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The funding comes from the Infrastructure Investment and Jobs Act and the Inflation Reduction Act. [265] [266] 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. [267]
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 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.
Over the weekend, Senate Democrats passed the Inflation Reduction Act of 2022, legislation that would fulfill some of President Biden’s campaign promises on climate and prescription drugs ...
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...
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]
With 2023 coming closer into view, there's new economic legislation that will come into play -- some of which will hopefully benefit Americans, including the terms of the Inflation Reduction Act...
On Aug. 7, Vice President Kamala Harris cast the tie-breaking vote as Senate Democrats passed the $430 billion Inflation Reduction Act — a climate, tax and healthcare bill that includes ...