Browsing Tag

Inflation Reduction Act

Drug Firms Resist Biden’s Push for Lower Prices

TL/DR - Several corporate giants including Amazon, SpaceX, and Trader Joe’s are challenging the constitutionality of the National Labor Relations Act (NLRA), which has allowed workers to bargain collectively for nearly 90 years. In addition, pharmaceutical companies like Bristol Myers Squibb, Novartis, and Novo Nordisk are opposing the Biden…

ICF maintains stable outlook for infrastructure, inflation act spend

TL/DR - Investors are showing interest in the future funding environment for infrastructure modernization projects and less conventional initiatives under the Inflation Reduction Act of 2022. The $1.2 trillion Infrastructure and Jobs Act is seeing strong funding from federal and state agencies, while the Inflation Reduction Act is driving…

IRS targets personal use of corporate jets for tax audits

TL/DR - The Internal Revenue Service (IRS) intends to investigate wealthy executives who use company jets for private purposes yet classify the costs as business expenses for tax purposes. The audit, made possible by the 2022 Inflation Reduction Act, will use advanced analytics to determine whether the use of company jets is correctly allocated…

EPA Starts Roadshows for Local Climate Funding Access

TL/DR - The U.S. Environmental Protection Agency (EPA) is launching a new phase of its Community, Equity & Resiliency initiative in Albany, New York to help communities access resources from the Inflation Reduction Act. The initiative will host a series of in-person, community-based Regional Roadshow events where community leaders can learn…