On Tuesday, Joe Biden signed the Inflation Reduction Act, a $750 billion health care, tax, and climate package, into law at the White House.
“With this law, the American people won and the special interests lost,” Biden said during the signing. “For a while people doubted whether any of that was going to happen, but we are in a season of substance.”
The bill would allocate $369 million for ‘green energy.’
The IRS would also receive $80 billion. The funding would mark a 600 percent increase from 2021 when the bureau received $12.6 billion.