US Lawmakers Approve The Inflation Reduction Act

Karen Levy
Mon, 15 Aug 2022 11:44:23 -0700

The US House of Representatives passed the Inflation Reduction Act on August 12, 2022. The comprehensive legislation, approved by the Senate on August 8, 2022, will be signed into law by President Joe Biden later this week. It is designed to lower health care and energy costs, combat climate change, and increase taxes on large corporations. Major provisions of the bill include: