US Economy

TL/DR - Approximately two years after the Inflation Reduction Act, which included measures for clean energy tax credits, subsidies, and federal funding, was passed, most adults in the U.S. report insufficient knowledge about the law to evaluate its impacts. Some positive impacts are reported, especially among Democrats, and about a quarter of…

TL/DR - German Finance Minister, Christian Lindner, criticized the U.S. Inflation Reduction Act, stating that similar legislation in Germany would not necessarily lower inflation rates. Lindner questioned the effectiveness of the Act, as U.S. inflation rates have increased despite the implementation of this law since 2022. Lindner's comments came…

TL/DR - The leader of AIDS Delaware, Christopher Moore, has expressed concern over the barriers preventing patients from accessing lifesaving medications under the Biden Administration's Inflation Reduction Act (IRA). The IRA penalizes small molecule drugs (pills and tablets) by making them eligible for Medicare drug price negotiation seven years…

TL/DR - The IRS reports that an $80 billion funding increase through the Inflation Reduction Act has led to significant improvements in customer service and processing speed, with over 1 million more taxpayer calls answered and 170,000 more people helped in person. The agency has processed over 100 million individual tax returns and delivered…