Inflation Reduction Act

This would be the second part to President Bidens infrastructure and social spending legislation. The legislation is designed to tackle.

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The Inflation Reduction Act of 2022 HR.

. The Inflation Reduction Act IRA successor to the House-passed Build Back Better Act of late 2021 has been touted by President Biden to among other things help reduce the countrys crippling inflation. 5376 is designed to reduce the deficit and lower inflation while investing in domestic energy production and lowering healthcare drug costs. Inflation Reduction Act of 2022.

Text for HR5376 - 117th Congress 2021-2022. The Inflation Reduction Act will lower costs for families combat the climate crisis reduce the deficit and finally ask the largest corporations to pay their fair share. 19 2021 with a 220 to 213 vote.

The Inflation Reduction Act is not expected to bring down inflation dramatically or right away but experts say that might not be such a bad thing given the bills other areas of focus. The Inflation Reduction Act is a trimmed-down version of the 185 trillion Build Back Better Act that was narrowly passed by the House on Nov. 21 hours agoThe Inflation Reduction Act IRA of 2022 was signed into law by President Biden on Aug.

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