August 16, 2022
D.C. News
  • President Joe Biden will sign the Inflation Reduction Act today, representing a major milestone for Biden and his domestic economic agenda. The sweeping $750 billion bill accomplishes several key Biden legislative agenda items and represents the largest climate investment in American history. It contains provisions to lower prescription drug costs, offer clean energy tax credits to Americans and companies, and establish a 15 percent corporate minimum tax and a 1 percent excise tax on stock buybacks. (Articles here, here, here, here, here, and here)