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US Economy

IRS to Compete with Tax Preparation Service Companies

TL/DR - The Internal Revenue Service (IRS) will launch a free tax-filing service called Direct File in 13 states in 2024 for eligible taxpayers with simple returns. The service, which will be available in English and Spanish, has been criticized as unnecessary and costly to taxpayers, with some arguing that existing free services from private…

Big Price Cuts Unlikely in Corporate America – NBC Chicago

TL/DR - The Federal Reserve hinted at potentially cutting interest rates three times in 2024, benefiting not just the stock market but also mortgages, auto loans, and all forms of consumer debt. However, despite the cut in interest rates, corporations are unlikely to reduce their prices quickly, as they are experiencing significant pricing power.…

Dec 2023: Dan Teran Announces Investment in Tetra at Dubai Summit

TL/DR - The 2022 Inflation Reduction Act (IRA) in the United States contains financial incentives to hasten the shift towards a low carbon economy. One such initiative detailed in the article is the introduction of heat pumps, a technology invented in 1856, for heating, ventilation and air conditioning (HVAC) in homes. The author presents Tetra,…

No $6,400 subsidies in Inflation Reduction Act

TL/DR - A claim that the Inflation Reduction Act has been updated to provide Americans making less than $50,000 yearly up to $6,400 monthly in subsidies is false. The Inflation Reduction Act, signed into law in 2022, has not been updated to provide such monthly subsidies at any income level. The act includes a variety of provisions such as…