Over the past two decades, more than 5 million U.S. households from California to Georgia to Maine have put solar panels on their roofs, drawing energy from the sun and reducing their electric bills. But that could soon come to a crashing halt. The big domestic policy bill passed by House Republicans last month would,…
Several of the proposals that House Republicans have outlined in their expansive tax bill have drawn concern from the public and within the party itself. But one tax cut provision within the House majority’s plan is receiving an unusual level of public, bipartisan approval — a rule to eliminate federal income taxes on tips. “No…
The strategy is an old one for Republicans: Cut taxes for a few years, avoiding the need to account for their cost over the long term, and bet that the reductions become popular enough that Congress will later vote to continue them. The tax bill that Republicans are now putting together on Capitol Hill takes…
Sales of electric vehicles have been rising in recent years, partly because of a $7,500 tax credit from the federal government that helps lower the cost of buying one. But a budget bill that House Republicans released on Monday would end that tax credit. Their proposal would also put new restrictions on other tax breaks…
At least 24 factories have been set up in the United States to produce electric cars that qualify for the credit, including a Ford plant making plug-in hybrids in Louisville, Ky., and a General Motors battery plant in Ohio, according to a study from Atlas Public Policy, a research firm. Near Savannah, Ga., Hyundai invested…
Gerhard Randers-Pehrson, an 81-year-old resident of Ossining, N.Y., believes the $10,000 cap should go up — but not too much. While Mr. Randers-Pehrson, a retired research scientist, said he paid $16,000 in state and local taxes last year, he does not expect to personally benefit from a higher cap. He would take the standard deduction…
The show’s producer, Jonathan Nolan, has put himself at the forefront of Hollywood’s push to get California to approve $750 million in tax rebates. Source link
President Trump said he would impose a 100 percent tariff on movies “produced” outside the United States, proclaiming in a social media post on Sunday that the issue posed a national security threat. Mr. Trump said he had authorized Jamieson Greer, the United States Trade Representative, to begin the process of taxing “any and all…
Gov. Kathy Hochul on Monday announced the framework of a roughly $254 billion state budget agreement, ending a monthlong stalemate over public safety issues that the governor had insisted on including in the fiscal plan. The budget deal, which will now go to the Legislature for a full vote, includes changes to make it easier…
The Internal Revenue Service is weighing whether to revoke Harvard’s tax exemption, according to three people familiar with the matter, as the Trump administration and Harvard remain locked in a dispute over demands that the university make changes to its hiring, admissions and curriculum policies. President Trump has called publicly for the Ivy League university…