Inflation reduction act

Instead of spending $4.5 trillion on Build Back Better congress is now considering $739 billion on the Inflation Reduction Act. It will include $313 billion dollars in new corporation taxes. It also places a $2,000 out of pocket drug limit for seniors. The bill offers $90 billion in tax incentives for wind and solar companies. This was tried before but failed as companies took the money and then went bankrupt. It offers tax credits for home investments in wind and solar but those will only help people who owe taxes. It offers a $4,000 tax credit for the purchase of a used electric car and $7,500 for a new one. While the bill removed the social spending from the green new deal there was no mention of nuclear power.