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Source: Corbin Hiar & Benjamin Storrow, POLITICO, 8/21/22
The Inflation Reduction Act that President Joe Biden signed into law last week includes $369 billion for climate and energy programs — tens of billions of which are intended to directly benefit American consumers.Those subsidies for homeowners, low-income Americans and even farmers are sprinkled throughout the sprawling package, which modeling suggests could cut U.S. emissions of planet-warming gases 40 percent from 2005 levels by the end of the decade.
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