Can Indiana secure a CHIPS Act tech hub?
With the help of new federal legislation, Indiana leaders believe they have a strong chance of making the state a tech metropolis in the nation’s heartland.
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Biden announces long-awaited student debt-forgiveness plan
The plan calls for $10,000 or more in federal loan forgiveness for millions of Americans. Democrats are betting that President Joe Biden, who has seen his public approval tumble over the past year, can help motivate younger voters to the polls with the announcement.
Analysis: Student loan relief to cost as much as $980B, favor top earners
The group estimated that between 69% and 73% of any debt forgiven would accrue to households that rank in the top 60% of the U.S.’s income distribution.
Climate bill’s unlikely beneficiary: U.S. oil and gas industry
While the Inflation Reduction Act concentrates on clean energy incentives that could drastically reduce overall U.S. emissions, it also buoys oil and gas interests by mandating leasing of vast areas of public lands and off the nation’s coasts.
Braun pushes for more spending on agriculture research, development
Indiana Sen. Mike Braun said increasing government spending on agriculture research should be a top priority for the federal government as lawmakers in Congress craft their ongoing response to food security issues.
IndyGo receives $33M federal grant for East Campus garage
The funding is part of a $1.6 billion U.S. Department of Transportation Federal Transit Administration effort supporting cleaner buses. IndyGo was one of just nine agencies nationally chosen to receive more than $30 million from the program.
Yellen tells IRS to develop modernization plan in six months
Treasury Secretary Janet’s memo, obtained by The Associated Press, outlines the importance of modernizing IRS computer systems and ensuring the agency has an adequately-staffed workforce now that the tax collector is set to receive nearly $80 billion over the next 10 years.
Biden signs major climate, health care legislation
The measure is expected to be paid for by new taxes on large companies and stepped-up IRS enforcement of wealthy individuals and entities, with additional funds going to reduce the federal deficit.
FDA moves to make over-the-counter hearing aids available to millions
The new regulations will create a new category of hearing aids that will supersede state-level regulations requiring patients to visit physicians or audiologists to get prescriptions and fittings.
Expanded IRS free-file system one step closer in Dems’ bill
Now that the IRS is set to receive nearly $80 billion through the so-called “Inflation Reduction Act,” the agency has the means to develop new systems to help Americans pay their taxes.
Climate bill: Could coal communities shift to nuclear?
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.
FTC looking at rules to corral tech firms’ data collection
Federal regulators are looking at drafting rules to crack down on what they call harmful commercial surveillance and lax data security.
Biden signs $280B semiconductor act in bid to boost U.S. over China
The deal could have major implications for Indiana’s economic development efforts as it works with SkyWater Technology Inc. to open a $1.8 billion semiconductor production facility in West Lafayette.
How the Inflation Reduction Act might affect millions of Americans
Major changes to the Affordable Care Act. The nation’s biggest-ever climate bill. The largest tax hike on corporations in decades. And dozens of lesser-known provisions.
U.S. Interior Department calls for states to submit mine cleanup proposals
The extra funding in the infrastructure law is meant to both eliminate pollution from mining sites and to provide job opportunities in communities that have historically relied on coal mining. Indiana could get more than $24 million
Republicans block cap on patient insulin costs
GOP lawmakers had earlier tried to offer their own, more scaled-back version of an insulin price limit, but Democrats rejected it as too narrow.
Ex-IUPUI chancellor Paydar confirmed for education department job
Nasser Paydar, who was nominated to the post by President Joe Biden, will work under U.S. Secretary of Education Miguel Cardona.
Democrats’ slimmer spending bill focuses on health care, climate change deficit-reduction
The estimated $740 billion package—passed Sunday by the Senate and heading to the House—is full of party priorities.
White House condemns Indiana abortion ban
Meanwhile, IU Health, Indiana’s largest health care system, said Saturday that it would take a few weeks to study the implications of the law on patients and practitioners.
Democrats say they’ve reached agreement on economic package
Senate Majority Leader Chuck Schumer said he hopes the Senate can begin voting on the energy, environment, health and tax measure on Saturday. Passage by the House, which Democrats control narrowly, could come next week.