Economy News

Linda Butler: Utilize all climate funds

Article Summary – The Inflation Reduction Act (IRA), passed in 2022, is the largest climate bill in U.S history and has led to significant investments in clean renewable energy. The IRA offers subsidies, tax rebates, and incentives that have led to the announcement of projects involving over 170,000 new clean

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Unexpected Supporters of Biden’s Inflation Reduction Act Arise

Article Summary – Two right-leaning industry groups, the American Petroleum Institute and the U.S. Chamber of Commerce, have shown support for parts of President Biden’s Inflation Reduction Act, specifically the tax incentives for clean energy. Initially against the Act due to corporate tax hikes and a methane emissions fee, the

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Orsted secures $680m JPMorgan support for Denmark’s solar projects

Article Summary – Denmark’s Orsted has secured a $680m investment from JPMorgan for two US renewable energy projects spurred by the Biden administration’s Inflation Reduction Act. The investment will fund the Eleven Mile Solar Center in Arizona and the Sparta Solar project in Texas. The Inflation Reduction Act allows tax

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Pingree Secures $70.9M for Maine Fish Passage Projects

Article Summary – The National Oceanic and Atmospheric Administration (NOAA) Fisheries has recommended $70.9 million for improving fish migration in Maine rivers under the Bipartisan Infrastructure Law and Inflation Reduction Act. The funding will be allocated to various organizations including the Passamaquoddy Tribe at Pleasant Point, the Penobscot Indian Nation,

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Greenhouse Gas Reduction Investment Boosts Main Streets – Forbes

Article Summary – The article discusses the benefits of investing in greenhouse gas reduction, particularly on main streets. Investments in these areas not only promote climate-friendly transformations but also provide job opportunities, boost local economies, and improve public health. Furthermore, it suggests that such investments should be expanded beyond wealthier

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Sherrod Brown Diverges from Biden on China, Says Punchbowl

Article Summary – U.S. Senator Sherrod Brown has been leading efforts to push the Biden administration to stand against China’s trade cheating, and to prevent Chinese companies from receiving American taxpayer money. Brown has criticized the administration over clean energy tax credit rules and new tariffs, arguing that these measures

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NRCS Texas Opens 2nd FY24 Conservation Program Sign-up

Article Summary – The U.S. Department of Agriculture (USDA) Natural Resources Conservation Service (NRCS) in Texas has opened a second sign-up for the Conservation Stewardship Program (CSP) for fiscal year 2024, accepting applications until June 21, 2024. The program aims to assist farmers, ranchers, and forest landowners in enhancing their

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Medicare Vaccine Uptake Rises, Act’s Role Still Unclear to Many

Article Summary – The U.S. Department of Health and Human Services Office of the Assistant Secretary for Planning and Evaluation (ASPE) reports that provisions of the Inflation Reduction Act (IRA) have increased the uptake of Part D-covered vaccines and saved beneficiaries over $400 million in 2023. An increase of 42%

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Poll: Older PA Voters Prioritize Safety Net Programs

Article Summary – AARP’s April 2024 Pennsylvania voter survey of people aged 50 and over found that their main voting issue is personal economic issues, most notably Social Security and Medicare. The stance on these issues separates Democratic Sen. Bob Casey and his Republican opponent, Dave McCormick, with Casey having

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