Category: Inflation Reduction Act

US to Auction Almost 1 Million Acres Off Alaskan Coast for Oil Drilling

November 29, 2022
Alaskabiden administrationBusiness & Marketsdrillingeconomic policieseconomyenergyExecutive BranchInflation Reduction ActInvestmentLocal NewsMarketsoil leasePolicies & ImpactsPoliticsRegional-Local NewsUS
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Almost one million acres off the coast of Alaska will be auctioned off by the Biden administration next month for oil and gas drilling. This is to comply with a mandate in the Inflation Reduction Act (IRA) that was part of a compromise imposed by Sen. Joe Manchin (D-W.V.) on the White House to gain…

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Biden Announces Intent to Nominate Former Obama-Era Official to Head IRS

November 11, 2022
bidenBusiness & Marketseconomic policieseconomyExecutive BranchInflation Reduction ActIRS - U.S. Internal Revenue ServicePoliticsUSUS News
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President Joe Biden on Nov. 10 announced his intent to nominate former acting Internal Revenue Service (IRS) Commissioner under the Obama administration, Danny Werfel, to be its new head. Biden announced Werfel’s appointment in a statement from the White House which said that Werfel is a “public and private sector leader who has served under both Democratic…

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Ottawa Moves to Counter Effects of US Inflation Reduction Act on Its Green Initiatives

November 9, 2022
Business & Marketsbusiness investmentCanadaeconomic policiesenergyFall Economic StatementinflationInflation Reduction ActWorld
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News Analysis The United States has thrown down the gauntlet with its Inflation Reduction Act (IRA), putting Ottawa under pressure to respond and avert further flow of business investment south of the border, particularly that impacting its green initiatives. But the feds are hampered by their ideology, an economist says, noting that more government-directed investment…

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Japan, South Korea Urge US to Ease EV Tax Credit Rules for Foreign Automakers

November 6, 2022
Asia & PacificBusiness & MarketsCompanieseconomic policieseconomyExecutive BranchInflation Reduction ActJapanPoliticsSouth KoreaThe United StatesUSUS NewsWorld
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Japan and South Korea have called on the United States to ease restrictions on electric vehicles (EVs) tax credits, citing the adverse impact of the Inflation Reduction Act (IRA) on foreign automakers. The IRA was signed into law by the Biden administration on Aug. 16. Japan said that certain provisions of the IRA would deter Japanese…

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Inflation Reduction Act Won’t Help Much Until Next Year, Now It’s About Showing Voters ‘We’re Listening’: White House

October 27, 2022
Business & Marketseconomic policieseconomyExecutive BranchinflationInflation Reduction ActPoliticsrecessionUSUS News
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The White House acknowledged that many of the provisions of the Inflation Reduction Act won’t kick in until next year and said that, at this stage, it’s more about sending a signal to voters that the Biden administration is attuned to their concerns by “listening.” White House Press Secretary Karine Jean-Pierre made the remarks in…

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Joe Biden’s Energy Crisis

October 4, 2022
climate changedecarbonizationenergy crisisESGfossil fuelsInflation Reduction ActOpinionViewpoints
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Commentary The West is experiencing its third energy crisis. The first, in 1973, was caused by the near-quintupling of the price of crude oil by Gulf oil producers in response to America’s support for Israel in the Yom Kippur war. Their action brought an end to what the French call the trente glorieuses—the unprecedented post–World…

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How the Inflation Reduction Act Can Help Your Small Business

October 1, 2022
Affordable Care ActBrightbudgetingBusiness & MarketsEarning Moneyeconomic policiesFuture PlanningInflation Reduction Actpersonal financesmall businesstax creditUSUS News
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On Aug. 16, 2022, President Joe Biden signed the Inflation Reduction Act of 2022 (IRA). The bill was equally divided in votes for and against it, and was passed by a tie-breaking vote from Vice President Kamala Harris. Now it is law. Several things are in it that could affect your small business. An Ongoing…

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China Is Laughing at Us

September 30, 2022
António GuterresChinaclimate changeclimate extremismenergy crisisfossil fuelsInflation Reduction ActOpinionThinking About ChinaViewpointsXie Zhenhua
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Commentary Europe is rapidly de-industrializing. German factories are going dark. French and Dutch farmers can’t afford to heat greenhouses. Millions of Brits are facing energy poverty. And Americans are still struggling to put food on the table or pay their energy bills. These disasters largely all stem from Western leaders’ devotion to the cult of climate extremism, and the calamitous decisions to replace fossil…

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John Podesta: Biden’s New Green Investment Czar

September 29, 2022
climate changegreen investmentInflation Reduction ActJohn PodestaOpinionViewpoints
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Originally published by Gatestone Institute Commentary In the Biden administration’s uncanny ability to put the wrong people in the wrong jobs, naming John Podesta to be the new “climate czar” might be its masterstroke. The White House announced recently that John Podesta will oversee $370 billion in clean energy investments included in the Inflation Reduction Act. This…

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Phaseout of Oil Cars Show Contempt for Rural America—and for the Developing World

September 27, 2022
climate changeElectric VehiclesenergyEVsfossil fuelsInflation Reduction Actnet zeroOpinionrecessionViewpoints
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Commentary America’s big auto companies, less than 15 years since they were bailed out of bankruptcy following the Clinton-Bush recession of 2008, are betraying the American people out of their greed for government cash and favor. Their “net zero” plans—in conjunction with the globalist dictators and the Biden administration—include eliminating huge numbers of jobs and devastating major…

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