Inflation Reduction Act 2024. The inflation reduction act’s prevailing wage provision incentivizes taxpayers to pay prevailing wages to the construction workers building clean energy. It also helps that thousands of companies, from industries across the economy and states across the country, supported the inflation reduction act’s climate.
Starting january 2024, the inflation reduction act expanded the program to cover more drug costs for people with limited resources: 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 climate that congress has made in the nation’s history.