By Lubbock Times |
Oct 3, 2024
The Congressional Budget Office (CBO) has released an analysis of a new program by the Biden-Harris administration aimed at addressing issues related to the Inflation Reduction Act (IRA). According to the CBO, this initiative, which seeks to reduce seniors' Part D premiums, is projected to cost taxpayers at least $7 billion in 2025. Over three years, the program could potentially cost more than $21 billion.