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US Economy
Brown Battles for Reduced Insulin Costs in Toledo
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U.S. Senator Sherrod Brown has been advocating for lower insulin prices for Ohioans, highlighting the $35 monthly cap on the cost of insulin facilitated by the Inflation Reduction Act. His continued efforts aim to extend this price cap to all Americans, not just those on Medicare. Brown also helped pass provisions to allow Medicare to…
Australia’s Inflation Reduction Act
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Australia's Labor Party, led by Prime Minister Anthony Albanese, is planning to introduce a green…
‘Inflation Reduction Act’ Spending May Hinder Lowering Inflation
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Larry Fink, the CEO of BlackRock, has stated it will be difficult to reach 2% inflation, primarily due to…
Ag Sec’y Vilsack Discusses Inflation Impact of ‘Inflation Reduction Act’
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The Inflation Reduction Act (IRA) will not cause inflationary pressure because it is paced and will not suddenly flood the economy with money, according to US Agriculture Secretary Tom Vilsack. Vilsack argued that the investments from the IRA would be released over a period of years and would have a measured impact on the economy. He…
‘Once-in-a-lifetime opportunity’
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Virginia community planners have proposed strategies to utilize $4.6 billion in Inflation Reduction Act…
Will the Inflation Reduction Act Affect Audit Likelihood?
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The Inflation Reduction Act aims to provide the IRS with nearly $80 billion over a decade, of which $45.6…
When Will the Inflation Reduction Act Impact Americans?
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The $430 billion U.S. Inflation Reduction Act, anticipated to pass the House of Representatives, aims to lower healthcare costs, promote clean energy, and increase corporate taxes. In the healthcare sector, the bill extends subsidies for Affordable Care Act premiums until 2024, caps annual drug costs for senior citizens who receive…
Inflation Reduction Act’s Failure to Lower Electricity Costs: A Visual Guide…
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The Inflation Reduction Act (IRA), enacted under Biden’s administration has increased inflation rather…
Insights from Vinson & Elkins’ Energy Transition & Inflation…
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Vinson & Elkins is hosting its First Annual Energy Transition and Inflation Reduction Act Conference,…
‘Inflation Reduction’ Rule Hikes Domestic Oil, Gas Production Costs
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The Biden Administration has finalized a rule as part of the "Inflation Reduction Act" that will significantly increase the cost of producing oil and gas in the US. The rule includes a raised royalty rate, causing an increase of $1.8 billion for oil and gas companies by 2023, and also imposes higher fees and royalties, dramatically raises…