Democrats’ Inflation Reduction Act is heading to the House of Representatives for a vote on Friday after clearing the Senate this past weekend, and with it, some big changes to key sectors of the U.S. economy.
As MarketWatch reported, the bill’s energy and climate-focused ICLN, +0.45% incentives are peppered with rebates and tax credits that will directly impact households. They address heat pumps, appliance efficiency, solar panels, electric vehicles TSLA, +0.78% F, +3.14% and more. Investors saw an immediate impact of the Senate’s advancing the bill on Monday, as shares of solar, electric vehicle and fuel cell companies all rallied.
Before the deal, 13 million people were facing higher health-insurance premiums next year. Now, Affordable Care Act subsidies will be extended for three years, sparing millions of Americans.
Drug costs have increased much less than most things. And this won’t curb inflation-just more govt spending does the opposite
I read the bill and the reduction of out of pocket costs doesn't go into affect until 2025 or 2026. How is this going to help with inflation? How is this going to help anyone on Medicare?
So it doesnt even help now or next year? The hell is this 2025 timeline? InflationReductionAct Midterms2022
I’m sure there will be a formulary and not all drugs will be included unfortunately.
whoLetTheDadsOut Did someone let the air out of dat thing?
Go for Generics.
This bill creates 87K more IRS agents to tax billionaires. But there are only 724 Billionaires in the US. What are the other 86,276 agents for?