Gotham Gazette

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Inflation Reduction Act

Inflation Reduction Act

  • How the Inflation Reduction Act Will Take New York’s Climate Action to the Next Level

    Doreen Harris & Basil Seggos, the authors, at a climate conference (photo: NYS DEC)


    One month ago, national progress on climate change collapsed on the heels of an adverse Supreme Court ruling, followed by apparent withdrawal of Congress from meeting this urgent moment. In a dramatic turn, however, President Biden, Majority Leader Schumer, Speaker Pelosi, and Democrats in Congress achieved the signing of the historic Inflation Reduction Act (IRA).

    This game-changing new law, committing a record $369 billion in

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  • Federal Climate Bill Strengthens Demand to Build Public Renewables in New York

    Solar power in New York (photo: Mike Groll/Governor's Office)


    When Joe Biden signed the climate bill known as the Inflation Reduction Act (IRA) this past week, he obliterated the last feeble objection to expanding public ownership of renewable energy generation in New York State, a critical step to reducing fossil fuel emissions and making energy more affordable.

    But the state authority tasked with implementing public power, the New York Power Authority (NYPA), must be rebuilt under new leadership to have the vision,

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  • Despite Tens of Billions Proposed, NYCHA Again Left Out of Major Federal Funding Packages

    NYCHA left out in the cold again (photo: Governor's Office)


    As the Democrat-led federal government moves toward passage of another massive spending package, billions of dollars in much-needed funding to repair crumbling public housing, particularly at the New York City Housing Authority (NYCHA), has again been left out.

    The U.S. Senate on Sunday passed the Inflation Reduction Act, a major spending bill that will invest hundreds of billions in climate action and clean energy, cut health care costs and raise taxes, reducing the overall federal deficit. But the bill excluded investments in

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  • Senate Deal Could Mean Big Boost to New York Climate Efforts

    Senator Chuck Schumer (photo: Kevin P. Coughlin/Governor's Office)


    ***Update: The Senate passed the Inflation Reduction Act in a party-line vote on Sunday, August 7, though with some changes since the original deal was announced by Senate Majority Leader Schumer and Senator Manchin. The final agreement included a narrower corporate minimum tax and dropped the closure of the carried interest loophole, at the urging of Senator Kyrsten Sinema, though Schumer added an excise tax on stock buybacks to the bill. Republicans, on the other hand, blocked a cap on the price of insulin under private

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