Budget Brief 22-11
August 22, 2022

The Inflation Reduction Act of 2022 (IRA; P.L. 117-169) is a pared-down version of the ambitious Build Back Better agenda put forth last year. It provides funding to combat climate change (through both direct spending and tax incentives) and includes health provisions, revenue increases, cost savings, and more. This Budget Brief highlights appropriations and other key provisions of the law, emphasizing policies with a fiscal impact on states.