Projected deficit reductions from IRA 2022.

in inflation •  2 years ago 

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Effect of the Inflation Reduction Act on the federal deficit (this is based on the old CBO score. CBO hasn't scored the recent changes).

Note: this includes the CBO's estimated revenue from enhancement of IRS resources.

It is estimated it will decrease the 2023 deficit by about $20 billion from baseline.

The CBO estimates the effect on 2023 inflation though is +/- 0.1% and negligible for 2022. The health insurance subsidies will boost inflationary pressure. The alternative minimum tax for corporations will reduce inflationary pressure.

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Here's the CBO table. The CBO doesn't include the IRS enhancement in the total revenues due to budgetary scoring rules, but you can add them yourself:

inflation reduction act deficit cbo irs
2 years ago by

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