Inflation Reduction Act 2024 Cost. Biden signed the landmark inflation reduction act, which provides nearly $400 billion to support clean energy and address climate change,. The inflation reduction act may go down as one of the greatest confidence tricks on taxpayers in history.

As politifact has noted, the inflation reduction act includes a green energy package costing $369 billion over 10 years, including tax credits to boost investment in. The new bill makes the largest investment in combating climate change in u.s.