September 11, 2022
The National Special Districts Coalition has published a special report covering the Inflation Reduction Act of 2022. This publication in a product of the NSDC Advocacy Team and is part of the Coalition’s efforts to advocate and inform on federal policies of special districts’ interest.
Click here to access the special report to read more about the core elements of the Inflation Reduction Act. Highlights of greatest importance to NSDC’s membership are included, spotlighting key provisions concerning tax reform, tax policy modifications, and the myriad of energy and climate programming.
The bill became law on August 16, 2022, after more than a year of intra-party and inter-party squabbles on a wide range of policy matters as well as the final price tag. The law moved though the federal branch as a reconciliation bill on a party-line basis. The final product is the result of major claw backs from what was originally proposed as the $3.5 trillion Build Back Better Act. Policies that did not make the final bill included provisions for paid leave, universal pre-school, college tuition payments, and more. Ultimately, the Inflation Reduction Act is projected to reduce the deficit, as of the date of this publication, by an estimated $300 billion – due in most part to included Medicare policy and tax code changes.
Read the full report here. Contact CSDA Federal Advocacy Coordinator Cole Karr at colek@csda.net for more information.
#FeatureNews#AdvocacyNews