Biden's Tax Return and Home Upgrades: A Push for His Agenda.

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Source: Yahoo Finance
TL;DR Summary

The Biden Administration has signed the Inflation Reduction Act into law, which directs billions of dollars towards upgrading homes, businesses, and cars. Americans making less than $150,000 a year can claim a $7,500 tax credit for buying an electric car, and $9 billion in rebates are available to help people electrify their home appliances and make their houses more energy-efficient. The law is controversial, but clean energy investors have already seen positive returns, with renewable energy companies outperforming the S&P 500. The White House plans to assist 7.5 million Americans in putting solar panels on their rooftops by 2023, creating opportunities for startups in the space.

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