Journal Article
Policy Update: Understanding the Inflation Reduction Act
Taylor, Sam Louis (2022-10)
In August, President Biden signed into law a spending, revenue, and deficit reduction bill titled the Inflation Reduction Act (IRA). Born out of the never-enacted Build Back Better Act, a $1.8 trillion stimulus and revenue package proposed at the beginning of the Biden administration, the IRA is the result of extended negotiations that changed the bill from a broad social and economic stimulus bill into one focused on clean energy, health care, and deficit reduction. These changes secured the final votes needed to pass the legislation on a party-line basis. It represents one of the largest ...
Econ Focus , Volume 22 , Issue 4Q , Pages 17

Journal Article
The Expanding Role of Renewable Fuel Policy as a Demand Driver in Agriculture
Cowley, Cortney (2024-07-11)
Energy policies that promote shifts toward renewable fuels have important implications for the agricultural sector. Policies in the Inflation Reduction Act (IRA) in particular are likely to increase connections between the U.S. row crop sector and the energy industry. The IRA, which Congress passed in August 2022, created policies to help further transition the U.S. economy away from hydrocarbons and toward more domestic renewable fuel production. Previous shifts in renewable fuel policy, such as the implementation of the Renewal Fuel Standard (RFS) in 2006, may help shed light on the IRA’s ...
Economic Review , Volume vol. 109 , Issue no. 6 , Pages 16