CD261: Inflation Reduction Act

The Inflation Reduction Act is a new law designed to hasten the United States' energy transition (and do nothing about inflation). In the last episode before the midterm election, learn about the energy path the Democratic Party has plotted for us and learn how this new law can possibly save you tens of thousands of dollars. Please Support Congressional Dish – Quick Links Contribute monthly or a lump sum via PayPal Support Congressional Dish via Patreon (donations per episode) Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank's online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536. Please make checks payable to Congressional Dish Thank you for supporting truly independent media! View the show notes on our website at congressionaldish.com/cd261-inflation-reductio… Jen Podcast Appearances EP 63 Honest Government Analyst Jennifer Briney talks Privilege, White House & Hotels. The Living Numbers Podcast with Tony Rambles. Disaster - Jennifer Briney. A Word with Tom Merritt. Background Sources Recommended Congressional Dish Episodes CD259: CHIPS: A State Subsidization of Industry CD250: Congress Saves the Postal Service CD246: BIF: Appalachian Chemical Storage CD240: BIF The Infrastructure BILL CD218: Minerals are the New Oil CD205: Nuclear Waste Storage CD146: Repeal & Replace CD048: The Affordable Care Act (Obamacare) Tax Credits and Refunds Home Energy Efficiency Tax Credits "Tax Credits for Energy Efficient Home Improvements." eFile. Rocky Mengle. Sept 16, 2022. "Save More on Green Home Improvements Under the Inflation Reduction Act." Kiplinger. "Federal Income Tax Credits and Other Incentives for Energy Efficiency." Updated Aug 18, 2022. Energy Star. Electric Appliance Rebates "Quick Facts: United States." U.S. Census Bureau. Electric Car Tax Credit 26 U.S. Code § 30D - Clean vehicle credit. Cornell Law School Legal Information Institute. Alternative Fuels Data Center. "Electric Vehicles with Final Assembly in North America." U.S. Department of Energy, Office of Energy Efficiency and Renewable Energy. Kelley R. Taylor. Oct 18, 2022. "EV Tax Credits Are Changing: What's Ahead." Kiplinger. Greg Iacurci. Oct 15, 2022. "The 'bummer' of the $7,500 electric vehicle tax credit: Its full value may be hard to get." CNBC. John Bozzella. Aug 5, 2022. "What If No EVs Qualify for the EV Tax Credit? It Could Happen." Alliance for Automotive Innovation. John Bogna. Jun 22, 2022. "Hydrogen-Powered Cars: Fuel Cell Electric Vehicles Explained." PCMag. U.S. Geological Survey. "Mineral Commodity Summaries 2021." U.S. Department of the Interior. "OFAC Sanctioned Countries." Princeton University Research & Project Administration. Alternative Fuel vehicle refueling property credit Kelley R. Taylor. Sept 14, 2022. "The Federal Tax Credit for Electric Vehicle Chargers is Back." Kiplinger. 26 U.S. Code § 30C - Alternative fuel vehicle refueling property credit. Cornell Law School Legal Information Institute. Hydrogen Catherine Clifford. Sep 8, 2022. "The clean hydrogen energy economy was a dream. The climate bill could make it a reality this decade." CNBC. Emma Ochu et al. Jun 17, 2021. "Hydrogen Fact Sheet: Production of Low-Carbon Hydrogen." Columbia University School of International and Public Affairs, Center on Global Energy Policy. "Lisa Murkowski." Open Secrets. Jay Bartlett and Alan Krupnick. December 2020. "Decarbonized Hydrogen in the US Power and Industrial Sectors: Identifying and Incentivizing Opportunities to Lower Emissions." Resources for the Future. 24/7 Wall St. Feb 16, 2020. "How Many Gas Stations Are In U.S.? How Many Will There Be In 10 Years?" Market Watch. Health Care "The Inflation Reduction Act Lowers Health Care Costs for Millions of Americans." Oct 5, 2022. Centers for Medicare & Medicaid Services. "Inflation Reduction Act: CMS Implementation Timeline." 2022. Centers for Medicare & Medicaid Services. Carbon Capture Angela C. Jones and Ashley J. Lawson. Oct 5, 2022. "Carbon Capture and Sequestration (CCS) in the United States." Congressional Research Service. Emily Pontecorvo. Aug 22, 2022. "Will the Inflation Reduction Act jumpstart carbon capture?" Grist. "Global Status of CCS 2021." 2021. Global CCS Institute. "Carbon capture and storage could also impact air pollution." Nov 17, 2011. European Environment Agency. Offshore Wind Leases Abby Husselbee and Hannah Oakes. Aug 25, 2022. "The IRA Offshore Energy Leasing Provisions' Potential Impacts." Harvard University Environmental & Energy Law Program. "Memorandum on the Withdrawal of Certain Areas of the United States Outer Continental Shelf from Leasing Disposition." Sept 8, 2020. The White House. Fossil Fuels David Jordan. Oct 6, 2022. "Interior moves forward with oil and gas drill site leasing." Roll Call. "Inflation Reduction Act Fossil Fuel Provisions." Aug 18, 2022. Enersection. 30 U.S. Code § 226 - Lease of oil and gas lands. Cornell Law School Legal Information Institute. The Associated Press. Apr 16, 2022. "Biden increases oil royalty rate and scales back lease sales on federal lands." NPR. Taxes Kelley R. Taylor. Oct 10, 2022. "The Inflation Reduction Act and Taxes: What You Should Know." Kiplinger. "Inflation Reduction Act includes 15% corporate minimum tax on book income." August 16, 2022. EY. Jacob Bogage. Aug 12, 2022. "The new Wall Street tax key to Democrats' Inflation Reduction Act." The Washington Post. Peter Warren. Aug 11, 2022. "'Inflation Reduction Act' Holds the SALT." Empire Center. "Lobbying: Intuit Inc." Open Secrets. "CBO Cost Estimate: H.R. 1 - the Tax Cuts and Jobs Act." November 13, 2017. Congressional Budget Office. The Law H.R.5376 - Inflation Reduction Act of 2022 "Summary: Estimated Budgetary Effects of H.R. 5376, the Inflation Reduction Act of 2022." Revised August 5, 2022. Congressional Budget Office. Audio Sources Full Committee Hearing On Opportunities and Challenges in Deploying Innovative Battery and Non-Battery Technologies for Energy Storage September 22, 2022 Senate Committee on Energy and Natural Resources Witnesses: Tim Hemstreet, Managing Director for Renewable Energy Development, PacifiCorp Spencer Nelson, Managing Director, Research and New Initiatives, ClearPath Ted Wiley, President and Chief Operating Officer, Form Energy 19:19 Sen. Joe Manchin (D-WV): When it comes to storage, there has rightly been a focus on the supply chain, particularly for lithium ion batteries that power electric vehicles and phones in our pockets and many other modern technologies. While we have benefited from the use of this important battery chemistry, the fact that China is responsible for 75% of global lithium ion battery production, including 60% of the world's cathode production and 80% of the world's anode production, should give everyone pause. That is why I was proud to champion Inflation Reduction Act which incentivized the onshoring of the entire battery supply chain, from the production and processing of raw materials, to the battery pack assembly and everything in between. Full Committee Hearing On Domestic Critical Mineral Supply Chains March 31, 2022 Senate Committee on Energy and Natural Resources Witnesses: Dr. Steve Fortier, Director, USGS National Minerals Information Center, U.S. Department of the Interior Scott Melbye, President, Uranium Producers of America Julie Padilla, Chief Regulatory Officer, Twin Metals Minnesota Abigail Wulf, Vice President, Critical Minerals Strategy and Director of the Center for Critical Minerals Strategy, Securing America's Future Energy Dr. Paul Ziemkiewicz, Director, West Virginia Water Research Institute, West Virginia University 24:14 Sen. Joe Manchin (D-WV): It makes no sense to remain beholden to bad actors when we have abundant resources in manufacturing know-how here in the United States. And make no mistake, we are …