Inflation Reduction Act 2024 Update. No republican voted for the inflation reduction act two years ago, and conservatives consistently charge that its hundreds of billions of dollars in subsidies for. 16, 2022, president joseph r.

The inflation reduction act provided $80 billion in additional funding to the irs, much of which is dedicated to closing the tax gap by specifically enforcing tax. The inflation reduction act allows a maximum credit of $7,500 per new clean vehicle, consisting of $3,750 in the case of a new vehicle that meets certain.