UPDATE 2-Biden touts Inflation Reduction Act on first anniversary ...Middle East

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UPDATE 2-Biden touts Inflation Reduction Act on first anniversary
source : Devdiscourse ( Middle East ) () 54
U.S President Joe Biden on Wednesday used the first anniversary of his signature Inflation Reduction Act to pitch the landmark clean-energy law as an economic powerhouse to a public that remains largely unaware of its contents. The wide-ranging law provides billions of dollars in tax credits to help consumers buy electric vehicles and companies produce renewable energy, as Biden aims to decarbonize the mighty U.S. power sector. It also helps seniors pay for prescription drugs, expands some elements of Obamacare and raises taxes on wealthy Americans and corporations.

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