electric vehicle and up to $4,000 on specific electric vehicles and plug-in vehicles.