![Twitter avatar for @mattyglesias](https://substackcdn.com/image/twitter_name/w_96/mattyglesias.jpg)
The origins of the carry interest concept (which have nothing to do with finance) make it clear that it’s labor compensation.
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFYxfcc5XgAADlCu.jpg)
Huh, today I learned.
![Twitter avatar for @robinsonmeyer](https://substackcdn.com/image/twitter_name/w_96/robinsonmeyer.jpg)
NEW: The Manchin deal will cut emissions 31 to 44% below their all-time peak by 2030, compared to 24 to 35% under current policy, according to @rhodium_group.
“Put simply, the IRA has the potential to be the biggest climate action ever taken by Congress”
rhg.com/research/infla…
![A chart showing various US emissions pathways. Pathways under the Inflation Reduction Act are significantly below that of current policy.](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFYyutouWYAEVSDU.png)
The worst conditions if this IRA bill passes are about the same as the best case emissions without it. Plus the manufacturing jobs!
![Twitter avatar for @AlecStapp](https://substackcdn.com/image/twitter_name/w_96/AlecStapp.jpg)
Super low hanging fruit in immigration reform:
Switch the H-1B visa allocation from a lottery to a wage ranking.
Would remove uncertainty for immigrants and roughly double the GDP impact of the program.
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFYt7P51WIAEk7jU.jpg)
He also points out that you'd need to account for equity compensation.
Threads
• Thread from David Roberts with details from the IRA bill. (Including money to electrify the USPS fleet). Here's another shorter thread.