Amid the rising global demand for electric vehicles and the U.S.’s passage of the Inflation Reduction Act, many South Korean companies have entered the U.S. battery recycling market. And those that rely heavily on China for key minerals are diversifying their supply chains, and one of their solutions is reusing waste batteries. The Inflation Reduction…
South Korean Companies Enter US Waste Battery Recycling Business to Reduce Mineral Dependence on China
September 17, 2022
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Family Finances: How the Inflation Reduction Act Affects Your Finances
By Sandra Block From Kiplinger’s Personal Finance The Inflation Reduction Act includes everything from a tax hike on large businesses to extended subsidies for Affordable Care Act health insurance policies. Here’s a look at the provisions that could affect your finances. Lower Drug Costs for Seniors Medicare will have the right to negotiate prices for prescription…
Unity in Love and Hate
Commentary There have been celebrations of national unity and purpose on both sides of the Atlantic Ocean during this past week. In Britain, a country as badly politically divided as our own in many ways, hundreds of thousands of people stood in lines that were at times several miles long to catch a glimpse of…
Economist Calls Biden Administration Student Debt Relief a ‘Redistribution Scheme’
September 16, 2022
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With U.S. prices higher than expected in all areas including food, shelter, and gas, the Biden administration’s student debt relief plan is really a “redistribution scheme” that will further fuel inflation, according to Vance Ginn, economist and founder of Ginn Economic Consulting. The plan is “what I’ve really been calling a redistribution scheme from those…
Senate Republicans Introduce Bill to Block ‘Super-Sized IRS’ from Targeting Middle-Class Americans
September 15, 2022
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A group of Republican U.S. senators introduced a new bill on Sept. 11 designed to curtail the growing power of the Internal Revenue Service (IRS). The bill, which is sponsored by Senators James Lankford (R-Okla.) and Mike Crapo (R-ID), responds to the Inflation Reduction Act signed into law in August, which allots $80 billion of additional funding…
How Will Increased IRS Staffing Affect Americans?
September 13, 2022
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The Inflation Reduction Act is adding 87,000 IRS agents. With current staffing at 79,000, this more than doubles the IRS roster. This will return IRS personnel numbers to 1990 levels. The argument for the increase is tax enforcement of wealthy individuals and corporations. The projections and arguments may not hold up when analyzed. How will…
Green Energy Fuels China’s Economy, Hurts Our Planet?
September 8, 2022
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A greener, and cleaner world: that and more is what policies like the Inflation Reduction Act aim to achieve. But are our efforts being underwritten by an adversarial power on the other side of the world? In this special report, we look at how the Chinese regime could be reaping the rewards of new industries,…
Presidential Hocus-Pocus Saves Planet. Reality Check Begs to Differ.
Commentary Once upon a time, the intercom buzzed in the Oval Office. “Mark P. Mills is here, sir,” said America’s most powerful secretary. “He’s a senior fellow with the Manhattan Institute.” Mills stepped into the Oval Office and approached the Resolute Desk. “Good morning, sir.” The president of the United States, gently tanned after a soothing…
IRS Official in Charge of 87,000 New Agents Played Key Role in Obama-Era Targeting Scandal
September 5, 2022
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House Republicans say they will keep a “watchful eye” on the Internal Revenue Service official tapped to run the centralized office housing 87,000 incoming new agents because she has ties to the IRS’ targeting of tea party groups during the Obama administration. The Daily Signal first reported that IRS Commissioner Charles Rettig had appointed Nikole Flax, commissioner in charge…
Each Taxpayer on Hook for $2,500 for Biden’s Student Loan Forgiveness Scheme: NTUF
September 5, 2022
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If President Joe Biden’s student debt cancellation scheme were to be implemented, it would cost every single American taxpayer in excess of $2,500, according to an estimate by the National Taxpayers Union Foundation (NTUF). Biden’s plan seeks to eliminate $10,000 worth of debt for each federal student debtholder. For borrowers who received federal Pell Grants,…
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