Inflation Reduction Act

From Simple English Wikipedia, the free encyclopedia

The Inflation Reduction Act of 2022 is a United States federal law which aims to reduce inflation by possibly reducing the federal government budget deficit, lowering prescription drug prices, and investing into domestic energy production while promoting clean energy. It was passed by the 117th United States Congress and signed into law by President Joe Biden on August 16, 2022.[1]

References[change | change source]

  1. ↑ "What is the Inflation Reduction Act? Everything to know about one of Biden's big laws". USA TODAY. Retrieved 2023-09-02.
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