Facebook Twitter Tumblr Close Skip to main content
A Project of The Annenberg Public Policy Center

Scott Overstates Tax Increases in Inflation Reduction Act

Scott Overstates Tax Increases in Inflation Reduction Act

The Inflation Reduction Act proposes to raise over $700 billion in new revenues over 10 years to be spent on energy, climate change initiatives, health care and deficit reduction. But not all of those revenues come via higher taxes. More than half comes from health care savings and from beefed up IRS tax enforcement.

How Does the Inflation Reduction Act Address Climate Change?

How Does the Inflation Reduction Act Address Climate Change?

Senate Majority Leader Chuck Schumer said the Senate plans to hold its first vote Aug. 6 on the Inflation Reduction Act. An estimated $369 billion over the next 10 years would go toward combating climate change and investing in “energy security.” Here we review some of the climate-focused provisions in the bill.