Trump aims at Biden's Inflation Reduction Act: EVs, clean energy …
Dec 20, 2024 · President-elect Donald Trump has vowed to repeal Joe Biden's signature climate bill called the Inflation Reduction Act, which initially aimed at some $400 billion in new spending and tax cuts and ...
Inflation Reduction Act | U.S. Department of the Treasury
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.
FACT SHEET: Two Years In, the Inflation Reduction Act is …
Aug 16, 2024 · Already, the Inflation Reduction Act is transforming American lives by finally beating Big Pharma to negotiate lower prescription drug prices, making the largest investment in clean energy...
Biden-Harris Administration Announces Nearly $1.6 Billion in ...
Dec 12, 2024 · WASHINGTON – Today, December 12, the U.S. Environmental Protection Agency announced it has selected 105 applications for the Community Change Grants Program, totaling nearly $1.6 billion in awards to advance local, on-the-ground projects that reduce pollution, increase community climate resilience, and build community capacity. Made possible by President Biden’s Inflation Reduction Act ...
News on the Inflation Reduction Act of 2022 - Internal Revenue …
IR-2024-233, U.S. Department of the Treasury, IRS announce $1.3 billion recovered from high-income, high-wealth individuals under Inflation Reduction Act initiatives; IR-2024-230, Funding from the Inflation Reduction Act improves taxpayer service with modern online tools
The Inflation Reduction Act: Saving American Households …
Aug 7, 2024 · The Inflation Reduction Act, or IRA, extended and expanded tax credits that help households invest in residential clean energy such as solar panels, as well as home energy efficiency.
FACT SHEET: How the Inflation Reduction Act’s Tax Incentives …
Oct 20, 2023 · The Inflation Reduction Act modifies and extends the clean energy Investment Tax Credit to provide up to a 30% credit for qualifying investments in wind, solar, energy storage, and other renewable energy projects that meet prevailing wage standards and employ a sufficient proportion of qualified apprentices from registered apprenticeship ...
How the Inflation Reduction Act sparked a manufacturing and …
Aug 20, 2024 · The Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of dollars of investment, particularly in rural communities in need of economic...
Biden-Harris Administration's Inflation Reduction Act Tops $1
Nov 14, 2024 · Most of the projects being announced today are funded by President Biden’s Inflation Reduction Act, the nation’s largest-ever investment in combating the climate crisis. Since the start of the Biden-Harris Administration, USDA has invested more than $2.7 billion through REAP in 9,901 renewable energy and energy efficiency improvements.
FACT SHEET: One Year In, President Biden’s Inflation Reduction Act …
Aug 16, 2023 · 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 excise tax on stock...