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US Economy

China’s Auto Industry Rejects US Inflation Reduction Act Measures

TL/DR - The article discusses the Chinese automobile industry's opposition to the measures under the US Inflation Reduction Act. The industry believes that the Act will have a huge impact on global supply chains and international trade. It argues that the United States should adhere to the principles of the market economy and global trade rules…

Mintz IRA: Costs & Consequences of Redesigning Part D Program

TL/DR - The Inflation Reduction Act of 2022 (IRA) aimed to cut back government spending on Medicare and reduce prescription drug costs for program beneficiaries. The IRA has led to significant changes in the Medicare Part D program, which will be implemented from January 1, 2025. These changes include the elimination of the coverage gap, changes…

Inflation Reduction Act Worsens Renewable Inflation – RealClearMarkets

TL/DR - The article discusses the impact of the Inflation Reduction Act on renewable inflation, suggesting it has exacerbated the issue. The specifics of how the act has worsened renewable inflation are not detailed. The piece is critical of the legislation, implying it has had a negative effect. The Inflation Reduction Act Exacerbates…