Inflation Reduction Act: How It Could Impact Your Wallet
Newsy
The Congressional Budget Office says the bill is likely to reduce the deficit by up to $102 billion over 10 years.
As its name suggests, the Democrats' new budget reconciliation bill claims it will help bring down inflation. But for the most part, that can't happen overnight.
Instead, experts say those are the impacts you'd likely see next year and into the future, as people across the country grapple with the highest inflation in more than 40 years.
"It really hits the pockets. I spend about $250 a week on just gas," said Charles Anderson of Phoenix.
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