Inflation Reduction Act

TL/DR - The US Forest Service has provided $5m in financial aid to the Montana wood products industry as part of the Bipartisan Infrastructure Law and Inflation Reduction Act. Eight companies, including sawmills, wood product manufacturers, and logging operations, received grant money for innovation and infrastructure assistance, which is aimed…

TL/DR - A recent Politico-Morning Consult poll found that many voters are unfamiliar with President Biden's major domestic spending initiatives, including the American Rescue Plan, the bipartisan infrastructure law, the CHIPS and Science Act, and the Inflation Reduction Act. The poll found that 34% of voters knew nothing at all about the American…

TL/DR - The Internal Revenue Service (IRS) plans to increase audit rates for large corporations, partnerships, and multimillionaires over the next three years to enhance collections. The IRS targets a triple increase in audit rates for corporations with assets over $250 million and a nearly 10-fold increase for partnerships with assets over $10…

TL/DR - Over the past month, the Biden administration has spent $37 billion of the $110 billion in grant funds from the Inflation Reduction Act (IRA) on climate-related projects. The funds have been used to support efforts such as replacing natural gas boilers in ice cream factories with climate-friendly ones, assisting a manufacturing plant that…