Truthout
Inflation Reduction Act
![President Joe Biden, center, hands the pen used to sign H.R. 5376, the Inflation Reduction Act of 2022 into law, to Sen. Joe Manchin in the State Dining Room of the White House on August 16, 2022, in Washington, D.C.](https://truthout.org/app/uploads/2024/08/2024_0816-ira-400x300.jpg)
Red States Get 85% of the Benefit of Climate Law. Some Still Hate It.
The vast majority of jobs and projects funded by the Inflation Reduction Act go to conservative states that back Trump.
![Internal Revenue Service (IRS) Commissioner Danny Werfel](https://truthout.org/app/uploads/2024/06/2024_0617-irs-taxes-400x300.jpg)
IRS Announces It Will Crack Down on Loophole Exploited by the Superrich
The Treasury Department estimates that the new IRS initiative could raise more than $50 billion in federal revenue.
![Emissions fume at the coal-fueled Oak Grove Power Plant on April 29, 2024, in Robertson County, Texas.](https://truthout.org/app/uploads/2024/05/GettyImages-2150753989-400x300.jpg)
Far From Cutting Power Plant Emissions, New EPA Rule May Make Things Worse
The rule relies on “carbon capture” technology that hasn’t been proven to work — and may introduce other dangers.
![An electrical worker maintains power lines](https://truthout.org/app/uploads/2024/05/2024_0515-power-lines-400x300.jpg)
New Rule to Overhaul Electric Grids Could Boost Transition to Renewable Energy
But the new requirements could be delayed or derailed, given the history of legal challenges to federal regulations.
![Dry soybeans are seen in Firmat, Argentina, on March 26, 2024.](https://truthout.org/app/uploads/2024/03/GettyImages-2113281471-400x300.jpg)
Extreme Heat Is Driving Up Food Prices — and It’s Only Going to Get Worse
New research shows that climate change is already fueling heatflation.
![Internal Revenue Service (IRS) Commissioner Daniel Werfel testifies during the Ways and Means Committee hearing on the IRS in Longworth Building in Washington, D.C., on February 15, 2024.](https://truthout.org/app/uploads/2024/03/2024_0301-irs-400x300.jpg)
IRS Pursues 125,000 Non-Filing Cases in Crackdown on Wealthy Tax Evaders
The IRS chief said there was a “tax gap” of over $150 billion each year that the wealthy owe but do not pay.
![Flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin on February 5, 2015, in Garden City, Texas.](https://truthout.org/app/uploads/2024/02/2024_0223_flare-400x300.jpg)
Oil and Gas Industry Could See Methane Pollution Fees Exceeding $1 Billion
A new analysis found that under the IRA, some companies may be liable for fees that could bankrupt some operators.
![The word 'taxes' is seen on the Internal Revenue Service building in Washington, D.C., on April 5, 2022.](https://truthout.org/app/uploads/2024/02/2024_0207-taxes-400x300.jpg)
IRS Estimates $561B Tax Revenue Rise With Crackdown on Corporations and the Rich
Republicans have waged a multiyear effort to claw back the funding that allows the IRS to increase scrutiny on the rich.
![Joe Biden frowns](https://truthout.org/app/uploads/2023/12/2023_1227-joe-biden-400x300.jpg)
2023 Was a Bad Year for Joe Biden
Voters are still upset about inflation, but it’s the destruction of Gaza that could haunt Biden in 2024.
![President Joe Biden holds a Cabinet meeting at the White House on October 2, 2023, in Washington, D.C.](https://truthout.org/app/uploads/2023/10/2023_1003-joe-biden-400x300.jpg)
All Manufacturers of 10 Drugs Set for Medicare Negotiation Agree to Participate
The negotiation process won't begin until early 2024, and new prices won't be implemented until two years later.