Inflation Reduction Act 2024 Cost. As politifact has noted, the inflation reduction act includes a green energy package costing $369 billion over 10 years, including tax credits to boost investment in. On august 16, 2022, president biden signed the inflation reduction act (ira) into law, marking one of the largest investments in the american economy, energy security, and.
The inflation reduction act of 2022 includes several provisions to lower prescription drug costs for people with medicare and reduce drug spending by the. The federal guidelines allow for a discount of up to $840.