Explainer: When will Americans feel the Inflation Reduction Act's impact?
20 Articles
20 Articles
Explainer: When will Americans feel the Inflation Reduction Act's impact?
The Inflation Reduction Act, a $430 billion bill focused on lowering healthcare costs, promoting clean energy and increasing corporate taxes, passed the U.S. Senate on Sunday and is expected to pass the House of Representatives as soon as Friday.
Winners and losers in the Inflation Reduction Act
WASHINGTON, D.C. — Senate Democrats are celebrating Sunday's passage of legislation wrapped up in a $740 billion package. The Inflation Reduction Act (IRA) is geared toward slowing climate change, lowering drug costs, and making the tax code fairer. The IRA passed the Senate with the slimmest possible majority, 51-50. The act would raise an estimated $740 billion over the next decade with a 15% minimum tax for large corporations."This is the lar…
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