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The funding comes from the Infrastructure Investment and Jobs Act and the Inflation Reduction Act. [266] [267] According to a Biden administration statement, in the first year of implementation, around $2 billion was allocated to protect and restore land and marine ecosystems, including National Parks and the National Wildlife Refuge System. [268]
The program has been known as RAISE since 2021, and has awarded 90 projects across 47 states plus the District of Columbia and Guam in 2021, 166 projects across 50 states and various territories in 2022, and 162 projects across 50 states and various territories in 2023. [11] In 2023, the program received $2.2 billion in federal funding. [12]
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 ...
With a vote of 220 to 207, the U.S. House of Representatives passed the Inflation Reduction Act on Friday. Here's what's in the bill
The signing Tuesday of the Inflation Reduction Act is set to kick off a parade of action from the Biden administration and other Democrats to sell the bill. A big aspect of the coming Democratic ...
One way the administration did that was through the Inflation Reduction Act (IRA), which was signed into law in 2022. Key provisions of the bill are directly aimed at improving the lives of the ...
The Inflation Reduction Act will also impose a corporate minimum tax on corporations making $1 billion or more and increase the budget for the Internal Revenue Service (IRS) by $80 billion to ...
The legislation signed into law by President Biden on Tuesday will reserve nearly $370 billion to strengthen combative efforts against climate change.