The Inflation Reduction Act: Three Facts On Taxes And Small Businesses

The Inflation Reduction Act was signed into law in the summer of 2022 as part of President Biden’s Investing in America Agenda. This landmark legislation is helping small businesses and working Americans by investing in deficit reduction to fight inflation, increasing manufacturing, lowering drug prices, and leveling the playing field when it comes to paying taxes. Even though the law is nearly two years old, there is still debate on how this policy is truly helping Americans and that may …