Inflation Reduction Act

GPTKB entity
AI-created image of Inflation Reduction Act
AI-created image

Statements (51)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:affects greenhouse gas emissions
gptkbp:alsoKnownAs gptkb:IRA
gptkbp:billColor gptkb:H.R._5376
gptkbp:climateSpending $369 billion (estimated)
gptkbp:dateEnacted 2022
gptkbp:establishes corporate minimum tax
prescription drug price negotiation
gptkbp:extendsTo Affordable Care Act subsidies
gptkbp:focusesOn gptkb:tax_law
climate change
health care
deficit reduction
gptkbp:fundedBy IRS enforcement
Medicare drug price negotiation
clean energy
gptkbp:goal reduce U.S. greenhouse gas emissions by 40% by 2030
https://www.w3.org/2000/01/rdf-schema#label Inflation Reduction Act
gptkbp:imposedBy 1% excise tax on stock buybacks
15% corporate minimum tax
gptkbp:includes funding for agriculture conservation
funding for clean heavy-duty vehicles
funding for clean manufacturing
funding for coastal resilience
funding for environmental justice
funding for forest restoration
funding for rural communities
health insurance premium subsidies
incentives for domestic energy production
methane emissions reduction program
rebates for home energy efficiency
funding for environmental review process improvements
gptkbp:introducedIn gptkb:House_of_Representatives
gptkbp:MedicareDrugNegotiationBegins 2026
gptkbp:opposedBy all Republican members of Congress
gptkbp:passedBy gptkb:117th_United_States_Congress
gptkbp:providesTaxCredits energy efficiency
renewable energy
electric vehicles
gptkbp:reducesDeficitBy $300 billion (estimated)
gptkbp:relatedTo gptkb:American_Rescue_Plan_Act
gptkb:Build_Back_Better_Act
gptkbp:signedBy gptkb:Joe_Biden
2022-08-16
gptkbp:sponsor gptkb:John_Yarmuth
gptkbp:supportedBy all Democratic members of Congress
gptkbp:totalExpenditure $737 billion (estimated)
gptkbp:voteInHouse 220-207
gptkbp:voteInSenate 51-50
gptkbp:bfsParent gptkb:Joe_Biden
gptkbp:bfsLayer 4