Us Inflation Reduction Act 2024 Update. Updated 8:54 am edt, fri august 16, 2024 link copied! More than $482 million recovered from 1,600 millionaires who have not paid tax debts.

Taxes are poised to rise under the inflation reduction act, which passed in august 2022, but the increases target very large corporations and the richest americans. Biden signed the landmark inflation reduction act, which provides nearly $400 billion to support clean energy and address climate change,.