US Economy

TL/DR - The Inflation Reduction Act of 2022 saw a provision for an $80 billion funding increase for the Internal Revenue Service (IRS), aimed at upgrading the agency's systems and improving tax collection, particularly from wealthy individuals. The enforcement efforts resulted in over $1 billion in revenue from 1,600 delinquent taxpayers who…

TL/DR - The US Inflation Reduction Act will enable Chile to access benefits from its lithium reserves. This legislation aims to reduce US inflation by encouraging domestic production and sourcing of lithium, a key ingredient in electric vehicle (EV) batteries. Chile is the second-largest lithium producer globally and could significantly…

TL/DR - A Connecticut federal court Judge has endorsed the Inflation Reduction Act's process for negotiating Medicare drug prices, dismissing allegations of constitutional infringements. Large pharmaceutical companies have put forth similar arguments in other areas. However, these contentions have also been dismissed in jurisdictions such as New…

TL/DR - The "Solarize the Triad" program, a private-public coalition, is looking to expand solar energy usage in their region. The program's aim is to promote solar energy through community outreach and group purchasing of solar services and equipment. The program will aid community groups in generating their own power through solar installations…