Friday, September 30

What’s in it? The bill explained.

The Inflation Reduction Act of 2022, a landmark piece of legislation passed this summer, has broad implications across multiple sectors of the economy. The policy package is less robust than the Build Back Better Bill President Joe Biden tried to push through Congress last year but it’s still ambitious in its targeting of prescription drug prices and carbon emissions.

The White House and Democrats in Congress have touted the act for its reforms to the tax system, historic investments in clean energy, and reductions in health care prices.

Here’s what you need to know about the bill, who voted for it, and how it might affect your pocket book.

Drug prices, taxes, climate action:What the Inflation Reduction Act will mean for you

Follow our inflation coverage:No more steak. Ordering out less. Here’s how inflation is squeezing American diets.

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