Inflation Reduction Act 2024 Update News

Inflation Reduction Act 2024 Update News. The inflation reduction act of 2022 was signed into law on august 16, 2022. More than $482 million recovered from 1,600 millionaires who have not paid tax debts.

The inflation reduction act is tackling the climate crisis by advancing clean power, cutting pollution from buildings, transportation, and industry and supporting. 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.