Latest Government subsidies News

Climate bill: Could coal communities shift to nuclear?

Aug. 13, 2022 13:20 PM EDT

PROVIDENCE, R.I. (AP) — A major economic bill headed to the president has “game-changing” incentives for the nuclear energy industry, experts say, and those tax credits are even more substantial if a facility is sited in a community where a coal plant is closing. The...

In Biden's big bill: Climate, health care, deficit reduction

Aug. 12, 2022 19:27 PM EDT

WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for Medicare recipients. A new corporate minimum tax to ensure big businesses pay their share. And billions left over to pay down federal...

Inflation Reduction Act may have little impact on inflation

Aug. 12, 2022 18:08 PM EDT

WASHINGTON (AP) — With inflation raging near its highest level in four decades, the House on Friday gave final approval to President Joe Biden's landmark Inflation Reduction Act. Its title raises a tantalizing question: Will the measure actually tame the price spikes that have inflicted hardships...

Senate climate bill has West Virginia written all over it

Aug. 12, 2022 13:08 PM EDT

CHARLESTON, W.Va. (AP) — The sprawling economic package passed by the U.S. Senate this week has a certain West Virginia flavor. The package, passed with no Republican votes, could be read largely as an effort to help West Virginia look to the future without turning away entirely...

Sweeping climate bill pushes American energy to go green

Aug. 11, 2022 20:37 PM EDT

WASHINGTON (AP) — After decades of inaction in the face of escalating natural disasters and sustained global warming, Congress hopes to make clean energy so cheap in all aspects of life that it’s nearly irresistible. The House is poised to pass a transformative bill Friday that would provide...

Politicians, energy experts, advocates on climate bill

Aug. 11, 2022 15:23 PM EDT

Congress is expected on Friday to pass a major bill that includes close to $375 billion in spending related to fighting climate change. The bill, called the Inflation Reduction Act, will infuse cash, subsidies and tax breaks into various sectors of the economy, all aimed at making green energy much...

What's in Democrats' big bill? Climate, health care, savings

Aug. 07, 2022 18:45 PM EDT

WASHINGTON (AP) — Not as robust as the proposal President Joe Biden once envisioned to rebuild America's public infrastructure and family support systems, the Democrats' compromise of health care, climate change and deficit-reduction strategies is still a substantial undertaking. ...

Dems change some tax provisions as they ready economic bill

Aug. 06, 2022 02:58 AM EDT

WASHINGTON (AP) — Democrats pared part of their proposed minimum tax on huge corporations and made other changes in their giant economic bill, Senate Majority Leader Chuck Schumer said Friday, as they drove toward delivering a campaign-season victory to President Joe Biden on his domestic agenda....

Democrats' big package: What remains in and what's out?

Aug. 05, 2022 17:32 PM EDT

WASHINGTON (AP) — It's nowhere near the $4 trillion proposal President Joe Biden first launched to rebuild America's public infrastructure and family support systems but the compromise package of inflation-fighting health care, climate change and deficit reduction strategies appears on track...

Number of uninsured Americans drops to record low

Aug. 02, 2022 17:51 PM EDT

Washington (AP) — The number of people living in America without health insurance coverage hit an all-time low of 8 percent this year, the U.S. Department of Health and Human Services announced Tuesday. “Every American has the right to the peace of mind that comes with access to...