The United States and the European Union will negotiate a revised trade agreement that could allow European manufacturers to receive U.S. tax credits for producing critical minerals such as lithium and nickel for electric car batteries. Following a March 10 meeting at the White House between President Joe Biden and European Commission President Ursula von…
Biden May Give European Automakers US Tax Credit for Battery, Critical Mineral Production
March 11, 2023
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Business & MarketsChinaCompanieseconomic policieseconomyenergyEuropeExecutive BranchInflation Reduction Act of 2022Policies & ImpactsPoliticsSpecial TopicsTech CompetitionUrsula von der LeyenUSUS NewsUS President Joe BidenWorld
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Senate, House Republicans Challenge Biden Admin to Reveal Funding Plan for $3 Billion Drug Rx Price-Fixing Effort
February 24, 2023
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Centers for Medicare & Medicaid ServicescongressHouse Energy and Commerce Committeehouse ways and means committeeInflation Reduction Act of 2022Policies & ImpactsPoliticsPrescription Drug Pricespresident joe bidenRep. Cathy McMorris RodgersRep. Jason SmithSecretary Xavier BecerraSen. Mike CrapoUS
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Two GOP House committee chairmen and the top Senate Finance Committee Republican are challenging President Joe Biden to make public the spending plan for an obscure $3 billion prescription drug price-fixing fund established by the Inflation Reduction Act of 2022. “Unfortunately, the so-called Inflation Reduction Act enacted last year has doubled down on the recent…
Renewable Energy Capacity to Nearly Double Over 5 Years: Report
December 6, 2022
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Business & MarketsenergyInflation Reduction Act of 2022InternationalInternational Energy AgencySolar powerUS President Joe Bidenwind powerWorld
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The world’s renewable energy capacity will jump by almost 75 percent in the next five years, the International Energy Agency (IEA) said on Tuesday, as countries turn to solar and wind power to curb their reliance on fossil fuels. This rapid growth, representing nearly 2,400 gigawatts of added capacity from 2022 to 2027, significantly exceeds…
Republican Group Wants to Restore Protection of Critical Military Region
October 18, 2022
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congressGulf Test RangeInflation Reduction Act of 2022military trainingPolicies & ImpactsPoliticsRepublicansSen. Marco RubioU.S. Gulf of MexicoUSUS News
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A group of Republicans is seeking to reinstate protections for Florida’s Gulf Test Range in the Gulf of Mexico after they were removed as part of the Democrat-passed $749 billion Inflation Reduction Act. Congress passed the Gulf of Mexico Energy Security Act in 2006 that prohibited oil and gas development and exploration east of the…
Inflation Reduction Act May Heighten Inflation
August 23, 2022
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Biden InflationBusiness & MarketsBusiness Columnistseconomic policiesenergyinflationInflation Reduction ActInflation Reduction Act of 2022OpinionViewpoints
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Commentary The $369 billion plan of climate and energy spending in the Inflation Reduction Act is highly likely to heighten Inflation, at least in the medium term, which goes against the original intention of the Reduced Inflation Act. President Joe Biden signed the Inflation Reduction Act on Aug. 16, 2022, which contains a $369 billion…
‘Inflation Reduction Act’ a Win for Renewable Energy, Won’t Help Inflation
August 22, 2022
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Business & Marketscongresseconomic policieseconomyEnvironmentExecutive BranchinflationInflation Reduction Act of 2022Policies & ImpactsPoliticsRenewable EnergyScienceUSUS News
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In his prepared remarks, President Joe Biden called the 2022 Inflation Reduction Act (IRA) one of the most “significant laws in our history” and hyped it as a win for reducing inflation and tackling the “climate crisis.” Likewise, Senate Democrats claim the IRA will “help fight inflation” while simultaneously lowering the cost of energy for…
The Left’s Energy Policies Show They Either Hate Trump or America: New Mexico Congresswoman
August 19, 2022
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Business & Marketsclimate change agendaeconomic policieseconomyenergyInflation Reduction Act of 2022PoliticsRep. Yvette HerrellUSUS News
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Rep. Yvette Herrell (R-N. Mex.) said the Biden administration is doing everything to reverse the policies of the Trump administration, and trying to upend the country, including waging a war against America’s fossil fuel industry, whose technology allows it to provide cleaner and less-expensive energy than most other nations. “It feels as though we are…
Data Shows Number of Low-Income Audits Could Triple as IRS Grows
The IRS audited 197 low-income families for every high-wealth family in 2019, according to the Government Accountability Office (GAO)—a number that some experts expected to climb under an IRS turbocharged with more money and manpower. Over the next decade, the Democrat’s new “Inflation Reduction Act” will provide the IRS with 87,000 new agents and $80…
EV Credits Ended for About 70 Percent of Previously Eligible Models
August 17, 2022
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Business & MarketsCompaniesElectric vehicle tax creditsFordGeneral Motors CoinflationInflation Reduction Act of 2022Marketssupply chain issuesUSUS News
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More than two-thirds of electric vehicles (EVs) on sale in the United States may no longer be eligible for tax credits after President Joe Biden signed into law the Inflation Reduction Act. According to the Alliance for Automotive Innovation, there currently are 72 EV models available for purchase in the country. Before the Inflation Reduction…
Where’s Your Congressman?
Commentary Nearly everyone is familiar with the popular kid’s book “Where’s Waldo.” Each page is filled with faces plastered everywhere and you try to find the hidden picture of Waldo. Now let’s play, find the congressman or woman. I’m referring to the big vote recently to spend and tax $750 billion on top of the…
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