Trillions of dollars in government spending will profoundly affect the labor market, but in ways hard to measure, and mostly under the surface.
Category: Inflation Reduction Act of 2022
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Biden Caps Two Years of Action on the Economy, With New Challenges Ahead
The president used a slim congressional majority to enact legislation that could reshape the American economy — if his administration can make the laws succeed.
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Treasury Department Outlines Rules for New Corporate Taxes
The preliminary guidance applies to an alternative minimum tax for large corporations and a tax on stock buybacks, which helped fund President Biden’s climate and health bill.
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How Biden’s Climate Push Could Spur a Trade War With Europe
The European Union is crying foul over the Inflation Reduction Act, saying the billions in climate subsidies it offers create a trade imbalance.
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Biden’s Meeting With Macron Comes Amid Rising Trans-Atlantic Tensions
The president’s “Made in America” plan has drawn accusations of protectionism from Europe as the United States tries to keep its Western allies aligned against Russia.
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Europe’s Wind Industry Is Stumbling When It’s Needed Most
Makers of wind turbines are reporting mounting losses, and fret about losing out to rivals from China, as countries chase ambitious clean energy targets.
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France Urges U.S. to Change ‘Made in America’ Electric Car Policy
The French finance minister, Bruno Le Maire, said that U.S. subsidies will inflict damage to Europe’s economy.
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France Urges U.S. to Change ‘Made in America’ Electric Car Policy
The French finance minister, Bruno Le Maire, said that U.S. subsidies will inflict damage to Europe’s economy.
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California Regulators Propose Cutting Compensation for Rooftop Solar
It’s the second attempt by the state Public Utilities Commission to change how people are paid for the excess energy their solar panels send to the grid.
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Expect Higher Health Insurance Premiums, but Not a Lot Higher
Benefit costs may go up as much as 6 percent. Wary of driving workers away, many employers may not pass on the full increases, analysts say.
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Clean Energy Tax Break Draws Scrutiny of Natural Gas Plan in New Mexico
A defunct New Mexico coal plant would be revamped with the help of subsidies authorized by the new climate legislation, but a plan to rely on natural gas converted into hydrogen has generated criticism.