Inflation Reduction Act Archives - Econ Briefs

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Kicking the Can on Student Debt – by Dr. Cecil Bohanon and Dr. John Horowitz
- Education
May 1, 2025 by christianhartselle
With much fanfare, President Biden announced a debt relief program for those holding student loans. The debt relief program will cost more than $500 billion, effectively wiping out all the deficit reductions from the Inflation Reduction Act. The $500 billion in foregone revenue must lead to other spending reduction, increases in other taxes or an […]

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Deficits, Debt, and the Taxpayer Base – by Dr. Cecil Bohanon and Dr. John Horowitz
- Tax
May 1, 2025 by christianhartselle
Recently, Congress passed, and the President signed the Inflation Reduction Act, a tweak to the Federal government’s taxing and spending policy. The Inflation Reduction Act is a significantly scaled-back version of a more ambitious Build Back Better fiscal plan. The bill that passed is estimated to reduce the Federal government deficit over the next ten […]

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