Monthly Archives

June 2024

Trump’s Hill visit challenges climate law

TL/DR - Republicans are considering cutting sections of the Inflation Reduction Act, the Democrats' 2022 climate law, as they plan to extend the 2017 Republican tax cuts. This includes parts the former President Donald Trump has expressed interest in repealing, such as provisions for offshore wind and electric vehicles. However, the proposed…

The Economist’s Recent US Politics News: Trump Heads to Washington

TL/DR - Donald Trump is set to make his first public visit to Capitol Hill since the events of January 6th 2021, with plans to meet with congressional Republicans. The discussions will revolve around the forthcoming November election and potential policy ideas for 2025, presuming a Trump victory. Following his conviction for falsifying business…

U.S. EV Buyers Gain $1B+ in Tax Breaks

TL/DR - Americans have received over $1 billion in credits and subsidies for buying electric vehicles (EVs) since the Inflation Reduction Act was implemented in January. The Treasury Department released data demonstrating significant savings for EV owners, including $1,750 annually on gas and maintenance, and $18,000 to $24,000 saved over a…

Newsom Backs Potent Insurance Reform Plan

TL/DR - Last year, California Governor Newsom called for swift regulatory action to strengthen the state's insurance market, including a better rate approval process and stronger FAIR Plan. Recently, his administration released a proposal to increase the transparency and speed of rate change application approvals, while maintaining consumer…