US Economy

TL/DR - The IRS has released regulations under the Inflation Reduction Act of 2022 that enable entities in the clean energy sector to select tax credits as federal income tax payments. The regulations are expected to stimulate growth and innovation in the sector, and they provide a detailed framework for the elective payment of these tax credits,…

TL/DR - A Vanderbilt study emphasizes the significance of household actions in reducing carbon emissions, with data from 2021 showing households account for around a third of U.S. CO2 emissions. The researchers concluded that a small proportion of funds from the Infrastructure Investment and Jobs Act (IIJA) of 2021 and Inflation Reduction Act…

TL/DR - The Inflation Reduction Act (IRA) of 2022 has reformed health insurance subsidies under the Affordable Care Act (ACA) by extending the elimination of the subsidy cliff to 2025, making it easier for middle-income Americans to afford health insurance. The changes allow those earning 400% of the Federal Poverty Level (FPL) or more to…

TL/DR - President Biden's administration has won its third lawsuit against Big Pharma, which is trying to block Medicare from negotiating lower prescription drug prices for seniors. A district court in Delaware became the third to side with the Administration on the matter, fully deciding on the merits of the case. This comes after the passing of…