The New Inflation Reduction Act
The Cherrytree Group
The major legislation passed by Congress this month is nothing short of transformational. The Inflation Reduction Act (which I’ll nickname as the “Climate Tax Bill”), if passed by the House, would expand the use of Federal tax credits to advance climate stabilization goals and attempt to curb global warming. In doing so, this bill lays bare the power and reach of the U.S. Tax Code to harness renewable energy as a tool to achieve economic security.