The $430 billion Inflation Reduction Act, which some have labeled as a watered-down version of the president’s “Build Back Better” act, was passed by the House of Representatives on Friday along party lines and by the Senate last Sunday. WRCR market analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge says different industries right from day one can be pegged as winners or losers…
The bill is expected to be signed by President Biden this week.