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Inflation Reduction Act Of 2022
The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy. It was passed by the 117th United States Congress and signed into law by President Joe Biden on August 16, 2022. It is a budget reconciliation bill sponsored by Senators Chuck Schumer ( D- NY) and Joe Manchin (D- WV). The bill was the result of negotiations on the proposed Build Back Better Act, which was reduced and comprehensively reworked from its initial proposal after being opposed by Manchin. It was introduced as an amendment to the Build Back Better Act and the legislative text was substituted. All Democrats in the Senate and House voted for the bill while all voting Republicans voted against it. It was described as a landmark piece of legislation. According to the nonpartisan Congressional Budget Office (CBO) and Joint Committee on Ta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Yarmuth
John Allan Yarmuth ( ; born November 4, 1947) is a retired American politician and newspaper editor who served as the U.S. representative for from 2007 to 2023. His district encompassed the vast majority of the Louisville, Kentucky, Louisville Metro Area. From 2013 onward, he had been the sole Democratic Party (United States), Democratic member of United States congressional delegations from Kentucky, Kentucky's congressional delegation. Yarmuth chaired the House Budget Committee from 2019 to 2023. On October 12, 2021, he announced that he would not seek reelection in 2022 United States House of Representatives elections in Kentucky#District 3, 2022. Early life and education Yarmuth was born in Louisville, Kentucky, the son of Edna E. (née Klein) and Stanley R. Yarmuth. He is descended from Jewish immigrants from Russia and Austria. He graduated from Atherton High School, Louisville, Atherton High School. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vox (website)
''Vox'' () is an American news and opinion website owned by Vox Media. The website was founded in April 2014 by Ezra Klein, Matt Yglesias, and Melissa Bell (journalist), Melissa Bell, and is noted for its concept of explanatory journalism. Vox's media presence also includes a YouTube channel, several podcasts, and a show presented on Netflix. ''Vox'' has been described as left-leaning and Liberalism in the United States, liberal. History Prior to founding ''Vox'', Ezra Klein worked for ''The Washington Post'' as the head of Wonkblog, a public policy blog. When Klein attempted to launch a new site using funding from the newspaper's editors, his proposal was turned down and Klein subsequently left ''The Washington Post'' for a position with Vox Media, another communications company, in January 2014. ''The New York Times'' David Carr (journalist), David Carr associated Klein's exit for ''Vox'' with other "big-name journalists" leaving newspapers for digital start-ups, such as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression
The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and business failures around the world. The economic contagion began in 1929 in the United States, the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. Among the countries with the most unemployed were the U.S., the United Kingdom, and Weimar Republic, Germany. The Depression was preceded by a period of industrial growth and social development known as the "Roaring Twenties". Much of the profit generated by the boom was invested in speculation, such as on the stock market, contributing to growing Wealth inequality in the United States, wealth inequality. Banks were subject to laissez-faire, minimal regulation, resulting in loose lending and wides ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Economic Forum
The World Economic Forum (WEF) is an international non-governmental organization, international advocacy non-governmental organization and think tank, based in Cologny, Canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer Klaus Schwab. The foundation's stated mission is "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". The foundation is mostly funded by its 1,000 member Multinational corporation, multi-national companies. The WEF is mostly known for its annual meeting at the end of January in Davos, a mountain resort in the canton of Graubünden, in the eastern Alps region of Switzerland. The meeting brings together some 3,000 paying members and selected participants – among whom are investors, business leaders, political leaders, economists, celebrities and journalists – for up to five days to discuss list of global issues, global issu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Millionaire
A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Depending on the currency, a certain level of prestige is associated with being a millionaire. Many national currencies have, or have had at various times, a low unit value, in many cases due to past inflation. It is much easier and less significant to be a millionaire in those currencies, thus a millionaire in the local currency of Hong Kong or Taiwan, for example, may be merely of average wealth, or perhaps less wealthy than average. A millionaire in Zimbabwe in 2007 could have been extremely poor. Because of this, the term 'millionaire' generally refers to those whose assets total at least one million units of a high-value currency, such as the United States dollar, euro, or pound sterling. At the end of 2011, there were around 5.1 million HNWIs in the United States, while at the same time there were 11 million millionaires in a total of 3.5 million millionaire ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internal Revenue Service
The Internal Revenue Service (IRS) is the revenue service for the Federal government of the United States, United States federal government, which is responsible for collecting Taxation in the United States, U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law. It is an agency of the United States Department of the Treasury, Department of the Treasury and led by the Commissioner of Internal Revenue, who is appointed to a five-year term by the President of the United States. The duties of the IRS include providing tax assistance to taxpayers; pursuing and resolving instances of erroneous or fraudulent tax filings; and overseeing various benefits programs, including the Affordable Care Act. The IRS originates from the Commissioner of Internal Revenue, a federal office created in 1862 to assess the nation's first income tax to fund the American Civil War. The temporary measure funded over a fifth of the Union's war expens ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greenhouse Gas Emissions By The United States
The United States produced 5.2 billion metric tons of carbon dioxide equivalent greenhouse gas (GHG) emissions in 2020, the second largest in the world after greenhouse gas emissions by China and among the countries with the highest greenhouse gas emissions per person. In 2019 China is estimated to have emitted 27% of world GHG, followed by the United States with 11%, then India with 6.6%. In total the United States has emitted a quarter of world GHG, more than any other country. Annual emissions are over 15 tons per person and, amongst the top eight emitters, is the highest country by greenhouse gas emissions per person. The IEA estimates that the richest decile in the US emits over 55 tonnes of per capita each year. Because coal-fired power stations are gradually shutting down, in the 2010s emissions from electricity generation fell to second place behind transportation which is now the largest single source. In 2020, 27% of the GHG emissions of the United States ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Climate Change Policy Of The United States
The Climate policy, climate change policy of the United States has major impacts on global climate change and global climate change mitigation. This is because the United States is the second largest emitter of greenhouse gasses in the world after greenhouse gas emissions by China, China, and is among the List of countries by greenhouse gas emissions per capita, countries with the highest greenhouse gas emissions per person in the world. Cumulatively, the United States has emitted over a trillion metric tons of greenhouse gases, more than any country in the world. Climate change policy is developed at the U.S. state, state and US Federal government, federal levels of government. The United States Environmental Protection Agency, Environmental Protection Agency (EPA) defines climate change as "any significant change in the measures of climate lasting for an extended period of time." Essentially, climate change includes major changes in temperature, precipitation, or wind patterns, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Affordable Care Act
The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act (PPACA) and informally as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010. Together with amendments made to it by the Health Care and Education Reconciliation Act of 2010, it represents the U.S. healthcare system's most significant regulatory overhaul and expansion of coverage since the enactment of Medicare (United States), Medicare and Medicaid in 1965. Most of the act remains in effect. The ACA's major provisions came into force in 2014. By 2016, the uninsured share of the population had roughly halved, with estimates ranging from 20 to 24 million additional people covered. The law also enacted a host of Healthcare industry#Delivery of services, delivery system reforms intended to constrain healthcare costs and improve quality. After it came into effect, increases in overall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Climate Change In The United States
Climate change has led to the United States warming up by 2.6°F (1.4°C) since 1970.In 2023, the global average near-surface temperature reached 1.45 °C above pre-industrial levels, making it the warmest year on record. The climate of the United States is shifting in ways that are widespread and varied between Regions of the United States, regions. From 2010 to 2019, the United States experienced its hottest decade on record. Extreme weather events, Invasive species in the United States, invasive species, Lists of floods in the United States, floods and Droughts in the United States, droughts are increasing. Tropical cyclones and climate change, Climate change's impacts on tropical cyclones and sea level rise also affect regions of the country. Cumulatively since 1850, the Greenhouse gas emissions by the United States, U.S. has emitted a larger share than any country of the greenhouse gases causing current climate change, with some 20% of the global total of carbon dioxide al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy In The United States
Energy in the United States is obtained from a diverse portfolio of sources, although the majority came from fossil fuels in 2023, as 38% of the nation's Energy development, energy originated from petroleum, 36% from natural gas, and 9% from coal. Electricity from nuclear power supplied 9% and renewable energy supplied 9%, which includes Biomass (energy), biomass, Wind power, wind, Hydroelectricity, hydro, Solar power, solar and Geothermal energy, geothermal. Energy figures are measured in BTU, with 1 BTU equal to 1.055 joule#Multiples, kJ and 1 quadrillion BTU (1 quad (unit), quad) equal to 1.055 EJ. Because BTU is a unit of heat, sources that generate electricity directly are multiplied by a conversion factor to equate them with sources that use a heat engine. The United States was the second-largest energy producer and consumer in 2021 after Energy policy of China, China. The country had a per capita energy consumption of , ranking it tenth in the world behind Energy in Can ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Reform
Tax reform is the process of changing the way taxes are collected or managed by the government and is usually undertaken to improve tax administration or to provide economic or social benefits. Tax reform can include reducing the level of taxation of all people by the government, making the tax system more progressive or less progressive, or simplifying the tax system and making the system more understandable or more accountable. Numerous organizations have been set up to reform tax systems worldwide, often with the intent to reform income taxes or value added taxes into something considered more economically liberal. Other reforms propose tax systems that attempt to deal with externalities. Such reforms are sometimes proposed to be revenue-neutral, for example in revenue neutrality of the FairTax, meaning they ought not result in more tax or less being collected. Georgism claims that various forms of land tax can both deal with externalities and improve productivity. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
