U.S. Treasury Secretary Janet Yellen recently said the Internal Revenue Service (IRS) needs to be “completely redone” and it will be a “big task.” In a new interview, Yellen praised the passage of the Inflation Reduction Act in August, which allocated about $80 billion for the IRS to modernize and increase its tax enforcement measures. […]
House Speaker Nancy Pelosi (D-Calif.) visited New York City on Oct. 12 to promote the newly enacted Inflation Reduction Act. NTD was on the scene in Queens asking the Speaker what exactly the new law would do—for New Yorkers—and for all Americans.
Grammy winner James Taylor recently performed a few of his hits at the White House to commemorate President Joe Biden’s signing of the “Inflation Reduction Act.” Not only did the stock market nosedive as the event happened, but it signified a curious relationship between musicians’ cozy relationship with liberal politics that seem to run counterintuitive […]
Republicans will immediately move to reverse the Biden administration’s hiring of 87,000 IRS agents if they flip the House of Representatives in the upcoming midterm elections, the top Republican in the lower chamber said on Sept. 23. “On that first day that we are sworn in, you will see that it all changes,” House Minority […]
A greener, and cleaner world: that and more is what policies like the Inflation Reduction Act aim to achieve. But are our efforts being underwritten by an adversarial power on the other side of the world? In this special report, we look at how the Chinese regime could be reaping the rewards of new industries, […]
A greener, and cleaner world: that and more is what policies like the Inflation Reduction Act aim to achieve. But are our efforts being underwritten by an adversarial power on the other side of the world? In this special report, we look at how the Chinese regime could be reaping the rewards of new industries, […]
Within the recently passed Inflation Reduction Act is a brand-new provision intended to give the Environmental Protection Agency power to cut greenhouse gas emissions. Some facilities exceeding a specific methane threshold will have to pay $900 per metric ton of methane starting in 2024.
Since President Joe Biden’s first day in office, Democrats have passed about $3.8 trillion in bills. The newest one is the Inflation Reduction Act that Biden just signed Tuesday. Democrats and Republicans are divided whether all the spending will help or hurt the economy.
When President Joe Biden on Tuesday signed the Inflation Reduction Act into law, his signature opened the door to reinstating the largest oil and gas lease sale in U.S. history that was blocked by a court due to climate impact concerns. The Inflation Reduction Act includes provisions that direct spending, tax credits, and loans to […]
With the Inflation Reduction Act now law, Democrats walk away with a victory. At the time President Joe Biden signed it, Senate Majority Leader Chuck Schumer said it shows how “persistent” their caucus is. All the while, not a single Republican lawmaker voted in favor of it. The question remains: how will this law affect […]
