Gotham Gazette

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Inflation Reduction Act

Inflation Reduction Act

  • After Tens of Billions Proposed, Public Housing Funding Again Left Out of Major Federal 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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