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US Economy

Biden Admin’s Inflation Reduction Act Impacts Environmental Programs

TL/DR - The Biden Administration is attempting to cement key provisions of the Inflation Reduction Act (IRA), a legislation focusing on clean energy, climate, and domestic manufacturing before the November elections. Problems in implementing several IRA provisions have been criticized by industry, independent groups, and Republicans, including…

Watchdog: Biden Act Continues Lowering Seniors’ Costs Despite Opposition

TL/DR - The Biden administration plans to impose inflation penalties on 64 prescription medicines to reduce costs for seniors, saving Medicare Part B users up to $4,593 per day. This move aligns with a wider program granting Medicare the authority to negotiate prescription drug prices under the Inflation Reduction Act. However, the administration…

HHS Releases Initial Case Studies on Health Climate Investments

TL/DR - The HHS Office of Climate Change and Health Equity (OCCHE) has published two case studies demonstrating how nonprofit safety net healthcare providers Boston Medical Center and OhioHealth are using the Inflation Reduction Act (IRA) to reduce carbon emissions. Boston Medical Center has implemented a pilot program offering solar energy…

Inflation Reduction Act’s Effect on Transferable Tax Credits

TL/DR - The Inflation Reduction Act (IRA) has brought about major changes to the landscape of tax credits, introducing transferable tax credits at the federal level. The Act is opening doors for middle-market companies and smaller developers in the renewable energy sector, as discussed in an episode of “The Energy Conversation” hosted by Moss…