By Andrey Dashkov, analyst, Casey Research
A new bill is making its way through Congress…
It’s called the “Inflation Reduction Act of 2022,” and it could provide a massive boost to several industries.
The bill’s goal is to increase spending on domestic energy and healthcare while raising billions in tax income from corporations and other sources.
It’s designed in such a way that overall tax revenue will be higher than the amount of money the government plans to spend on energy and healthcare. It would decrease the country’s deficit, which tends to be an anti-inflationary event.
Like most government bills, it’s a little more complex than that.
But, there are several sectors set to benefit from it immensely.
And I want to draw your attention to these winners.