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The Inflation Reduction Act is the largest piece of federal legislation ever to address climate change. [88] According to the CBO and JCT, it will invest $783 billion in provisions relating to energy security and climate change. [7] This includes $663 billion in tax incentives, and $27 billion for a green bank created by amending the Clean Air Act.
The largest climate investment in US history has dramatically reshaped the EV landscape. One year ago, President Biden signed the Inflation Reduction Act (IRA) into law, which set aside roughly ...
US President Joe Biden shakes hands with Sen. Joe Manchin (D-W.VA) following the signing into law H.R. 5376, the Inflation Reduction Act of 2022 (climate change and health care bill) in the State ...
The Inflation Reduction Act passed by the Senate over the weekend will pursue an extremely wide and varied array of strategies intended to combat climate change. ... Separate from those tax ...
On Aug. 7, Vice President Kamala Harris cast the tie-breaking vote as Senate Democrats passed the $430 billion Inflation Reduction Act — a climate, tax and healthcare bill that includes ...
The Inflation Reduction Act includes $369 billion in investments in climate and clean energy programs, mostly toward tax credits for renewable energy. Experts explain how the Inflation Reduction ...
To help pay for the new provisions in the Inflation Reduction Act, the U.S. government will institute new tax structures. See: Inflation Reduction Act's Climate Change Initiatives Subsidize Solar...
Democrats rallied behind the $430 billion climate, health care and tax overhaul after Senate Majority Leader Charles Schumer (D-N.Y.) reached a last-minute deal with Sen. Joe Manchin (D-W.Va ...