The Inflation Reduction Act was signed into law in the summer of 2022 as part of President Biden’s Investing in America Agenda. This legislation helps 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. Although President Trump could repeal parts of this policy during his term, Forbes Contributor Rhett Buttle outlines three provisions of the Inflation Reduction Act that can benefit entrepreneurs and main street businesses as the legislation currently stands.
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