Inflation

TL/DR - Joe Biden signed the Inflation Reduction Act in August 2022, which he and his administration claim was the most significant action on clean energy and climate change in US history. The law led to the outsourcing of some operations such as the production of electric vehicles, with at least five Chinese battery manufacturers announcing…

TL/DR - A recent consumer sentiment report from the University of Michigan indicates that Americans continue to suffer from economic malaise, with sentiment remaining low following a 10% drop in April due to concerns over the labor market, interest rates, and inflation. The Consumer Sentiment Index was 65.6 in June 2024, a 31% rise from its low…

TL/DR - The Inflation Reduction Act (IRA) has had significant impact, as discussed at the 2024 DevelUP conference by Baker Tilly. The IRA has revolutionized tax credits, creating new opportunities with over 70 separate tax credits and options for transfer, opening doors for project funding and innovation. These insights were shared by Baker…

TL/DR - Inflation is threatening healthcare access in the US, particularly in rural areas, as the cost of medical services rises but Medicare reimbursement rates remain stagnant, according to Rep. Larry Bucshon. This widening gap means physicians are inadequately compensated for their services, leading to a decline in rural medical practices.…