BEHRENS: Inflation Act Supporters Must Also Bear Costs

TL/DR - The article discusses the Inflation Reduction Act (IRA) signed by President Joe Biden two years ago. It suggests that despite promises that the act would lower costs for American families, inflation has continued to rise, with the cost of electricity, gasoline, and food all increasing significantly. The author argues that the IRA has…

IRS Updates Guidance for Inflation Reduction Act

TL/DR - The IRS issued Notice 2024-41 on May 16, 2024, modifying its guidance on the application of rules that taxpayers must follow to qualify for domestic content bonus tax credit amounts under the Inflation Reduction Act. The new notice introduces a New Elective Safe Harbor, providing an objective calculation method for the domestic cost…

ASU Tempe Shifts to Remote Learning Amid Campus Flooding

TL/DR - A flood at Arizona State University's Tempe campus forced the institution to switch to remote classes. The flooding occurred in the campus's Central Plant facility, which houses essential pumps distributing cool water needed for the air conditioning systems across campus. The university is working on repairing the issue and classes will…