August 2022
The Inflation Reduction Act (IRA) of 2022, formally called the budget reconciliation bill, was signed into law on August 16, 2022. This bill impacts a wide variety of areas, from climate to health care, but the overall goal was twofold. Although the bill is just a portion of President Biden’s overall social agenda, it still provides significant changes. The bill is substantial, so it is difficult to hit on everything, but some need-to-know items are addressed below.
