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US Economy

Local Chiefs Discuss Pros, Cons of Fed’s Inflation Cut Act

TL/DR - The Inflation Reduction Act, passed in 2022, aims to invest billions of dollars in the clean economy, covering areas such as electrified heavy industry, tree planting and foresting. In Philadelphia, where buildings and their electricity grid contribute over 70% of carbon emissions, the real estate community is highlighted for its…

Kaine Attends Roundtable Discussion at JABA

TL/DR - Kaine is advocating for reduction in the financial burden of healthcare and prescription drugs and has updated the board on advances in prescription affordability since the Inflation Reduction Act was signed into law in 2022. Kaine noted the rise in predatory marketing practices in the insurance sector, with certain companies pushing…

Save on PA Home Improvements with Inflation Reduction Act

TL/DR - The Inflation Reduction Act provides tax breaks and rebates to Pennsylvanians for energy-efficient improvements. The act, signed into law by President Joe Biden in 2022, benefits households and small businesses that choose to go green. To estimate personal savings potential, Pennsylvanians can use the Rewiring America Calculator.…

Biden’s Act Boosts PA Yogurt Business; GOP May Cut Funding

TL/DR - Hayley and Stephanie Painter, co-founders of Painterland Sisters, have used provisions from the Inflation Reduction Act in the Farm Bill to expand their dairy farm and Icelandic yogurt business. However, US House Republicans have removed $20 billion for climate-smart initiatives from the US Department of Agriculture (USDA) in the Farm…