The Inflation Reduction Act, or IRA, will lower prescription drug, health care, and...
The Inflation Reduction Act, or IRA, will lower prescription drug, health care and energy costs. It will lower the deficit, and no one making less than $400,000 per year will pay a penny more in taxes.
Because the Biden-Harris administration has been successful in tackling the climate crisis, the IRA will reduce energy bills, saving families and small businesses about $500 per year. With just these two measures, one could save about $1,300 per year. Additionally, small businesses can deduct up to $1 per square foot of their business for making high energy-efficiency upgrades. The per-square-foot deduction is boosted if the efficiency upgrades are completed by workers paid a prevailing wage.
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Compromises in Democrats' climate bill will hit communities facing most pollution hardest, critics sayThe late addition of oil and gas initiatives to the Inflation Reduction Act helped Democrats pass the sweeping legislation, but advocates for people of color and low-income communities fear the compromise will harm those groups.
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PolitiFact - Johnson’s claim on IRS audits of mostly low wage earners is in the ballparkCurrently, the IRS has audited Americans earning less than $25,000 a year at five times the rate of other taxpayers. The number of audits will grow, and the proportion of who is audited may shift.
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Compromises in Democrats' climate bill will hit communities facing most pollution hardest, critics sayCritics question whether the Inflation Reduction Act will help people of color and low-income communities as much as intended.
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Tim Ryan Shows Brazen Hypocrisy on China Buying U.S. FarmlandOhio Senate Democrat candidate Rep. Tim Ryan said America must keep China from buying U.S. farmland but voted for the Inflation Reduction Act, which blocked a provision to prevent it.
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Supporter of Biden's Inflation Reduction Act rips 'reckless' student loan handouts: 'Cynical and depressing'Committee for a Responsible Federal Budget President Maya MacGuineas walks back support of President Biden's fiscal policy after student loan handouts.
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