President-elect Donald J. Trump is expected to roll back many of the rules and subsidies that have attracted billions of dollars from the private sector to renewable energy and electric vehicles.
Category: Tax Credits, Deductions and Exemptions
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How a Consulting Firm and Trump’s I.R.S. Pick Pushed a Problematic Tax Credit
Billy Long worked with Lifetime Advisors, a company that solicited clients to claim a pandemic-era tax credit that the I.R.S. said became a magnet for fraud.
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I.R.S. to Send Out Unclaimed Tax Credit to One Million Taxpayers
Some Americans who qualified for a pandemic-era tax credit but did not claim it will get up to $1,400 in their account within the next month.
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Musk’s Foundation Gave Away Less Money Than Required in 2023
Private foundations must donate 5 percent of their assets every year. Elon Musk’s enormous charity missed that standard for three consecutive years.
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Tax Cuts Were Top of Mind at the Tax Foundation’s Annual ‘Prom’
Republican control of Washington and a tax bill next year have corporate America excited — and on edge.
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Billy Long Promised Huge Tax Refunds. Now Trump Wants Him to Lead the I.R.S.
Since leaving Congress in 2023, Billy Long has peddled a pandemic-era tax credit that the I.R.S. has warned is a magnet for fraud.
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How Trump Could Upend Electric Car Sales
Fewer people will be able to afford electric cars and trucks if President-elect Donald J. Trump and Republicans in Congress eliminate a $7,500 federal tax credit.
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Automakers Want Trump to Keep Federal E.V. Regulations in Place
Donald J. Trump promised to erase Biden tailpipe rules that are designed to get carmakers to produce E.V.s. But Detroit wants to keep them.
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Trump Promised Sweeping Economic Changes. Can Republicans Turn Them Into Law?
Republicans are juggling complex political and tactical questions as they plan their congressional agenda next year.
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Trump’s Win Shows Limits of Biden’s Industrial Policy
Long-term economic investments in domestic manufacturing were overshadowed by real-time anxiety over rent and grocery prices.