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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.
In Congress, 18 Republican members wrote Speaker Mike Johnson (R-La.) last summer declaring their collective support for not repealing the clean energy tax credits in the Inflation Reduction Act ...
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 ...
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 ...
The top House Republican also said “we will cut the wasteful Green New Deal spending in the Democrats’ so-called Inflation Reduction Act that is costing twice as much as it was advertised, and ...
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 ...
The Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of dollars of investment, particularly in rural communities in need of economic development.