Tag: President Joseph Biden

Following passage by the U.S. Senate and House of Representatives, President Biden has signed into law the Inflation Reduction Act (IRA). The IRA includes significant provisions related to climate change, health care, and, of course, taxes. The IRA also addresses the federal budget deficit. According to the Congressional Budget Office (CBO), the IRA is projected to reduce the deficit by around $90 billion over the next 10 years. Although the IRA falls far short of Biden’s originally proposed $2 trillion… Read more ›