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US Economy

U.S. EV Buyers Gain $1B+ in Tax Breaks

TL/DR - Americans have received over $1 billion in credits and subsidies for buying electric vehicles (EVs) since the Inflation Reduction Act was implemented in January. The Treasury Department released data demonstrating significant savings for EV owners, including $1,750 annually on gas and maintenance, and $18,000 to $24,000 saved over a…

Trump’s ‘Yuge’ Winning Guide – The Oakland Post

TL/DR - Former President Donald Trump is performing well in the polls, despite his ongoing legal battles. Key factors that could boost his chances include the country's dissatisfaction with the current inflation rates and the impact of President Biden's "Inflation Reduction Act." The article also suggests that Trump should focus his campaigning…

Year One Update: EU Foreign Subsidy Regulations

TL/DR - The European Commission's (EC) Foreign Subsidies Regulation (FSR), a year after its introduction, allows the EC to investigate non-EU government financial contributions to EU-active companies and impose measures to correct distortion effects. The FSR regulation affects investment funds, such as those from the Middle East, highlighting a…

Online Calculator Estimates Energy Savings under Inflation Reduction Act

TL/DR - New Tool Helps Michigan Residents Save on Clean Energy Upgrades Monday saw the introduction of a new Michigan-centric calculator by Washington-based nonprofit Rewiring America. This tool enables homeowners and renters to determine potential savings via clean energy incentives and tax credits facilitated by programs like the Inflation…