By refusing to go along with an increased consumer subsidy fully available only for EVs and batteries produced in the U.S. with union labor, Sen. Manchin (perhaps with the assistance of Canada's government) has saved the U.S. government from what could have been a mortal blow to an integrated North American industry.
The 15% corporate minimum tax is one of the Inflation Reduction Act's key revenue-raising provisions Joyce Beebe reviews the background, operating mechanism and different perspectives associated with implementing the corporate minimum tax.
With the recent enactment of the CHIPS and Science Act, the conversation about industrial policy has started up again. Are state-directed economic policies back, and will such initiatives work?
President Andrés Manuel López Obrador’s investment policies, which aim to return Mexico to the protectionist, state-led policies of the 1960s and 1970s, seem almost certain to stagnate the country’s economy.
A new Senate bill "declares a position on most of the unclear yet critical issues" in regulating cryptocurrency, the author writes, on which industry participants have been requesting guidance for years. What are the key provisions in this bipartisan proposal? Read the post on the Baker Institute Blog.
Three key Texas runoffs in the Texas Democratic congressional primaries demonstrate the ongoing battles between establishment and progressive wings of the Democratic party, writes the author, and the outcomes will either enhance or undermine Democratic efforts to retain control of the U.S. House in the 2022 midterms. Read his opinion on the Baker Institute Blog.
This opinion originally appeared in The Hill on May 24, 2022.