Top 11 Benefits of the Inflation Reduction Act
The recently passed Inflation Reduction Act will fight inflation; bring down the skyrocketing cost of prescription drugs; cut health care costs; make historic investments to tackle climate change; and significantly cut the deficit.
After more than one year of negotiations in Congress, the recently passed Inflation Reduction Act includes historic, overwhelmingly popular investments and savings for older adults, families, and the planet. By taking on the most powerful special interests in Washington—Big Pharma, Big Oil, and Wall Street—the legislation delivers lower energy and health care costs, fights inflation, reduces the deficit, and jump-starts a new affordable clean energy economy.
The above excerpt was originally published in the Center for American Progress. Click here to view the full fact sheet.
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Authors
Seth Hanlon
Former Acting Vice President, Economy