Inflation Reduction Act of 2022

There are work-arounds the U.S. can use to fund affordable housing, drought responses, and other urgently-needed infrastructure that was left out of the two recent spending bills. Congress has passed two major infrastructure bills in the last year, but imminent needs remain. The 2021 Bipartisan Infrastructure Law chiefly focused on conventional highway programs, and the Inflation Reduction Act […]

The spending bill allocates $80 billion to the IRS with plans to increase its staff with 87,000 new agents. A critic pointed out that the proposal will not reduce inflation, but will instead cause massive job loss and increase household electricity expenses by 23%.