08/01/2022 | News release | Distributed by Public on 08/01/2022 12:50
The compromise was announced on July 27 as the "Inflation Reduction Act of 2022." Although the compromise is projected to reduce the deficit overall, the proposed legislation authorizes significant spending targeted to renewable energy, cutting edge technology, reducing greenhouse gas (GHG) impact from manufacturing, and promoting less carbon intensive buildings by expanding existing programs and creating new ones. Priorities include: