Inflation Reduction Act (IRA):
https://www.congress.gov/bill/117th-congress/house-bill/5376/text
Fact Sheet
https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/15/by-the-numbers-the-inflation-reduction-act/
How IRA Aids:
Communities:
-- Black
https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/16/fact-sheet-how-the-inflation-reduction-act-helps-black-communities/
-- Latino
https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/16/fact-sheet-how-the-inflation-reduction-act-helps-latino-communities/
-- Asian American, Native Hawaiian, Pacific Islander
https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/19/fact-sheet-how-the-inflation-reduction-act-helps-asian-american-native-hawaiian-and-pacific-islander-communities/
-- Rural
https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/17/fact-sheet-how-the-inflation-reduction-act-helps-rural-communities/
-- Tribal
https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/18/fact-sheet-how-the-inflation-reduction-act-helps-tribal-communities/
Workers & Families
https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/19/fact-sheet-the-inflation-reduction-act-supports-workers-and-families/
Young Americans
https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/16/fact-sheet-how-the-inflation-reduction-act-builds-a-better-future-for-young-americans/
Environmental Justice
https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/17/fact-sheet-inflation-reduction-act-advances-environmental-justice/
OMB: Social Benefits of IRA GHG Emission Reductions
https://www.whitehouse.gov/omb/briefing-room/2022/08/23/new-omb-analysis-the-inflation-reduction-act-will-significantly-cut-the-social-costs-of-climate-change/
DOE Projects IRA Emissions Reduction
https://www.energy.gov/articles/doe-projects-monumental-emissions-reduction-inflation-reduction-act
CMS: IRA Lowers Health Care Costs
https://www.cms.gov/newsroom/fact-sheets/inflation-reduction-act-lowers-health-care-costs-millions-americans
STATE FACT SHEETS: How IRA Lowers:
-- Health Care Costs
https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/18/state-fact-sheets-how-the-inflation-reduction-act-lowers-health-care-costs-across-america/
-- Energy Costs, Creates Jobs, Tackles Climate Change
https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/17/state-fact-sheets-how-the-inflation-reduction-act-lowers-energy-costs-create-jobs-and-tackles-climate-change-across-america/
Congressional Research Service:
-- Taxation:
IRA Tax Provisions (H.R. 5376)
https://crsreports.congress.gov/product/pdf/R/R47202
IRS-Related Funding in IRA
https://crsreports.congress.gov/product/pdf/IN/IN11977
Excise Tax on Stock Repurchases/Tax Advantages of Buybacks over Dividends
https://crsreports.congress.gov/product/pdf/IF/IF11960
Taxation of Carried Interest
https://crsreports.congress.gov/product/pdf/R/R46447
Distribution of IRS Enforcement Activity Funded by IRA
https://crsreports.congress.gov/product/pdf/IN/IN12001
-- IRA on Energy, Environment, Climate:
Provisions Related to Climate Change
https://crsreports.congress.gov/product/pdf/R/R47262
Agricultural Conservation, Forestry, and Renewable Energy
https://crsreports.congress.gov/product/pdf/IN/IN11978
Methane Emissions Charge: In Brief
https://crsreports.congress.gov/product/pdf/R/R47206
Offshore Wind Provisions
https://crsreports.congress.gov/product/pdf/IN/IN11980
DOE Loan Guarantee Programs
https://crsreports.congress.gov/product/pdf/IN/IN11984
Electricity Transmission Provisions
https://crsreports.congress.gov/product/pdf/IN/IN11981
Proposed Tax Preference for Domestic Content in Energy Infrastructure
https://crsreports.congress.gov/product/pdf/IN/IN11983
EPA and Selected Other Environmental Provisions
https://crsreports.congress.gov/product/pdf/IN/IN11987
Clean Vehicle Tax Credits
https://crsreports.congress.gov/product/pdf/IN/IN11996
Incentives for Clean Transportation
https://crsreports.congress.gov/product/pdf/IN/IN12003
Congressional Budget Office:
Estimated Budgetary Effects of H.R. 5376
https://www.cbo.gov/publication/58366
Economic Analysis of Budget Reconciliation Legislation
https://www.cbo.gov/publication/58357
Additional Info About Prescription Drug Legislation
https://www.cbo.gov/publication/58355
Info on H.R. 5376
https://www.cbo.gov/publication/58367
Media summaries:
NYT, What’s in Climate/Health Bill
https://www.nytimes.com/interactive/2022/08/13/upshot/whats-in-the-democrats-climate-health-bill.html
WaPo:
-- Health 202
https://www.washingtonpost.com/politics/2022/08/08/health-care-winners-losers-democrats-economic-package/https://thehill.com/homenews/3597824-heres-whats-in-the-inflation-reduction-act-the-sweeping-bill-impacting-health-climate-and-taxes/
-- The Climate 202
https://www.washingtonpost.com/politics/2022/08/08/senate-finally-passed-historic-climate-bill-now-what/
-- How IRA might impact you
https://www.washingtonpost.com/us-policy/2022/07/28/manchin-schumer-climate-deal/
NPR, Democrats climate, health and tax bill
https://www.npr.org/2022/08/07/1116190180/democrats-are-set-to-pass-a-major-climate-health-and-tax-bill-heres-whats-in-it
The Hill, Here’s what’s in the IRA
https://thehill.com/homenews/3592694-heres-whats-in-the-inflation-reduction-act-the-sweeping-health-and-climate-bill-passed-sunday/
WSJ, What’s in Joe Manchin and Chuck Schumer’s Reconciliation Deal on Climate, Health and Tax Policy?
https://www.wsj.com/articles/whats-in-joe-manchin-and-chuck-schumers-reconciliation-deal-on-climate-health-and-tax-policy-11658973323?st=cv3vnymdvda9b0v&reflink=desktopwebshare_permalink
Bloomberg, Winners and Losers in Democrats’ Signature Tax and Energy Bill
https://www.bloomberg.com/news/articles/2022-08-07/winners-and-losers-in-democrats-signature-tax-and-energy-bill?srnd=politics-vp&sref=rt0aKb7H
Fortune, Here are the winners and losers from Democrats’ climate change and tax bill
https://fortune.com/2022/08/08/winners-losers-democrats-climate-change-tax-bill-macnhin-biden-sinema/
The Hill, Here’s what’s in the IRA, the sweeping bill impacting health, climate and taxes
https://thehill.com/homenews/3597824-heres-whats-in-the-inflation-reduction-act-the-sweeping-bill-impacting-health-climate-and-taxes/
Media analyses:
-- Macroeconomic and budget impacts
Knowledge at Wharton, How the IRA Will Boost Energy Security, Health Care, and Tax Revenues
https://knowledge.wharton.upenn.edu/article/how-the-inflation-reduction-act-will-boost-energy-security-health-care-and-tax-revenues/ https://budgetmodel.wharton.upenn.edu/issues/2022/8/12/senate-passed-inflation-reduction-act
Apricitas Economics, The IRA: Will it Actually Reduce Inflation?
https://www.apricitas.io/p/the-inflation-reduction-act
The Conversation, Will the IRA actually reduce inflation? How will the corporate minimum tax work? An economist [Nirupama Rao] has answers
https://theconversation.com/will-the-inflation-reduction-act-actually-reduce-inflation-how-will-the-corporate-minimum-tax-work-an-economist-has-answers-188786
-- Taxation
Protocol, Why tech shrugged off the new 15% corporate minimum tax
https://www.protocol.com/policy/tax-minimum-corporate
Tax Foundation, How to Think About IRS Tax Enforcement Provisions in the IRA
https://taxfoundation.org/inflation-reduction-act-irs-funding/
Matthew Yglesias, Funding the tax police is very good
https://www.slowboring.com/p/funding-the-tax-police-is-very-good
-- Climate and energy
WSJ:
-- IRA Could Supercharge Grid Energy Storage
https://www.wsj.com/articles/inflation-reduction-act-could-supercharge-grid-energy-storage-11660061840?st=j3uu7puibsfpyqd&reflink=desktopwebshare_permalink
-- IRA’s Real Climate Impact Is a Decade Away
https://www.wsj.com/articles/inflation-reduction-acts-real-climate-impact-is-a-decade-away-11661342401?st=5tlshalk9t4tk26&reflink=desktopwebshare_permalink
NYT:
-- Expansion of Clean Energy Loans Is ‘Sleeping Giant’ of Climate Bill
https://www.nytimes.com/2022/08/22/business/energy-environment/biden-climate-bill-energy-loans.html
-- Democrats Designed the Climate Law to Be a Game Changer. Here’s How
https://nyti.ms/3KczbEm
-- For Electric Vehicle Makers, Winners and Losers in Climate Bill: Carmakers may need several years to revamp their supply chains to meet new rules, but the legislation is still seen as a win for electric vehicles.
https://www.nytimes.com/2022/08/12/business/climate-bill-electric-vehicles.html
-- Ditching fossil fuels,
https://www.nytimes.com/2022/08/12/briefing/climate-bill-senate-clean-energy.html
The Atlantic:
-- Biden’s Climate Law Is Ending 40 Years of Hands-Off Government: For America to decarbonize, it must reindustrialize.
https://www.theatlantic.com/science/archive/2022/08/climate-law-manchin-industrial-policy/671183/
-- The EPA Just Quietly Got Stronger: The new climate bill isn’t quite “all carrots, no sticks.”
https://www.theatlantic.com/science/archive/2022/08/inflation-reduction-act-epa-carrots-sticks/671218/
MIT Technology Review:
-- Predicting the climate bill’s effects is harder than you might think
https://www.technologyreview.com/2022/08/12/1057675/predicting-climate-bill-effects/
-- Why the carbon capture subsidies in the climate bill are good news for emissions
https://www.technologyreview.com/2022/08/25/1058591/why-the-carbon-capture-subsidies-in-the-climate-bill-are-good-news-for-emissions/
Science, U.S. Department of Energy research gets a surprise boost in inflation-reduction bill
https://www.science.org/content/article/u-s-department-energy-research-gets-surprise-boost-inflation-reduction-bill
The American Prospect
-- The IRA’s Quiet Revolution on Public Power
https://prospect.org/environment/inflation-reduction-acts-quiet-revolution-on-public-power
-- Manufacturing in the Green Industrial Policy Era
https://prospect.org/economy/manufacturing-in-the-green-industrial-policy-era/
NPR, The IRA incentivizes capturing carbon emissions
https://www.npr.org/2022/08/21/1118669854/the-inflation-reduction-act-incentivizes-capturing-carbon-emissions
Bloomberg, Biden Signed the Climate Law. Now the Hard Slog Begins. Federal agencies must write a raft of regulations to implement the new law as hundreds of billions of dollars hang in the balance.
https://www.bloomberg.com/news/articles/2022-08-17/biden-signed-the-climate-law-now-the-bureaucrats-hard-slog-begins
PolicyMap, Identify Incentivized Locations for Solar, Wind, and EV Charging Facilities Using PolicyMap
https://policymap.com/blog/inflation-reduction-act-solar-wind-electric-energy-incentives
-- Farming
WSJ, Farm Conservation Efforts Get $20 Billion Bounty From Climate, Health and Tax Bill
https://www.wsj.com/articles/farm-conservation-efforts-get-20-billion-bounty-from-climate-health-and-tax-bill-11660557781?st=mvyiixodepdgc4v&reflink=desktopwebshare_permalink
Science, Can farmers fight climate change? New U.S. law gives them billions to try
https://www.science.org/content/article/can-farmers-fight-climate-change-new-u-s-law-gives-them-billions-try
Mother Jones, How the IRA Affects Food and Agriculture
https://www.motherjones.com/food/2022/08/inflation-reduction-act-food-agriculture-farming/
-- Health
WaPo, How the IRA might affect your health care
https://www.washingtonpost.com/health/2022/08/09/health-care-inflation-reduction-act/
SHRM, IRA's Health Care Provisions Could Affect Employers
https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/inflation-reduction-act-health-care-provisions-could-affect-employers.aspx
Kaiser Health News, IRA Contains Important Cost-Saving Changes for Many Patients
https://khn.org/news/article/medicare-democrats-drug-price-negotiations-subsidies-insurance-legislation/
MarketWatch, Medicare beneficiaries — help from the IRA
https://www.marketwatch.com/story/medicare-beneficiaries-heres-the-help-youll-get-from-the-inflation-reduction-act-in-the-new-year-and-in-the-future-11660929276