The Inflation Reduction Act includes caps on insulin and Medicare drug costs and offers tax credits for people buying heat pumps, solar panels and electric vehicles.
Transportation Secretary Pete Buttigieg told KIRO 7 the subsidies for electric cars are targeted to people who need the tax break. “That is part of the brilliance of the way the policy was designed. If you’re wealthy, you don’t qualify. If you’re trying to buy a luxury car, you don’t qualify.”“In fact, it’s not something to be celebrated, it’s something to have caution and to make sure we rein in the out of control spending,” said Tiffany Smiley, Republican Senate candidate in Washington.
New federal inflation data showed Seattle-area prices unchanged over the last two months, but still up 9% from last year.KIRO 7 asked White House economic advisor Heather Boushey when people will see real relief at the grocery store.
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