A landmark federal climate and health bill making its way to the finish line includes everything from a cap on Medicare patients’ costs for insulin to tax credits for manufacturing solar panels and support for offshore wind power. The U.S. House of Representatives is poised to pass the $740 billion package Friday, after the Senate approved it along party lines earlier this week. “It’s been a long and winding road, but the Inflation Reduction Act is almost at the White House door,” U.S. Sen. Chris Van Hollen of Maryland said Thursday in Baltimore.
From lower prescription costs to cleaner power, here’s what the federal ‘Inflation Reduction Act’ means for Maryland
August 12, 2022