During a recent episode of “Influencers with Andy Serwer,” civil rights activist and former ambassador to the United Nations Andrew Young praised the passage of the Inflation Reduction Act. “It’s taken us a long time,” Young told Yahoo Finance. “But Joe Biden got a bill passed last night, but we’ve been moving in this direction for a long time.” The Inflation Reduction Act, which President Biden signed into law last week, invests roughly $375 billion into fighting climate change over… Source link
Read More »Clean energy stocks are the winners of the Inflation Reduction Act
Clean energy related stocks have been the clear winners of the Inflation Reduction Act (IRA). Solar panel makers, fuel cell manufacturers and energy storage companies all stand to benefit from the measure. Solar and wind energy stocks have been rallying since the bill was announced in late July. A large number of these equities are up double digit percentages year-to-date. They have far outperformed the broader markets. The IRA focuses on providing production tax credits for companies to… Source link
Read More »Inflation Reduction Act, Biden’s approval, Wyoming primary: This week in politics
Lawmakers are racing toward the August recess, as President Biden prepares to sign a bill Tuesday that invests nearly $52 billion into the semiconductor chip manufacturing sector. Meanwhile, the House is expected to vote this week on a roughly $430 billion spending package aimed to improve health care, address climate change, and make corporations pay their fair share of taxes. The Senate approved the measure over the weekend. We’re also slated to see new inflation data on Wednesday, as U.S…. Source link
Read More »Inflation Reduction Act would lead to $1,800 in savings for average household, analysis finds
Sweeping climate and health care legislation unveiled by Democrats last week would lead to significant cuts in energy costs for American households, according to a new analysis. A report by non-profit group Rewiring America found that the tax incentives included as part of the $369 billion dedicated to climate initiatives in the Inflation Reduction Act would save the average household $1,800 per year on energy bills. “It is a market-tilting level of investment,” Ari Matusiak, the group’s… Source link
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