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The Inflation Reduction Act and Taxes : What You Should Know

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Ad number:#1022110775
Contact:David Jones
City:Delaware City
Zip:19709

Description

Congress has passed the Control Inflation Reduction Act, a bill that makes many economic changes and also contains tax implications. The White House says the package will address inflation in two key ways: by lowering energy and health care costs for families and by helping to bring down the deficit. The bill was the result of negotiations on the proposed Build Back Better Act, which had been reduced and comprehensively reworked from its initial proposal after receiving opposition from Manchin. It was introduced as an amendment to the Build Back Better Act and the legislative text was substituted.

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