Inflation Reduction Act

TL/DR - The U.S. Chamber of Commerce and the American Petroleum Institute, both influential business lobby groups, are ready to support some parts of President Biden's climate law, specifically the Inflation Reduction Act, if Republicans regain the presidency. They now back the provisions of the act that offer tax breaks for clean energy…

TL/DR - A new poll from health policy research group KFF found that while President Biden's messaging for the Inflation Reduction Act is resonating with some voters, most people are still unaware of its key provisions. Awareness was highest among voters aged 65 and older, with 52% of this group aware of the IRA’s $35 cap on insulin for Medicare…

TL/DR - Republicans have proposed a bill, named the "ELITE" Vehicles Act, which seeks to eliminate the electric vehicle (EV) tax credit, potentially hindering US EV manufacturing and shifting leadership to China. The bill was introduced as part of the Inflation Reduction Act, and critics argue it could undermine the US auto industry, worsen local…

TL/DR - Rep. Mike Kelly, a critic of Biden's Inflation Reduction Act, received a grant from the law to install solar panels at his car dealership. The dealership was given nearly $315,000 to install a solar panel array, saving the firm an estimated $23,700 per year in energy costs. The grant was distributed through the USDA's Rural Energy for…