Article Summary – Donald Trump and his Republican allies are proposing to extend the individual, business, and estate tax provisions of their 2017 tax law. According to the nonpartisan Congressional Budget Office, this would add $4.6 trillion to the national debt over the first 10 years. However, Joe Biden and
Article Summary – The U.S. Treasury Department and the Internal Revenue Service (IRS) have released the final rules on clean vehicle provisions of the Inflation Reduction Act (IRA), with the Department of Energy providing guidance on battery manufacturing issues. The rules, which include stipulations on taxpayer and vehicle eligibility for
Article Summary – Vice President Kamala Harris announced that the Biden administration would provide $5.5 billion for housing-related projects across the US, aimed at expanding affordable housing, combating homelessness, supporting people with HIV/AIDS needing housing, and housing for people recovering from substance abuse. The funding will be used to build
Article Summary – Vice President Kamala Harris announced the Biden administration will provide $5.5 billion in funding for housing-related projects across the United States. The funds will be used to expand affordable housing, address homelessness, support people with HIV/AIDS needing housing, and provide housing for people recovering from substance abuse.
Article Summary – Fifteen House Democrats have urged President Joe Biden to use his executive power to secure the US border amid a stalemate in Congress on the issue. The letter, spearheaded by Rep. Angie Craig (D-Minn.), said the current situation is untenable and urges Biden to better address security
Article Summary – The U.S. Air Force and National Guard have abandoned a plan to lower the flight training area of the Maryland Air National Guard above Pennsylvania communities to 100 feet above ground level. The plan, which was opposed by Democratic U.S. Sens. Bob Casey and John Fetterman and
Article Summary – Vice President Kamala Harris has announced federal investments for small and medium-sized auto manufacturers in Michigan to either retool or expand their facilities. The Department of Energy has earmarked $50 million each for its Automotive Conversion Grants Program to help businesses transition from traditional vehicles to electric
Article Summary – The US Environmental Protection Agency (EPA) has updated its methane emissions reporting requirements for oil and gas operations to ensure greater transparency and accountability for methane pollution. The agency has claimed that these facilities are the nation’s largest industrial source of methane, a climate “super pollutant” that
Article Summary – President Biden has requested $104 billion in additional funding for the Internal Revenue Service (IRS) in the 2025 fiscal year budget proposal, atop the $12.3 billion annual budget and an already enacted $80 billion through the Inflation Reduction Act. U.S. Senator Mike Crapo expressed concern over the
Article Summary – The US government has allowed tax credits for electric vehicles with batteries containing Chinese graphite until the end of 2026. The US Treasury will give automakers until 2027 to remove certain hard-to-trace minerals, including graphite. South Korea welcomed this decision as it benefits Korean and other global
Article Summary – The Inflation Reduction Act (IRA), passed by the Biden Administration in 2022, is notable for its significant investments in clean energy, providing incentives for renewable energy implementation and funding clean energy companies. Despite environmental benefits and potential job growth, the IRA has simultaneously allowed for the fossil
Marc H. Morial, President and CEO of the National Urban League, emphasizes the positive impact of Bidenomics on Black unemployment rates while calling for active defense of democracy against disinformation and voter suppression.
