Senate-Passed Inflation Reduction Act: Estimates of Budgetary and Macroeconomic Effects — Penn Wharton Budget Model
PWBM estimates that the Senate-passed version of the Inflation Reduction Act would reduce non-interest cumulative deficits by $264 billion over the budget window. The impact on inflation is statistically indistinguishable from zero. GDP falls slightly within the first decade while increasing slightl
Statement from Agriculture Secretary Tom Vilsack on Passage of Inflation Reduction Act
WASHINGTON, August 12, 2022 - “I want to thank Speaker Pelosi for leading the House in quick passage of the historic Inflation Reduction Act, putting rural America over special interests, and delivering a historic bill to President Biden’s desk.
Child care provisions were cut from the Inflation Reduction Act. It's not the first time.
The passage of the Inflation Reduction Act may have been a win for Democrats and President Biden on climate, the US economy and prescription drugs, but for women it falls short of its potential on key policies.