The Inflation Reduction Act 2022 | How It Impacts You
As always stay until the end of the video for my thoughts and how to benefit from this.
What is it?
The Inflation Reduction Act of 2022 is designed to reduce the deficit and lower inflation while investing in domestic energy production and lowering healthcare drug costs.
In essence, the legislation is a scaled-down version of the Build Back Better Act proposed by the Biden administration in 2021.
According to Senate Democrats, the proposed legislation would raise $737 billion, require total investments of $437 billion, and result in a deficit reduction of more than $300+ billion.
I will break these numbers down a little later in the video.
According to the White House, the Inflation Reduction Act would make “the single largest investment in climate and energy in American history.”
Spending is designed to lower energy costs, increase cleaner energy production, and reduce carbon emissions by 40% by 2030
Some say this is essentially just a climate Bill under a different name.
🔥 WBF University – Join My School Here:
📈 Get 5 FREE Stocks: https://whiteboardfinance.com/go/moomoo (Worth up to $3,500)
Fundrise – Invest In Real Estate For Only $500:
My FREE M1 Finance Training Video:
My FREE Stock Market For Beginners Guide:
GET MY HOME AFFORDABILITY SPREADSHEET HERE:
FOLLOW ME ON INSTAGRAM:
⏰ Timestamps ⏰:
0:00 – Intro
0:35 – What’s In The Inflation Reduction Act?
1:25 – Understanding The Inflation Reduction Act
2:49 – What’s In It?
4:39 – The Penn Wharton Budget Model
6:30 – My Thoughts
9:07 – WBF University
9:28 – LOL
ABOUT ME 👇
My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos reflect my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort to every video that I make. I also believe in complete transparency and open communication with my audience.
Subscribe if you are interested in:
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.
The first month of 2023 has been relatively kind to the stock market, at least compared with 2022. The…