Article Summary – LS Cable & System has been granted a $99m investment tax credit under Section 48C of the Inflation Reduction Act. The tax credit will be utilized for the company’s ‘green’ manufacturing business expansion in North Carolina. The company is a global power and telecom solutions provider that
Article Summary – The U.S. Trade Representative’s Office is investigating China’s activities in various sectors of the U.S. economy after receiving a petition from a group of labor unions which claim China’s “aggressive intervention” in the maritime, logistics, and shipbuilding sector discriminates against U.S. companies, disrupts supply chains, and undermines
Article Summary – President Joe Biden has promised to block the acquisition of U.S. Steel by a Japanese company and called for a tripling of tariffs on Chinese steel. He made these statements during a visit to United Steelworkers in Pittsburgh, where he also pledged to push for higher tariffs
Article Summary – The interim executive director of AIDS Delaware, Christopher Moore, advocates for the EPIC Act, which aims to rectify pharmaceutical disparities created by the Inflation Reduction Act. The current framework put a significant disadvantage for small molecule drugs, deterring pharmaceutical companies from developing new drugs due to cost
Article Summary – President Joe Biden has criticized a Republican proposal to extend tax cuts for the wealthy and big corporations, originally implemented under former President Donald Trump. In his own budget proposal, Biden has suggested increasing the Child Tax Credit, making Affordable Care Act tax credits permanent, expanding the
Article Summary – President Joe Biden has criticized a Republican proposal to extend tax cuts for wealthy individuals and large corporations, arguing that the tax code should not favor the wealthy. Biden’s own tax policies propose an increase in the corporate tax rate, the expansion of the Child Tax Credit
Article Summary – U.S. Senator Sherrod Brown, has been advocating for lower insulin prices for all Ohioans. The Inflation Reduction Act, which Brown helped write and pass, has allowed for a monthly cap on the cost of insulin at $35, significantly lowering costs for Ohioans on Medicare. Brown continues to
Article Summary – Pennsylvania’s Democratic Governor Josh Shapiro, along with bipartisan legislative leaders, have announced the opening of applications for the PA Student Teacher Support Program, aimed at addressing the state’s teacher shortage. The initiative will provide eligible student teachers with up to $15,000 in stipends, funded through Act 33,
Article Summary – The US Interior Department has finalized a rule making it more expensive for oil and gas producers to drill on federally owned lands, marking the first comprehensive update to the rules around drilling on federal lands since 1988. The rule includes provisions such as raising the rent
Article Summary – The solar eclipse on April 8 led to a massive influx of tourists to northwestern Pennsylvania, particularly to Erie, the largest city in the path of the eclipse. Visit Erie, the local tourism promotion agency, had anticipated 200,000 visitors and an economic boost of up to $50
Article Summary – The Inflation Reduction Act allocated billions to the IRS for modernizing its information technology. However, the Government Accountability Office (GAO) found that the IRS has yet to complete its strategic operating plan, which lacks a roadmap for achieving their five strategic objectives, especially the one involving technology.
Article Summary – Wisconsin Republican Senate candidate Eric Hovde criticized President Joe Biden’s plan for student loan debt forgiveness, describing it as “unfair” and “vote buying.” However, Hovde, as CEO of Sunwest Bank, supported and profited from a pandemic relief law signed by former President Donald Trump in 2020, which
