August 19th, 2022 by WCBC Radio
As Marylanders continue to struggle with rising costs across the board- President Joe Biden this week signed into law the Inflation Reduction Act- and that drew applause from the state’s two Democratic Senators Chris Van Hollen and Ben Cardin. The Democratic-backed Inflation Reduction Act ultimately aims to address the economy investing $300 billion in deficit reduction. Most of the proposed $369 billion would be spent on the climate creating renewable energy tax credits. Cardin and Van Hollen predicted the bill’s impact will be felt fairly quickly in the state. Cardin he thinks there will be some immediate impact because of the confidence factor…
Senator Van Hollen said it will address healthcare and prescription drugs, allocating $64 billion to extend expiring Affordable Care Act subsidies by three years…
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