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US Economy

West Virginia Transforms Coal-Based Schools to Solar Power

TL/DR - The entire school system in Wayne County, West Virginia, is transitioning to solar power, marking the largest-ever single demonstration of solar electricity in Appalachian public schools. The project is facilitated by the Inflation Reduction Act, co-authored by U.S. Senator Joe Manchin, which provides incentives for green energy projects…

IRS commissioner anticipates increased enforcement hiring soon

TL/DR - The US Internal Revenue Service (IRS) is using its nearly $60bn Inflation Reduction Act funds to rebuild its workforce and modernize IT systems. The agency aims to hire around 20,000 employees by the end of 2024 and is focusing on increasing its enforcement ranks. The IRS also expects to improve its capacity by introducing long-overdue…

San Diego gets $10M grant for tree planting

TL/DR - San Diego is set to benefit from a $10 million federal grant as part of the Inflation Reduction Act, aimed at increasing the city's urban forest. The grant will fund the planting of thousands of trees in historically underserved communities, providing benefits such as carbon sequestration, stormwater runoff management, air cleaning, and…

Pro/Con: Do Prevailing Wage Mandates Boost Economy? – Duluth News Tribune

TL/DR - The Biden administration's economic vision includes the Inflation Reduction Act, Bipartisan Infrastructure Law, and CHIPS and Science Act, which aim to grow the economy from the middle out and bottom up. These laws focus on public investment in infrastructure, domestic competitiveness, and protections for workers, with many funds…