Inflation Reduction Act
Democrats’s Regulations Are Stalling Their Own Energy Infrastructure Plans: James Broughel
Democrats seek to expand green electricity infrastructure with the Inflation Reduction Act, but their regulations are getting in the way. According to James Broughel, Senior Fellow at the Competitive Enterprise Institute, this is just one of several ways the implementation of the act is a “mess.” NTD spoke with him for an update on the […]
NTD Evening News Full Broadcast (Aug. 16)
Fulton County District Attorney Fani Willis on Aug. 16 requested a March 4, 2024 trial date, the day before a dozen states may hold their primaries, for former President Donald Trump and 18 other co-conspirators in the Georgia general elections case. She plans to try all 19 defendants together. Sen. Joe Manchin (D-W.Va.) marked the […]
Senate Majority Leader Schumer and Sens. Wyden, Stabenow, and Smith Speak About Inflation Reduction Act
Senate Majority Leader Chuck Schumer (D-N.Y.) and Sens. Ron Wyden (D-Ore.), Debbie Stabenow (D-Mich.), and Tina Smith (D-Minn.) hold a press availability on the Inflation Reduction Act at 12:15 p.m. ET on July 26.
Biden Administration Approves $9.2 Billion Loan to Ford for US-based EV Battery Plants
In the biggest Electric Vehicle (EV) manufacturing loan ever, the U.S. Department of Energy (DOE) has agreed to lend $9.2 billion to a joint venture of Ford Motor Company and South Korean partner SK On to build three battery plants in Tennessee and Kentucky. The joint venture, called Blue Oval SK, obtained the conditional low-interest […]
Biden in Las Vegas Touts Lower Prescription Drug Prices From Inflation Reduction Act
President Joe Biden spoke on March 15 about new prescription drug cost savings under his administration, part of a wider effort by the commander in chief to sell the country on his achievements in office. “It makes a difference in people’s lives, what we’re doing,” said at the University of Nevada, Las Vegas. “I’ve been […]
Rubio Introduces Bill to Block EV Tax Credits to Ford’s Plant Using Chinese Technology
U.S. Sen. Marco Rubio (R-Fla.), the top Republican on the Senate Intelligence Committee, introduced a bill on Thursday to block subsidies to Chinese battery companies. If enacted, Ford’s new electric vehicle battery plant that licenses a Chinese battery maker’s technology will not qualify for the EV tax credits appropriated in the Inflation Reduction Act (IRA). […]
6 Takeaway Points From Biden’s Second State of the Union Address
In what sounded like a rehearsal for his expected announcement to seek a second term in 2024, President Joe Biden delivered his State of the Union address on Feb. 7. In the 72-minute speech, he encouraged bi-partisanship and unity, boasted that current numbers show that his economic plan is working, and sparred with Republicans who […]
Yellen Says IRS Needs to Be ‘Completely Redone’ to Increase Tax Collection
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. […]
Nancy Pelosi Talks About Health Care Costs in New York
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.
GOP to Immediately Repeal Hiring of 87,000 IRS Agents If Republicans Flip House: McCarthy
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 […]
Green Energy Fuels China’s Economy, Hurts Our Planet?
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, […]
Congress Imposes 1st-of-Its-Kind Fee on Greenhouse Gas Emissions
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.
Biden, Democrats Have Spent About $3.8 Trillion
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.
Biden Revives Biggest Offshore Oil and Gas Lease Sale in America’s History
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 […]