On July 4, the One Big Beautiful Bill Act (OBBB) was signed into law by President Donald J. Trump. Among its many provisions, the bill includes tax code reforms that allow businesses to immediately and fully expense new capital investments and research and development (R&D) costs, effective in the 2025 tax year.
Millions of people in the Global South still lack access to electricity or clean water, yet the world is demanding a rapid global shift away from fossil fuels.
Trump-era tax cuts and full expensing offer a pro-growth alternative to IRA subsidies, boosting innovation, ensuring business certainty, and advancing clean energy.
America and the rest of the world need a comprehensive response to China’s overfishing and aggressive fishing tactics, which overwhelm competitors and threaten biodiversity.
With the crafting of a reconciliation package in full swing, the fate of the Inflation Reduction Act (IRA) hangs in the balance. Much of the discussion in Washington has centered on what will happen to the energy tax credits. In a new paper, we outline how full expensing is a pro-growth, pro-environment policy that doesn’t pick winners and losers.
When the federal government introduced the electric vehicle tax credit in 2008, policymakers designed it as an infant industry credit.A new Institute for Energy Research report suggests that repealing IRA-specific EV subsidies could save taxpayers $300 billion over the next decade.
Facing Facts on the PRC’s Environmental Realities and How the U.S. Can Lead in Energy Dominance and Environmental Progress
Economics explains that there are always trade-offs in everything.
Diversified supply chains that are subject to market forces are a win for people and the planet.
Protecting Americans’ investment and retirement accounts should be a top priority for lawmakers, and a noncontroversial one at that. The path to doing so is by reducing government interference in investment strategies and empowering market actors to make their own choices.
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