economy Archives

How Will The Inflation Reduction Act Raise $739 Billion in Revenue?

Over the next ten years, the Inflation Reduction Act (IRA) will bring in just under $740 billion and invest $433 billion of that back into programs laid out in the bill.

Again, Georgia Sets New Unemployment Record

According to new Bureau of Labor Statistics data, Georgia set a new state record for low unemployment rate in July 2022.

Bookman: Sometimes, It’s Not About the Money. Take Music Midtown, for Instance. | Opinion

“The cancellation of Music Midtown will cost Georgia’s economy $50 million,” says Stacey Abrams, the Democratic candidate for governor. “It’s shameful, but not surprising, that the governor cares more about protecting dangerous people carrying guns in public than saving jobs and keeping business in Georgia.”

With Robust Job Numbers and Falling Gas Prices, Consumer Concerns About Inflation Ease

A survey of consumers released on Monday by the Federal Reserve Bank of New York found that expectations of inflation in the next few years has declined for the second month in a row.

Split Congress Passes Inflation Reduction Act

On August 7th, after an all-night session, the U.S. Senate passed major climate, health care and tax legislation called the Inflation Reduction Act. During the session, legislators voted on dozens of proposed amendments in a process known as “vote-o-rama.”