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Trump, EV and Tax Credit
Rivian, Tesla slide on report Trump plans to nix EV tax credit
Repealing the subsidy - a major component of President Joe Biden’s Inflation Reduction Act - would deal a significant blow to EV adoption in the U.S.
EV makers slide on report Trump wants to scrap EV tax credit
Trump's transition team is looking to do away with the $7,500 tax credit for EV sales as part of broader tax reform legislation, Reuters reported.
Exclusive-Trump's Transition Team Aims to Kill Biden EV Tax Credit
Repealing the subsidy, which has been a signature measure of President Joe Biden's Inflation Reduction Act (IRA), is being discussed in meetings by an energy-policy transition team led by billionaire oilman Harold Hamm, founder of Continental Resources, and North Dakota Governor Doug Burgum, the two sources said.
Trump's transition team aims to kill Biden EV tax credit
President-elect Donald Trump's transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters.
Trump’s transition team plans to kill Biden’s EV tax credit
President-elect Donald Trump's transition team is planning to kill the $7,500 consumer tax credit for EV purchases as part of broader tax-reform legislation.
Louisiana House passes bill to lower personal income tax
House passes a bill eliminating tax provisions that harm some federal retirees
The House of Representatives on Tuesday passed, 327-75, legislation that would repeal Social Security’s windfall elimination provision (WEP) and government pension offset (GPO) — tax provisions that negatively impact some federal retirees’ annuity benefits.
Louisiana House passes bill to give income tax break
The Louisiana Legislature advanced a bill that would provide for an income tax cut for all workers in the state.
Louisiana House passes bill to give income tax cut to workers
The Louisiana Legislature advanced a bill that would provide for an income tax cut for all workers in the state. There is concern over how the state will make up the lost revenue.
Sotheby, Tax Fraud
Sotheby’s Settles Tax Fraud Lawsuit for $6.25 Million
New York’s attorney general said in a lawsuit that the auction house had helped collectors avoid tax payments on art purchases.
Sotheby's Settles New York Tax Fraud Case, Pays Damages
Thursday's settlement resolves claims that Sotheby's let at least eight clients cheat New York state from 2010 to 2020 by using "resale certificates" that falsely portrayed them as art dealers entitled to tax exemptions,
Sotheby’s Pays $6 Million to Settle NY Sales Tax Evasion Probe
Sotheby’s Inc. agreed to pay $6.25 million to settle a New York state lawsuit that accused it of advising wealthy clients they could avoid sales taxes by falsely claiming they were buying art for resale purposes.
The Economist
4h
America Inc is hoping for a tax bonanza. It may be disappointed
The crowning legislative achievement of Mr Trump’s first term was the Tax Cuts and Jobs Act (TCJA) of 2017, which lowered ...
2d
on MSN
These tax cuts will go away without action by Congress and Trump
President-elect Donald Trump pledged to renew the tax cuts that he enacted in his first term, but keeping them around could ...
Hosted on MSN
49m
Tesla and Rivian shares were having a good week. Concerns over the future of EV tax credits ended that.
Rivian Automotive Inc. shares dropped 12% on Thursday, their worst day in months, on heightened concerns the Trump ...
2d
Trump’s plans to extend tax cuts and slash red tape will likely spur economic growth — but there’s a cost
Extending those tax cuts from his first term will put serious strain on the national debt, which is currently at ...
20h
on MSN
Mississippi governor intent on income tax cut even if states receive less federal money
Mississippi Republican Gov. Tate Reeves says he will push lawmakers to phase out the state income tax, even if federal ...
Opinion
6h
on MSN
Opinion
Editorial: L.A. County voters agreed to another tax to reduce homelessness. Let's make sure it does
Los Angeles County voters' approval of Measure A is expected to provide more than $1 billion a year to support and house ...
9h
Pakistan’s Banks Get Relief From Court Against Government Tax
About a dozen banks in Pakistan have secured a temporary relief from the Islamabad High Court against a government tax on the ...
7h
Badenoch presses Starmer on National Insurance and council tax at PMQs
The Tory leader asks the PM if he will keep the cap on council tax after announcing new climate targets which she says will ...
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