US Economy

TL/DR - Chinese solar manufacturers are building factories in the U.S. to take advantage of subsidies provided by the Inflation Reduction Act (IRA), President Biden's climate law. Roughly 25% of the 80 gigawatts of new solar manufacturing capacity announced in the U.S. since the IRA's enactment comes from China-based companies; they could earn a…

TL/DR - Congressman Morgan Griffith criticizes the Biden administration's decisions to fund undeveloped energy technologies and restrict the natural gas industry. He references the Environmental Protection Agency's new Greenhouse Gas Reduction Fund, which has $27 billion for Green New Deal projects, to be awarded by September 30th, and urges the…

TL/DR - U.S. Secretary of Energy Jennifer Granholm plans to visit Nevada from January 30 to 31, 2024, to tour the Allegiant Stadium, which is powered by 100% renewable energy, and discuss solar power development with the Moapa Band of Paiutes. The Inflation Reduction Act is expected to bring $2.7 billion in investment to Nevada by 2030 for…

TL/DR - The article provides detailed information on the tax amounts for 2024. The main changes include inflation-adjusted wider income tax brackets, increased income thresholds for long-term capital gains and qualified dividends, a rise in AMT exemptions, and record-high HSA contribution limits. The article also mentions increased limits for…