Tag: Inflation Reduction Act

IN-DEPTH: Manchin Vows to Stop Biden’s ‘Radical Climate Agenda’

Sen. Joe Manchin (D-W.Va.) on Tuesday accused the Biden administration of ignoring domestic energy security provisions in the Inflation Reduction Act (IRA) and pledged to do everything in his power to push back against the administration’s “radical climate agenda.” “The Biden administration is breaking its word to the American public by ignoring the text of…


Treasury Department and IRS Issue Guidance for Bonus Tax Credit for Fossil Fuel Communities

The Biden administration issued final guidance on the bonus tax credit for American communities dependent on fossil fuels. The new rules, issued by the Department of the Treasury and the Internal Revenue Service on April 4, will allow “green” energy companies to secure additional tax credits when investing in local communities economically tied to oil and coal extraction….


US Not Ready to ‘Go Green,’ China Would Be Main Beneficiary: Expert

The United States is not ready to go for green policies, and the push for it will mainly benefit China, according to Kelly Sloan, senior fellow in energy and environment at Centennial Institute, the Colorado Christian University’s think tank. Sloan said that legislators’ push for green energies to try and encourage the market to go to…


The (Block) Chaining of America

Commentary We live in the Age of Deception. Calling something what it truly is, is a rarity these days. Big Lies, Bad Outcomes, and No Consequences For example, the Biden administration’s “Inflation Reduction Act” actually raised prices on fuel and utilities, hurting middle-income Americans the worst. The law did exactly the opposite of what the…


Biden Praises Partnership, Friendship Between US and Canada in Parliament Address

OTTAWA, Canada—Emphasizing the importance of the U.S.-Canada partnership, President Joe Biden addressed Canadian Parliament on March 24 after bilateral meetings with Canadian Prime Minister Justin Trudeau. The two leaders met in Ottawa days after Chinese President Xi Jinping and Russian President Vladimir Putin gathered in Moscow where they proclaimed their partnership would help shape a…


House GOP Seeks to Undo Biden’s ‘Rush to Green Energy’ in Sweeping Bill

ORLANDO, Fla.—House Republicans plan to put an omnibus “unleash America’s energy” bill that would open the throttle on domestic oil/gas production, build more pipelines, and improve refineries for expanded exports onto the chamber floor for adoption before the end of March. “Next week, there will be a great debate on the floor and we’ll send…


Biden Admin Anticipates Lower Vaccine Costs for Seniors

Biden administration officials are projecting that seniors on Medicare Part D will save hundreds of millions of dollars on vaccines because of the 2022 reconciliation bill, also known as the Inflation Reduction Act (IRA). Notably, the estimates don’t include COVID-19 vaccines, which fall under Medicare Part B. “The law makes many recommended vaccines free for…


Opposition Mounts Against Ford’s EV Battery Plant Using Chinese Tech

Politicians and local residents have voiced opposition to Ford’s new electric vehicle (EV) battery plant in Michigan over its links to China. Last month, Ford announced it was building a battery park in Marshall, a small township 100 miles west of Detroit, under a licensing agreement with Chinese firm Contemporary Amperex Technology Co. Ltd. (CATL),…


Watchdog Says Biden’s Energy Department Hands Out $56 Million in Unaudited Grants, Warns More Waste, Fraud Likely

More than $56 million in Department of Energy (DOE) grants to 60 for-profit recipients—including billions of dollars under President Joe Biden’s Inflation Reduction Act—are not being audited as required by federal law because DOE isn’t obtaining regular reports on how the money is being spent, according to a government watchdog. “We found that [DOE’s Office…


$200 Billion Approved for 23,000 Projects Under Infrastructure Law

Some $200 billion was approved by the Biden administration for 23,000 infrastructures in 4,500 jurisdictions around the country in 2022. The spending was authorized by the Infrastructure Investment and Jobs Act (IIJA), a $1.2 trillion spending program passed by Congress in 2021 to fund transportation and road projects, broadband access, clean water, and renewal of…