Inflation Reduction Act 2024 Details . The distributional results that follow do not. On august 16, 2022, president biden signed the inflation reduction act (ira) into law, marking one of the largest investments in the american economy, energy security, and climate that.
The new bill makes the largest. The inflation reduction act raises $300 billion over a decade by requiring large corporations to pay a 15 percent minimum tax on their profits and by enacting a 1 percent.
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