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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As Infrastructure Money Lands, the Job Dividends Begin
The New York Times – Business: -
Biden Caps Two Years of Action on the Economy, With New Challenges Ahead
The New York Times – Business: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 New York Times – Business: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 New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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.