Inflation Reduction Act 2024 Update. The inflation reduction act has already spurred a clean energy boom, contributing to more than $360 billion in private sector clean energy announcements since president biden took office. State and city lawmakers spoke about the government investments that came.
A new 15% minimum corporate tax and a 1% fee on stock buybacks. Taxes are poised to rise under the inflation reduction act, which passed in august 2022, but the increases target very large corporations and the richest americans.
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