Inflation Reduction Act 2024

Inflation Reduction Act 2024. The inflation reduction act does not raise income taxes for the broad swath of individual taxpayers; More than $482 million recovered from 1,600 millionaires who have not paid tax debts.

The inflation reduction act is a large legislative package passed by congress and signed into law by president joe biden aimed at fighting inflation,. 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 congress has made in the nation’s history.