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.
Category: Tax Credits, Deductions and Exemptions
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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.
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Trump’s Energy Policies May Be a Mixed Bag for Oil Companies
The president-elect has promised to make it easier to build energy infrastructure and secure drilling leases. But higher production could hurt prices and profits.
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How Elon Musk Might Use His Pull With Trump to Help Tesla
Although Donald Trump has opposed policies that favor electric cars, if he becomes president he could ease regulatory scrutiny of Tesla or protect lucrative credits and subsidies.
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Can Harris’s Economic Plans Sway Small Business Owners to Vote Democratic?
Kamala Harris has leaned in with promises to aid start-ups, but proprietors are often more focused on taxes and regulations.
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California Governor Proposes $750 Million in Annual Film Tax Credits
Gov. Gavin Newsom wants to more than double the amount the state offers in incentives, which would make its program one of the nation’s most generous.
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The White House Bet Big on Intel. Will It Backfire?
A plan to revive U.S. chip manufacturing rests partly on a company that is firing workers and delaying factories, even as the government pushes for the opposite.
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Trump Tests Republican Appetite for Tax Cuts
Former President Donald J. Trump’s costly tax agenda undermines the changes he signed into law in 2017. Some Republicans are wary.
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Trump and Harris Both Like a Child Tax Credit but With Different Aims
Kamala Harris’s campaign is pushing a version of the credit intended to fight child poverty, while Donald J. Trump sees the program primarily as a tax cut for people higher up the income scale.