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US Economy
Court Rejects AstraZeneca’s Challenge to Inflation Reduction Act
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A US federal court in Delaware ruled against AstraZeneca's challenge to the Medicare drug price negotiation provisions of the Inflation Reduction Act. The court determined that the pharmaceutical company had no legitimate claim of entitlement to sell its drugs to the Government at a price other than what the Government is willing to pay.…
Expert Insights on Political Shifts
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At a recent forum, Sen. Sheldon Whitehouse and Sarah Hunt, president of the Joseph Rainey Center for…
Biden Receives Climate, Health, Tax Reform Proposals
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The US House of Representatives passed the Inflation Reduction Act, a significant piece of legislation…
Most red states set to soon adopt climate plans
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Almost every US state will soon have a climate plan due to a program under President Joe Biden's climate law. The Climate Pollution Reduction Grant program provided $3 million to states to create a climate plan, with only five governors declining the offer. States must submit their plans to EPA by the end of this week and can then apply…
Pros and Cons of the Inflation Reduction Act
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The Inflation Reduction Act (IRA) is the US' most significant investment in combatting climate change so…
Biden’s Act Funds Travis Kelce’s Hollywood Debut via Tax Credits
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Kansas City Chiefs tight end Travis Kelce has ventured into film production, with his film "My Dead…
Your Subsidy for Travis Kelce’s Hollywood Debut Explained
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Travis Kelce, a Kansas City Chiefs tight end, is benefiting from a provision in the Inflation Reduction Act that allows the transfer of tax credits. This provision allows those with substantial investments in green energy projects, which are eligible for generous tax credits under the act, to sell these credits to other entities that…
40% of Emission Reductions Due to Voluntary Home Actions
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In 2021, households accounted for about one third of U.S. CO2 emissions. A study from Vanderbilt…
ICF maintains stable outlook for infrastructure, inflation act spend
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Investors are showing interest in the future funding environment for infrastructure modernization…
Could Australia Create an Inflation Reduction Act?
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Australia's mining and downstream processing industries are advocating for increased subsidies and governmental support. The suggestion of an Individual Retirement Account (IRA)-style tax credit is proposed as a potential solution. The document does not provide further information on the function or feasibility of this proposed tax…