The Inflation Reduction Act requires certain large corporations ... Budget Office find the bill could reduce the federal deficit by more than $300 billion over time. An analysis by economists ...

It's ineffective at shaping behavior, and it primarily benefits the wealthy while needlessly adding to the deficit. EVs ...

It could indeed push lawmakers to act more responsibly with the nation’s purse strings. However, critics might argue that this could also lead to a narrow focus on deficit reduction at the ...

These provisions were initially modified under the Inflation Reduction Act of 2022, which passed along party lines without any Republican support. Now that they have control of the House of ...

The net result on the economy would be a 0.6% reduction in real GDP by 2034. That dip would be even steeper without the ...

Lawmakers intend to pursue budget reconciliation legislation in the coming months, which requires passage of a concurrent budget resolution that includes reconciliation instructions in order to ...

The plan is currently in Phase 2, where the board will determine its plan to cut $13.2 million — the deficit for the 2025 budget — in spending with the help of stakeholder input.

"But not all deficit reduction needs to be contentious ... Congress passed the Inflation Reduction Act in 2022. Lawmakers appropriated about $80 billion to the IRS through the Inflation Reduction ...

The Inflation Reduction Act of 2022 was a piece of legislation ... The bill contains large investments in deficit reduction as well as energy security and climate change, and healthcare.

The federal tax credit for electric vehicle purchases has far outlived its purpose and now stands as a glaring example of ...