All articles tagged with #federal subsidies
The article discusses how US government subsidies for crops like corn, soy, and wheat promote the consumption of unhealthy, processed foods, contributing to obesity and related health issues, which in turn drive up healthcare costs. Despite dietary guidelines promoting fruits and vegetables, these receive minimal subsidies, leading to a diet that favors refined grains and processed foods, exacerbating public health problems and economic burdens.
North Carolina has approved premium increases for ACA marketplace plans ranging from 12.66% to 36.40% for 2026, amid ongoing debates over federal subsidies and rising healthcare costs, which could lead to significant sticker shock and coverage drop-offs for many residents.
States are preparing for significant changes in health insurance costs and plans due to the potential expiration of federal subsidies for ACA plans, with Congress's gridlock creating uncertainty during the upcoming open enrollment season.
President Donald Trump expressed his support for Elon Musk and his companies, stating he does not intend to harm their businesses through revoking federal subsidies and emphasizing the importance of U.S. companies thriving for the country's benefit.
Trump denies plans to cut Elon Musk’s federal subsidies, despite earlier suggestions and criticisms, with ongoing tensions and public exchanges about the potential impact on Musk’s companies and government contracts.
Tesla shares dropped about 5% following President Trump's threat to withdraw federal subsidies from Elon Musk, highlighting a growing feud that risks Tesla's valuation and Musk's personal wealth, amid broader political tensions and upcoming quarterly delivery reports.
The Affordable Connectivity Program, which provided internet subsidies to low-income and rural households, including tribal areas, has run out of funds. This endangers telehealth services and internet access for many, with significant impacts on rural and tribal communities. Lawmakers are debating the program's future, while the Biden administration urges Congress to act and has secured low-cost plans from major internet providers to mitigate the impact.
The Inflation Reduction Act, signed by President Biden nearly two years ago, has significantly boosted America's clean energy economy through tax incentives and federal subsidies, driving $332 billion in private investments. However, despite its economic success, the law has not become a major political win for Biden due to slow industrial development, complex tax incentives, and partisan politics.
Intel is set to receive about $20 billion in federal subsidies under the CHIPS and Science Act to advance semiconductor manufacturing projects in four U.S. states, supporting its plans to invest over $100 billion in the U.S. over five years. The funding will help Intel build new factories and modernize existing facilities, with a focus on producing cutting-edge artificial intelligence (AI) chips. This move aims to strengthen the U.S. semiconductor supply chain and reduce reliance on Taiwan and China, with the Biden administration hoping to increase America's share of advanced chip production from 0% to 20% by 2030 through the CHIPS Act.
The Biden administration has expanded the eligibility for federal subsidies under the Chips Act to include companies that provide tools, chemicals, and other supplies for the semiconductor industry, in addition to chip manufacturers themselves. The $53 billion Chips Act aims to reduce the US's reliance on foreign-made semiconductors, particularly those used by the Pentagon, and is seen as crucial to national security.
Tesla's Superchargers will be eligible for federal subsidies if they include a "standard connection" - Combined Charging System (CCS1). Tesla plans to open its Supercharging network to all BEVs, which requires compatibility with CCS1 vehicles. The company is installing a Magic Dock built-in CCS1 adapter to its Superchargers and will install many new CCS1-compatible Superchargers to get access to federal subsidies. The announcement comes at a time when the industry might switch from CCS1 to NACS, following Ford's and General Motors' announcement to use NACS in the future.