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.
Category: Tax Credits, Deductions and Exemptions
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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.
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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.
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A Corporate Minimum Tax Aimed at Closing ‘Loopholes’ Leaves Gaps
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.
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Poverty Increased in 2023 as Prices Rose and Pandemic Aid Programs Expired
More faced hardship in the United States last year, the Census Bureau said, as inflation and the end of subsidies outweighed higher incomes.
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Harris Economic Plan Focuses on Prices, a Key Vulnerability
Vice President Kamala Harris has been balancing the challenges of defending “Bidenomics” and charting her own course on the economy.
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Tax Policy Becomes a Fault Line for Harris
The vice president is relying on tax proposals as a way to show she is different from both President Biden and her Republican rival, Donald Trump.
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Harris and Trump Have Differing Plans to Solve Housing Crisis
The two presidential nominees are talking about their approaches for solving America’s affordability crisis. But would their plans work?
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Harris and Trump Have Differing Plans to Solve Housing Crisis
The two presidential nominees are talking about their approaches for solving America’s affordability crisis. But would their plans work?
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Trump and Harris Embody a Stark Partisan Divide on Fighting Poverty
The two presidential candidates can both point to records of pushing poverty rates down, but their approaches could hardly be more different.