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US Economy

Institutional Strategies for Cost Saving and Climate Control

TL/DR - Colleges and universities have the opportunity to boost sustainability and save costs due to new clean energy tax credits included in the 2022 Inflation Reduction Act. The American Council on Education (ACE) hosted a webinar to discuss how these institutions can utilize these credits to further their sustainability efforts. This…

Inflation Reduction Act Defect Harms My Son

TL/DR - The author criticizes the Inflation Reduction Act (IRA) for undermining the development of new therapies for psychiatric conditions such as schizophrenia by treating small and large molecule drugs unequally. The IRA protects new large molecule drugs for 13 years, but small molecule drugs, used in nearly all psychiatric medicines, for only…

Trump Presidency May Challenge Biden’s Key Climate Victory

TL/DR - The Inflation Reduction Act (IRA), passed in 2022 by Democrats, has helped combat climate change through tax credits for carbon-friendly energy sources, electric vehicles, and grants for pollution-cutting projects. Republicans have criticized the Act, with former President Trump stating a potential return to power would include repealing…

Biden may veto repeal of Climate Program in Inflation Act

TL/DR - President Biden has pledged to veto a bill that aims to repeal spending authorized by the Inflation Reduction Act. The bill in question, the Cutting Green Corruption and Taxes Act, was introduced by Rep. Gary Palmer and five co-sponsors, and seeks to repeal a $27 billion program for reducing emissions in low-income communities. Despite…