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The IRA included incetives for nuclear power and money for research into modular nuclear reactors, but didn't include anything for restarting or constructing new nuclear reactors. However, it did give the energy department broader authority to issue loans for nuclear power plants. The DOE is set to announce today that for the first time ever, the U.S. will be reactivating a decommissioned nuclear reactor in Michigan. They also hope to engage New York to reactivate their reactor that was closed down recently, but have no official action or loan offer for that one yet. They are also looking into ways to prevent about half of the active nuclear power plants in the U.S. that are currently in danger of shuttering from being shut down. No specifics on that portion yet either, though. https://twitter.com/AriNatter/status/1752471759280890059 quote:Biden to Offer $1.5 Billion Loan to Restart Michigan Nuclear Power Plant
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Jan 31, 2024 15:33
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Leon Trotsky 2012 posted:The DOE is set to announce today that for the first time ever, the U.S. will be reactivating a decommissioned nuclear reactor in Michigan. They also hope to engage New York to reactivate their reactor that was closed down recently, but have no official action or loan offer for that one yet. Indian Point? That'd be huge, although I imagine there will still be local opposition. https://www.city-journal.org/article/the-tragedy-of-indian-point
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Jan 31, 2024 15:45
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FlamingLiberal posted:Yes that is my exact thinking She has previously endorsed Democrats including Joe Biden in 2020 and has specifically called out Trump just earlier last year. While she has previously been apolitical, she took a ton of heat for it in the Trump era and has been more vocal as a result. And we're now a post-Dobbs world now so I think it's likely she ends up endorsing even more Dems this year, provided their warmongering isn't such a turnoff to her fanbase. koolkal fucked around with this message at 16:00 on Jan 31, 2024 |
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Jan 31, 2024 15:57
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Eric Cantonese posted:Indian Point? That'd be huge, although I imagine there will still be local opposition. Yeah, I don't know if they have any concrete plans for that one because the issue with it wasn't financial. Seems unlikely there is much they can do unless NY reverses course. The other 50% of nuclear reactors are more likely success stories. Or if anything cost-effective ever comes out of the modular reactor research.
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Jan 31, 2024 16:00
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Shooting Blanks posted:Going after Taylor Swift seems like such an own goal. I don't see any value in attacking one of the most popular pop artists in the country, but maybe that's why I'm not a GOP strategist. These are the same kinds of geniuses that gave DeSantis the idea of trying to legally persecute Disney in Florida. Not exactly bringing their best. Part of the problem is that the base has gotten so out of tune with the rest of the populace. Fringe movements want to pick fights with powerful people and entities, because they believe that the powerful are both persecuting them and destroying America. Disney is an enormously powerful media corporation, but that's exactly why they want to pick a fight with it: they believe that all the social trends they hate are being forced upon the nation by powerful forces like Disney. Pretty much the same goes for Swift - the more popular she is, the more important it is for them to fight her and defeat her before she can poison society by convincing people that trans rights exist. Obviously, that isn't necessarily a great strategy for winning general elections, but they're not really even thinking about that. I never really liked the term "culture war" because it trivializes a lot of important civil rights stuff, but that's absolutely what's going on right now: they're waging a war for control of American culture, they think it'll be an easy victory because they're right and everyone else is wrong, and they figure that the general election will work itself out in their favor (and if it doesn't it'll be solely because lyin' Biden stole the election again).
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Jan 31, 2024 16:04
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The Child Tax Credit expansion/Business Tax Credit Extension bill is officially coming to a floor vote in the House today. https://twitter.com/JakeSherman/status/1752704314710384993 Also, Krysten Sinema filed her campaign finance paperwork for this quarter. She only raised $64k, which is a huge drop from her usual hauls. However, she does still have nearly $11 million cash on hand. The low quarterly fundraising seems to indicate she may not run for re-election, but her huge cash supply and fundraising network means that isn't necessarily predictive of anything. She still hasn't announced if she will run for re-election as an independent, but she has to file paperwork by April. Leon Trotsky 2012 fucked around with this message at 16:24 on Jan 31, 2024 |
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Jan 31, 2024 16:06
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Leon Trotsky 2012 posted:It's mainly the Delaware Chancery Court and that they have corporate laws and infrastructure that make it incredibly easy and fluid to do business/legal work there. Things like clear and limited liability rules for corporations and franchise fees are also very attractive to businesses that own a lot of other businesses or franchise out. Rigel posted:ooh, tax guy here, I can answer this one. Thanks for these excellent answers.
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Jan 31, 2024 16:08
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Leon Trotsky 2012 posted:Also, Krysten Sinema filed her campaign finance paperwork for this quarter. She only raised $64k, which is a huge drop from her usually hauls. However, she does still have nearly $11 million cash on hand. The low quarterly fundraising seems to indicate she may not run for re-election, but her huge cash supply and fundraising network means that isn't necessarily predictive of anything. If she doesn't run for reelection, what happens to that $11M she has on hand? I'm assuming that's already earmarked as campaign funds and can't be redirected into her personal bank accounts...
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Jan 31, 2024 16:17
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Main Paineframe posted:These are the same kinds of geniuses that gave DeSantis the idea of trying to legally persecute Disney in Florida. Not exactly bringing their best. i think the base has deeply internalized the "silent majority" poo poo and still think its the era of Reagan where social conservatism of various stripes WAS the norm. but times have obviously changed and they have kinda lost the war mostly because of generational change and obgerfell and the internet has connected more people. I come from the same area swift did and its a pretty conservative area. the internet and meeting new people made me pretty drat socially left. U40 people are like that mostly. to me, the GOP has lost the war and all they can do is hurt as many people as possible in red and purple states before the implode further or are forced to changing tactics.
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Jan 31, 2024 16:20
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Shooting Blanks posted:If she doesn't run for reelection, what happens to that $11M she has on hand? I'm assuming that's already earmarked as campaign funds and can't be redirected into her personal bank accounts... You can do any of the following with it: - Donate it to another political campaign/PAC. - Donate it to a charity. - Refund the donations. - Hold on to the donations in the campaign account in case you ever want to run for office again. There's no timeline for it, so they can do it over as long a period as they want. They just can't take it out unless they run for office again.
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Jan 31, 2024 16:22
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A bunch of social media CEOs are testifying in Congress right now over how to keep kids safe on social media. So get ready for more hilarious boomer questions from the geriatric congresspeople.
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Jan 31, 2024 16:23
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Leon Trotsky 2012 posted:Also, Krysten Sinema filed her campaign finance paperwork for this quarter. She only raised $64k, which is a huge drop from her usually hauls. However, she does still have nearly $11 million cash on hand. The low quarterly fundraising seems to indicate she may not run for re-election, but her huge cash supply and fundraising network means that isn't necessarily predictive of anything. I think Sinema expected to be in a very different position vis a vis her own race, where even if she wasn't at the top she'd be a spoiler who could extract concessions by running. But polls have her as an also-ran who is drawing more from the Republican candidate (Lake) than Gallego. The border bill she's been a key negotiator on is in jeopardy as well, which she wants to either show to voters as a boost (won't help) or show to prospective employers that she can get things done in Washington (please hire me as a lobbyist).
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Jan 31, 2024 16:24
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Charliegrs posted:A bunch of social media CEOs are testifying in Congress right now over how to keep kids safe on social media. So get ready for more hilarious boomer questions from the geriatric congresspeople. Congressional hearings aren't even fun any more, there don't seem to be as many inane questions as there are "Gotcha!" questions. The difference between these CEOs and the university presidents is that everyone being questioned today will have been thoroughly prepared - and most of them have probably given Congressional testimony at least once in their careers.
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Jan 31, 2024 16:27
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The reason they are letting the child tax credit/business tax credit bill get a floor vote is that some conservatives and some Republicans from New York got a commitment to vote on a standalone SALT bill next week. The bill would double the SALT deduction limit (from $10,000 to $20,000) if you are married filing jointly because under current law you get a smaller deduction if you file taxes jointly than if you do it separately. Not clear what the votes are going to look like for this one or how likely it is to pass. Seems like it will have a good shot at passing the House because it will probably get most of the House Republican votes and a bunch of Democratic votes from places in NY, NJ, CA, and TX. Not clear what it looks like in the Senate. https://twitter.com/LauraEWeiss16/status/1752712493489652013
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Jan 31, 2024 16:33
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i made the usce 2024 thread because the mods have not. you're welcome
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Jan 31, 2024 16:42
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snip, go to the new thread for the news.
Discendo Vox fucked around with this message at 16:47 on Jan 31, 2024 |
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Jan 31, 2024 16:43
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If all of these tax bills pass, then the cumulative changes for this tax year would be: - $400 more refundable tax credit per child. - The child tax credit amount will start scaling with inflation after 2025, rounded up to the nearest $100. - You can use your current year or last year's income to determine eligibility for the child tax credit and take the lower amount. - Small businesses can write off double the amount of depreciation through 2025. - Renews business tax credits for research and development costs, interest payments, and capital investments from the Trump tax bill that were set to expire until 2025. - Removes the "marriage penalty" for the SALT deduction and allows you to get double the credit if you file jointly (no changes to the actual SALT credit amount or cap) instead of needing to file your taxes separately to claim the credit for each person. There are also provisions for housing subsidies, but those are not going to impact individual or business income taxes this year.
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Jan 31, 2024 16:47
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Shooting Blanks posted:Congressional hearings aren't even fun any more, there don't seem to be as many inane questions as there are "Gotcha!" questions. The difference between these CEOs and the university presidents is that everyone being questioned today will have been thoroughly prepared - and most of them have probably given Congressional testimony at least once in their careers. I don't know I thought it was pretty funny when they had the CEO of Tiktok testify. I remember one boomer rear end Congress person asking something like "DOES TIKTOK USE WIFI??" like it was some kind of gotcha question.
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Jan 31, 2024 16:49
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Leon Trotsky 2012 posted:- $400 more refundable tax credit per child. Is this regardless of your income? And is this just shifting what is refundable and non-refundable in the $2000 available?
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Jan 31, 2024 17:07
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