#inflation-reduction-act

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Inflation Reduction Act
HuffPost
5 months ago
Left-wing politics

Joe Biden Burns Lauren Boebert With A Blunt 2-Word Reminder

President Biden used footage of Rep. Lauren Boebert criticizing the Inflation Reduction Act against her during an interview in her own district.
Biden highlighted the economic benefits of the Inflation Reduction Act and challenged Boebert to tell the workers in a wind turbine factory that the act was a 'massive failure.' [ more ]
The Verge
5 months ago
Cars

Tesla warns that the Model 3 is about to lose half of its tax credit in the US

The federal tax credit for Tesla's Model 3 will be cut in half to $3,750 by January 1st, 2024.
Tesla may be unable to meet sourcing requirements under the Inflation Reduction Act, affecting tax credits for other models in the future. [ more ]
The Washington Times
5 months ago
Left-wing politics

Biden targets GOP Rep. Boebert in her district in a fresh political attack on Republicans

President Biden will visit Rep. Lauren Boebert's congressional district in an effort to highlight Republican opposition to his agenda.
Biden plans to tour CS Wind, a wind tower manufacturing facility undergoing a $200 million expansion.
Boebert has criticized Biden's policies and called for the repeal of the Inflation Reduction Act. [ more ]
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Alleywatch
1 month ago
NYC startup

Montauk Climate Raises $8.5M to Incubate the Climate Tech Companies That Will Define a Sustainable Future

The Inflation Reduction Act will channel $500B into climate technologies.
Montauk Climate focuses on fostering category-defining companies in climate tech, energy transition, infrastructure, and sustainability. [ more ]
www.fastcompany.com
3 months ago
Health

The battle over prescription drug prices is heating up

The Inflation Reduction Act (IRA) shifts power from American drug companies to the government through Medicare price negotiations.
The IRA's drug price negotiations will be implemented in phases, with 10 drugs covered under Medicare Part D targeted for the first round of negotiations. [ more ]
www.nytimes.com
3 months ago
US politics

Why the Cost of Biden's Climate Law Keeps Going Up

The estimated price tag for President Biden's clean-energy and climate agenda has effectively doubled since the Inflation Reduction Act was signed into law.
The rise in price tag is due to forecasters' belief that the law will be more popular than originally expected. [ more ]
Truthout
3 months ago
Left-wing politics

IRS Estimates $561B Tax Revenue Rise With Crackdown on Corporations and the Rich

The IRS could collect up to $561 billion in additional tax revenue between 2024 and 2034, thanks to increased funding and new initiatives enabled by the 2022 Inflation Reduction Act.
If lawmakers renew and expand the IRA funding, the IRS could collect an additional $851 billion in tax revenue over the next decade.
The increase in funding for the IRS is directly attributed to the $80 billion passed by Democrats, which Republicans opposed. [ more ]
www.nytimes.com
3 months ago
Public health

If You're on Medicare, You Could Save Money on Drugs This Year

Prescription drug costs are falling for more than a million seniors due to the Inflation Reduction Act signed by President Biden.
The changes include a $35 monthly cap on insulin costs, an out-of-pocket cap of $3,300, and the ability for Medicare to negotiate drug prices. [ more ]
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