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US Economy

Final Rule for IRA Tax Credits Announced by Treasury

TL/DR - The United States Department of the Treasury has finalized labor standards for the Inflation Reduction Act's tax credits. The regulations allow for a credit increase equal to five times the base incentive for taxpayers who provide prevailing wages and hire registered apprentices for clean energy projects. Since the Act was passed in 2022,…
US Economy

EPA Air Office Boosts Top Management Team

TL/DR - Jennifer Macedonia has been promoted to serve as deputy assistant administrator for implementation at the EPA's Office of Air and Radiation. In this role, she will manage billions of dollars in spending for the 2022 Inflation Reduction Act to improve air quality and reduce emissions. Her promotion is part of a series intended to manage…
US Economy

Impact of Inflation Reduction Act on Alabama’s Seniors

TL/DR - The Inflation Reduction Act (IRA) passed by President Joe Biden in 2022 has led to a 21% increase in Medicare Part D premiums for Alabama seniors, contrary to promises of lower costs. The law's price-setting provision, aimed at saving government money, has forced insurers to pass costs onto consumers through higher premiums and restricted…