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US Economy
IRS watchdog: Contractors with failed checks kept system access
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An IRS inspector general report disclosed that 19 contractors retained access to sensitive systems despite unfavorable background check results. The report also flagged insufficiencies in IRS's security measures and stated that the IRS did not ensure all sensitive systems provided complete audit logs for monitoring unauthorized access.…
Will I have to repay excess premium subsidy if my income changes?
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If your income increases during the year and you've received advance payments of the premium tax credit…
30C EV Charging Tax Credit in Inflation Reduction Act – OANN
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The article discusses the use of technologies like cookies to store and access device information for…
Biden’s Inflation Reduction Act Faces Viability Doubts Amid Rising Costs
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In 2022, President Biden's administration passed the Inflation Reduction Act (I.R.A.), projected to cost over $800 billion through 2033, with the aim to address climate change and healthcare costs. The I.R.A. has shown economic benefits, like spurring $282 billion in investments and creating around 175,000 jobs in the first year. However,…
Evaluating Biden’s Major Climate Legislation
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The Inflation Reduction Act (I.R.A.) is projected to cost more than $800 billion through 2033, according…
Dems strategize climate messaging at policy retreat
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Democrats are finding it challenging to showcase their political victories from the Inflation Reduction…
Unleashing IRS Potential: Decoding the Impact of the Inflation Reduction Act | CEA
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The gross tax gap, or the difference between taxes owed and paid, reached $688 billion in 2021, with a net tax gap of $625 billion after IRS enforcement efforts. President Biden's Inflation Reduction Act provided $80 billion in additional funding for the IRS, mainly aimed at enforcing tax compliance by wealthy tax evaders and reducing the…
Analysis Spotlights Returns from Inflation Reduction Act
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The U.S. Department of the Treasury and Internal Revenue Service (IRS) released a new analysis suggesting…
Reason for Rising Costs of Biden’s Climate Law
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The estimated cost of President Biden’s clean-energy and climate agenda has doubled, mainly due to the…
North America’s largest $1b EV nickel plant underway
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Canada Nickel Co. plans to invest $1 billion in building North America’s largest nickel processing plant in Ontario, with the capacity to produce over 80,000 tons of nickel annually for EV batteries. The company plans to commence operations in 2027 and also aims to construct a stainless steel and alloy production plant to process nickel…