Mar 20, 2025 · The Inflation Reduction Act (IRA) introduced a series of new targeted tax breaks, many of which seem to be much more expensive than originally forecasted. Understandably, repealing these subsidies is a key option for policymakers looking to pay to extend the expiring broader tax cuts passed in the Tax Cuts and Jobs Act (TCJA).

Feb 27, 2025 · Uncertainty surrounding the future of the Inflation Reduction Act is causing concern for developers and investors in the renewable energy sector, as potential modifications to tax credit policies and transferability could significantly impact project financing and …

Feb 5, 2025 · Today, a deal for permitting and transmission reform is likely the one post-IRA policy arena where Democrats still have some leverage, in that any significant reform of NEPA will require Democratic votes to overcome a filibuster in the Senate.

The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy. It was passed by the 117th United States Congress and signed into law by President Joe Biden on August 16, 2022.

Feb 27, 2025 · Speaker Mike Johnson (R-La.) indicated this week that his approach to repealing the Democrats’ climate, tax, infrastructure and health care bill will be neither delicate and precise nor a total...

Sep 27, 2021 · Part 1--Corporate Tax Reform (Sec. 10101) This act imposes an alternative minimum tax of 15% of the average annual adjusted financial statement income of domestic corporations (excluding Subchapter S corporations, regulated investment companies, and real estate investment trusts) that exceeds $1 billion over a specified 3-year period.

Feb 5, 2025 · Taken together, state-based action in blue states and resistance in key red states where IRA investments are already at work might hold IRA opponents at bay until the political winds shift again, when a Democratic Congress in 2026 and President in 2028 might ride into town to save the day.

Dec 14, 2022 · The Inflation Reduction Act (“IRA”), signed by President Biden on August 16, 2022, is the most substantial drug payment and coverage legislation enacted since the Medicare Modernization Act...

Aug 16, 2022 · The Inflation Reduction Act (IRA) that President Biden signed into law Tuesday represents the most important effort in decades to reform how drug prices are set in the U.S. — the nation that...

5 days ago · By cutting funding and staff, Congress and President Donald Trump have largely ended the Biden Administration’s ambitious effort to spur transformational change at the Internal Revenue Service.