The Democrats’ “Inflation Reduction Act” will not decrease inflation, but it will shovel hundreds of billions of dollars in corporate welfare to lucky companies and their lobbyists.
This is what Obamanomics was, and it’s what Bidenomics is: Government gets bigger to the benefit of Big Business. The benefits for the environment and consumers are far more dubious.
“This is kind of an industrial bill masquerading as an energy and climate bill,” energy analyst Robbie Orvis told Politico. Morningstar’s chief U.S. Market Analyst David Sekera named three winners: SunPower, First Solar, and Plug Power. Specifically, Lord Abbett mentions “renewable project developers like NextEra Energy and AES,” “wind turbine manufacturers, such as TP Composites,” and electric car"parts suppliers ... Borg Warner and Aptiv.” Borg Warner has hired the lobbying firm launched by and named after former Deputy Secretary of State Richard Armitage."'It’s a big deal,' said Jonathan Evans, president and CEO of Lithium Americas Corp. 'We’re delighted with it.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Houston Newsmakers: Inflation reduction act may not help inflation, research saysIf you missed today's episode of Houston Newsmakers, catch up here. 👇 You can also catch a rerun Monday at 12:30 p.m. at KPRC 2+
Read more »
Biden's act ushers in major cost-saving changes to MedicarePresident Joe Biden signed the wide-ranging Inflation Reduction Act (IRA) into law on Tuesday afternoon, bringing welcome news for many retirees.
Read more »
How the IRS will use $80B to go after tax cheatsThe Internal Revenue Service has a plan for how it will use the $80 billion it received in the Inflation Reduction Act to go after wealthy tax cheats.
Read more »
Climate bill’s unlikely beneficiary: U.S. oil and gas industryWhile the Inflation Reduction Act concentrates on clean energy incentives that could drastically reduce overall U.S. emissions, it also buoys oil and gas interests by mandating leasing of vast areas of public lands and off the nation’s coasts.
Read more »
Inflation law tax credits to brighten platinum pricesThe Inflation Reduction Act recently signed by President Biden is expected to bolster platinum prices through clean vehicle tax credits and incentives for green hydrogen.
Read more »