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US Economy
‘Republicans Promote ‘Refrigerator Freedom Act’ Targeting Home Appliances’
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The provided content primarily details the subscription services offered by Newsweek. Subscribers can have the Newsweek magazine delivered to their door, access diverse audio opinions, enjoy ad-free browsing on Newsweek.com, comment on articles, and receive updates on the Newsweek application. The content also includes web development…
Reasons House Republicans Supported Climate Law
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During the Republican-controlled House's "energy week", over 100 GOP lawmakers voted against an amendment…
Tax Credits in Inflation Reduction Act for Solar, Wind Projects
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President Biden signed the Inflation Reduction Act (IRA) on August 16, 2022, establishing provisions to…
Australia Challenges Inflation Reduction Act
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The Australian Federal Government has introduced the Future Made in Australia Act to compete with the US Government’s $520bn Inflation Reduction Act. The Prime Minister acknowledged that the local clean energy and manufacturing capabilities need to be developed as part of the act. The Inflation Reduction Act includes a $30bn advanced…
IRS may restrict extra funds for ‘modernization’ plans
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The IRS received billions from the Inflation Reduction Act for modernizing its information technology.…
Georgia Farmer’s Dream Realized Through Funding
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In 2017, Zach Hightower bought Shoal Creek Farms, a cattle and poultry operation in Madison County,…
Australia’s Made in Australia Act – Friends of the Earth
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The Australian federal government is planning to introduce the "Future Made in Australia Act," focusing on clean, renewable energy production and decarbonizing the economy. The Act is influenced by the US Inflation Reduction Act and aims to encourage new investments in clean energy and establish a sovereign industrial base. The…
Australia to Implement IRA-Like Act for Green Manufacturing Shift
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Australian Prime Minister Anthony Albanese is planning a program to stimulate green manufacturing…
U.S. ‘Green Bank’ Continues Great American Tradition
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The article discusses the U.S.'s new green bank initiative, stating that it is in line with a long…
IRS Suggests Rules for Stock Buyback Excise Tax
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The US Treasury Department and the IRS have issued proposed rules providing guidance on the Inflation Reduction Act’s 1% excise tax on corporate stock repurchases or buybacks. The Inflation Reduction Act of 2022 imposes this tax on stock repurchases by publicly traded domestic corporations and their specified affiliates. The proposed…