The Inflation Reduction Act's title raises a tantalizing question: Will the measure actually tame the price spikes that have inflicted hardships on American households?
WASHINGTON — With inflation raging near its highest level in four decades, the House on Friday gave final approval to President Joe Biden's landmark Inflation Reduction Act.
People are also reading… The nonpartisan Congressional Budget Office concluded last week that the changes would have a"negligible" impact on inflation this year and next. And the University of Pennsylvania's Penn Wharton Budget Model concluded that, over the next decade,"the impact on inflation is statistically indistinguishable from zero."
Biden himself, in speaking of the legislation's effect on inflation, has cautiously referred to potentially lower prices in individual categories rather than to lower inflation as a whole. This week, the president said the bill would"bring down the cost of prescription drugs, health insurance premiums and energy costs."
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Will the Inflation Reduction Act actually reduce inflation?The Inflation Reduction Act's title raises a tantalizing question: Will the measure actually tame the price spikes that have inflicted hardships on American households?
Weiterlesen »
John Cornyn: Inflation Reduction Act won’t reduce inflation or taxesOur economy is in crisis, and Texans are paying the price. From gas stations to grocery stores, families and small businesses feel the pain of inflation....
Weiterlesen »
Inflation Reduction Act may have little impact on inflationWith inflation raging near its highest level in four decades, the House gave final approval to President Joe Biden’s landmark Inflation Reduction Act.
Weiterlesen »
Consumers May Qualify for Up to $10,000 — Or More — in Climate Tax Breaks and Rebates in the Inflation Reduction ActThe Inflation Reduction Act includes thousands of dollars in tax credits and rebates for consumers who buy electric vehicles, install solar panels or make other energy-efficient upgrades to their homes.
Weiterlesen »
Inflation Reduction Act may have little impact on inflationWASHINGTON (AP) — With inflation raging near its highest level in four decades, the House on Friday gave final approval to President Joe Biden’s landmark Inflation Reduction Act. Its ti…
Weiterlesen »