The Inflation Reduction Act of 2022, H.R. 5376, is designed to reduce the deficit and lower inflation while investing in domestic energy production and lowering healthcare drug costs. It passed the Senate on Aug. 7, 2022, and is awaiting approval by the House of Representatives, which would set it up to be signed into law by President Biden. In essence, the legislation is a scaled-down version of the Build Back Better Act proposed by the Biden administration in 2021.1 The proposed legislation would raise $725 billion, require total investments of $433 billion, and result in a deficit reduction of more than $292 billion. The bill allows Medicare to negotiate lower prescription drug prices and extends the expanded Affordable Care Act program for three years, through 2025. Additionally, the agreement establishes policies designed to promote and support domestic energy and transmission projects. The goal is to lower costs for consumers and help the U.S. meet long-term emissions goals.Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.

Ver todos los episodios