Explainer: When will Americans feel the Inflation Reduction Act's impact?

Summary by Ground News

The Inflation Reduction Act is a 740 billion dollar package that makes the largest investment in clean energy in US history. The goal of the bill is to reduce carbon emissions by 40% by 2030. The House is expected to pass the bill as early as Friday and then it will go to the President's desk.

2 months ago

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Reuters

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.

2 months ago·United Kingdom

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The Hill

Why the Inflation Reduction Act is an economic winner for rural America

The bill would invest $20 billion in family farmers and ranchers, the backbone of our rural economies.

2 months ago·Washington, United States

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New York Post

Why Wall Street celebrating Inflation Reduction Act could be premature

Tax experts warn that a new tax on stock buybacks could turn into a “gateway drug” to tax all kinds of financial transactions.

2 months ago·New York, United States

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Real Clear Politics

Why the Inflation Reduction Act Is a Big Deal

Joseph E. Stiglitz explains how the legislation would address several key longstanding problems facing America.

2 months ago·Chicago, United States

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MarketWatch

Why the Inflation Reduction Act is a very big deal for Americans

The Democrats' budget bill addresses some big problems: Climate change, energy security, health-care costs, tax fairness, budget deficits, and inflation

2 months ago·United States

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PIX 11

What will the Inflation Reduction Act do for New Yorkers?

MIDTOWN, Manhattan -- On the first weekday since the grueling all-night voting session that led to the U.S. Senate passing the Inflation Reduction Act, Sen. Charles Schumer, its main negotiator, laid out a long list of ways that he said the $430 billion measure will benefit New Yorkers. The G.O.P., whose members all voted against the bill designed to improve the economy, health care, and the environment, called it a measure that will worsen Amer…

2 months ago·New York, United States

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