TAX

TL/DR - Senator Ted Cruz is introducing a bill to repeal the 'natural gas tax' in the Inflation Reduction Act (IRA), which allows the Environmental Protection Agency to impose fines on energy companies that emit more methane than permitted. The bill is supported by several organizations, including the Independent Petroleum Producers of America…

TL/DR - The Inflation Reduction Act (IRA) has allowed governments to access tax credits for the first time, aimed at funding clean energy and other green projects. Consequently, the U.S. Treasury has introduced the "direct pay" program, enabling tax-exempt organizations such as local, state, and tribal governments to be paid directly once a…