Inflation Reduction Act 2024 Pros And Cons. Its purpose is to address inflation, while further supporting a reduction in carbon emissions by. The inflation reduction act will likely increase the deficit and add to inflationary pressure, especially in the near term.
In the two years since its enactment, the ira has spurred a flurry. The inflation reduction act (ira) is the us’ most significant investment in combatting climate change so far, with economic benefits from reduced greenhouse gas.