Inflation Reduction Act Is Not 'On The Ballot,' KKR Says -- Market Talk

Dow Jones06-14

1447 ET - KKR expects the Inflation Reduction Act to largely remain in effect no matter the outcome of this year's U.S. presidential election, "as many districts on both sides of the aisle are benefitting from projects enabled by the legislation," Raj Agrawal, the asset manager's global head of infrastructure, says in a report. "We think it is unlikely that the IRA will be fully repealed." He adds, however, that "certain programs within the IRA, along with specific regulations, could be vulnerable." For example, "discretionary spending programs depend on who occupies the White House, and Congress could consider targeted IRA tax code revisions," Agrawal says. (luis.garcia@wsj.com; @lhvgarcia)

(END) Dow Jones Newswires

June 13, 2024 14:47 ET (18:47 GMT)

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