Inflation Reduction Act

TL/DR - The IRS has collected $1 billion from millionaires who owe back taxes, targeting approximately 1,600 individuals with incomes over $1 million a year and tax debts exceeding $250,000 each. This was achieved through efforts made possible by the Inflation Reduction Act, which increased the IRS budget by roughly $80 billion over 10 years and…

TL/DR - In the first presidential debate, Joe Biden and Donald Trump clashed over their respective economic policies, with a particular focus on inflation reduction. Each candidate presented their plan and strategies to handle the U.S economy amidst the ongoing pandemic. The critical issues in their economic policies revolve around taxation, job…

TL/DR - The race to the White House between President Joe Biden and former President Donald Trump is underway with the first debate. Both candidates are expected to underline their economic policies as strong points. Biden's Inflation Reduction Act, one of his key pieces of legislation, is set to deliver an economic boost through billions of…

TL/DR - US Energy Secretary Jennifer Granholm emphasized the need for a national industrial strategy during a visit to Northern Nevada. She spoke about the Biden Administration's strategy to subsidize and incentivize new US manufacturing, which would stimulate economic activity and secure domestic supply lines. The strategy is centered on clean…