The Treasury Department estimates that a new law requiring big companies to pay a 15 percent tax will raise $250 billion from large corporations over the next 10 years.
Category: Inflation Reduction Act of 2022
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Trump Campaign Stokes China Fears to Lure Michigan Voters
JD Vance, the Republican vice-presidential nominee, waded into a fight over plans by Gotion, a Chinese battery plant, to build a factory in Michigan.
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U.S. Unveils Price Limits for 10 Costly or Common Medications
The Biden administration said it would have saved $6 billion had the new prices been in effect last year.
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U.S. to Announce Prices for First Drugs Picked for Medicare Negotiations
The Biden administration said it would have saved $6 billion had the new prices been in effect last year.
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Will Billions More in New Aid Save Family Farms?
The Biden administration aims to better support small farmers while still aiding big operations and rewarding climate-friendly practices. It’s a tall order.
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Federal Money Is All Over Milwaukee. Biden Hopes Voters Will Notice.
White House officials have barnstormed Wisconsin to make the connection between big changes and their signature laws.
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What Tesla’s Troubles Signal for the Electric Vehicle Market
The carmaker’s disappointing results point to slowing demand and a “sharp deterioration in growth” that extends beyond Elon Musk’s company.
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Yellen to Warn China Against Flood of Cheap Green Energy Exports
The Treasury secretary, who plans to make her second trip to China soon, will argue that the country’s excess industrial production warps supply chains.
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Biden, Promising Corporate Tax Increases, Has Cut Taxes Overall
President Biden has called for $5 trillion in new taxes on corporations and high earners. But his record so far is as a net tax cutter.
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Biden’s Climate Law Has Created a Growing Market for Green Tax Credits
New Treasury Department data shows companies have registered 45,500 projects for possible sale on a new tax-credit marketplace.
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Biden’s Climate Law Has Created a Growing Market for Green Tax Credits
New Treasury Department data shows companies have registered 45,500 projects for possible sale on a new tax-credit marketplace.