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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.
What will the Inflation Reduction Act do for you?
The U.S. utility industry wants the incoming Trump administration and Republican-led Congress to preserve clean energy and EV tax credits in the Inflation Reduction Act, Pedro Pizarro, the CEO of ...
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 ...
August 4, 2022: The Senate voted 95–1 in favor of ratifying the accession of Sweden and Finland into NATO. [14] August 7, 2022: The Senate voted 51–50 to pass the Inflation Reduction Act, with Vice President Kamala Harris breaking the tie. August 8, 2022: The FBI executes a search warrant at former President Donald Trump's Mar-a-Lago residence.
The Senate passed the Inflation Reduction Act on August 7, 2022, on a 51–50 vote, with a tie-breaking vote from Vice President Kamala Harris, [80] returning the amended bill to the House. On August 12, the House passed the bill on a 220–207 vote, [ 81 ] and President Biden signed it into law on August 16.
For those who do not qualify for these rebates, the Inflation Reduction Act will grant tax credits for a heat pump installation (up to $2,000) and other energy-saving installations, like an ...
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...