United States : The Inflation Reduction Act: Here’s what’s in it The Inflation Reduction Act contains $500 billion in new spending and tax breaks that aim to boost clean energy, reduce healthcare costs, and increase tax revenues. The US Department of Energy’s Loan Program Office will receive roughly $12 billion to expand its existing loan authority by tenfold and create a new loan program capped at $250 billion to upgrade, repurpose, or replace energy infrastructure.
The US economy - $26.8 Trillion - $500B is around 1.9% Au economy - $2.2 Trillion - 1.9% is $41.8B Australia has superannuation inflows of $141B per year.
Clever financial people could look at the above & come up with innovative ways to encourage superannuation funds into investing into building Australia's critical mineral value add supply chains were the Australian government to step up to the plate matching the US 1.9% of GDP commitment.
TVN Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
