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US Economy

Top 5 Inflation Reduction Act Facts for Contractors

TL/DR - The Inflation Reduction Act (IRA) is a new law that significantly impacts businesses with government contracts, aiming to manage economic challenges caused by rising inflation through a five-fold approach including taxpayer services improvement and workforce diversification. This law changes how contractors decide on pricing and budgets,…

Biden’s White House Prioritizes Tax and Climate Law Regulations

TL/DR - The Biden administration has highlighted the execution of Democrats' 2022 tax-and-climate law as its primary tax regulatory priority for the upcoming year. This is reflected in numerous new regulatory projects released by the IRS, many of which focus on the energy provisions of the Inflation Reduction Act and US cryptocurrency brokers'…

Johnson’s Stance on Climate Change Misaligned

TL/DR - House Speaker Mike Johnson's stance on climate change contrasts with most of his Louisiana constituents and many fellow Republicans. Despite Louisiana experiencing real-time climate change impacts, and 81 of Johnson's Republican colleagues forming the Conservative Climate Caucus, Johnson voted against pro-environment legislation in 2022…

Unpopular President Receives Advice from Democratic Governors

TL/DR - Democratic governors suggest President Joe Biden should increase his public visibility at ground-breaking events and ribbon-cutting ceremonies to improve his public standing before the upcoming elections. The approach has reportedly helped these governors win their own contested re-elections. Despite the Democratic Governors Association…