Inflation Reduction Act

TL/DR - The Internal Revenue Service (IRS) plans to increase audit rates for large corporations, partnerships, and multimillionaires over the next three years to enhance collections. The IRS targets a triple increase in audit rates for corporations with assets over $250 million and a nearly 10-fold increase for partnerships with assets over $10…

TL/DR - Over the past month, the Biden administration has spent $37 billion of the $110 billion in grant funds from the Inflation Reduction Act (IRA) on climate-related projects. The funds have been used to support efforts such as replacing natural gas boilers in ice cream factories with climate-friendly ones, assisting a manufacturing plant that…

TL/DR - The article discusses the impact of price changes on the sales of electric vehicles (EVs) in the U.S. It mentions that when the prices of items like cars are lowered, their sales improve. However, due to changes in tax credits and other factors, the cost of EVs has increased, resulting in a decline in their sales. Impact of Price…

TL/DR - Funds from the Inflation Reduction Act will support renewable energy and fertilizer production projects for farmers and ranchers in the US, according to Secretary of Agriculture Tom Vilsack. The $124 million investment from federal legislation will partly fund the Rural Energy for America Program to help farmers and small businesses…