On Aug. 16, President Biden signed the Inflation Reduction Act of 2022 (IRA). While the bill claims it will, “make a historic down payment on deficit reduction to fight inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40% by 2030,” plumbing associations aren’t convinced the IRA will do much — if anything — to reduce inflation or benefit small businesses or the American consumer.
The American Supply Association (ASA), Plumbing-Heating-Cooling-Contractors National Association (PHCC) along with more than 70 other organizations wasted no time addressing their concerns, forming a coalition to oppose the bill and work towards amendments.