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.
Category: Tax Credits, Deductions and Exemptions
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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.
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Filmed in New York, Hold the Taxis and Radiators
When independent movies like “Rosemead” travel to a state for tax incentives, they save money but add creative challenges.
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Trump’s Plans Could Increase U.S. Debt While Raising Costs for Most Americans
A new analysis finds that Vice President Kamala Harris and former President Donald J. Trump’s plans would both add to the deficit, but Mr. Trump’s proposals could create a fiscal hole twice as big.
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E.V. Tax Credits Are a Plus, but Flaws Remain, Study Finds
The Inflation Reduction Act was a compromise between competing priorities. Evaluating the law on the effectiveness of the $7,500 tax credit for E.V.s is tricky.
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Trump’s Plans Could Increase U.S. Debt While Raising Costs for Most Americans
A new analysis estimates that the former president’s proposals could grow deficits by as much as $15 trillion over a decade.
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How States Are Enticing Employers to Help Their Workers Save for College
With college costs high, at least eight states now offer tax credits or deductions for employers that contribute to workers’ 529 accounts.
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Ohio Reaps Benefits From a Climate Law JD Vance Repeatedly Attacks
Former President Donald J. Trump has called for clawing back unspent funds included in the Inflation Reduction Act, President Biden’s landmark climate bill. That could have adverse impacts in Ohio.
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Critics Fear Tax Subsidies for Carbon Capture Won’t Be Checked
Some activists are questioning whether the federal government can accurately verify a tax program for facilities that store planet-warming gases.
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Is It Better to Buy or Lease a Car? It Depends.
The lowest overall cost is to buy a car and keep it for a long time. But leasing usually has lower monthly costs. And leasing an E.V. may come with a tax break.
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Trump’s Proposal to End Taxes on Overtime Pay Could Cost Billions
The former president left many key details about the overtime plan unaddressed, including whether the exception would apply to the payroll taxes that fund Social Security and Medicare.