U.S. Senate Approves Inflation Reduction Act

U.S. Senate Approves Inflation Reduction Act

On August 7, 2022, the U.S. Senate passed the Inflation Reduction Act (IRA) of 2022 (H.R. 5376) with a 51 to 50 tally, with Vice President Kamala Harris casting the tiebreaking vote. Overall, the bill is a significantly scaled-down solution to what many Democrats,...