Congressional Budget Office projections released on Wednesday said a growing economy and recent spending cuts had slowed deficits.
Category: Tax Credits, Deductions and Exemptions
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Tax Bill Moves Forward, but Election-Year Politics Threaten Its Chances
Republicans planned on Wednesday to push a $78 billion bipartisan tax bill through the House. The effort is a test of whether a dysfunctional Congress can pass major legislation in an election year.
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Global Economy Is Heading Toward ‘Soft Landing,’ I.M.F. Says
The International Monetary Fund upgraded its growth forecasts and offered a more optimistic outlook for the world economy.
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Electric Vehicle Charging Tax Credits Will Be Available in Much of Country
Biden administration officials opted to make a broad set of locations eligible for the tax credits, covering much of the country outside of major cities.
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What’s in the New Tax Deal?
Budget watchdogs warn that temporary changes to the tax code that are being debated on Capitol Hill will lead to more deficits in the long run.
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Lawmakers Strike Tax Deal, but It Faces Long Election-Year Odds in Congress
A $78 billion package to revive an expansion of the child tax credit and expired business breaks has drawn bipartisan support in the House and Senate.
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Flush With Investment, New U.S. Factories Face a Familiar Challenge
Worries are growing in Washington that a flood of Chinese products could put new American investments in clean energy and high-tech factories at risk.
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As Utility Bills Rise, Low-Income Americans Struggle for Access to Clean Energy
The Biden administration has deployed various programs to try to increase access to clean energy. But systems that could help lower bills are still out of reach for many low-income households.
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Tesla Sales Rebound After Steep Price Cuts
The leading electric-vehicle maker also drew buyers eager to take advantage of government incentives that will be harder to get in 2024.
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Fewer Electric Vehicles Will Qualify for U.S. Tax Credits in 2024
Purchases of popular models like the Tesla Model 3 and the Ford Mustang Mach-E may no longer entitle buyers to tax savings because the cars do not meet tougher sourcing requirements.
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Clean Energy Tax Credits Leave the Door Open to Chinese Investment
The Treasury Department pledged to carefully scrutinize foreign investments in the United States for national security threats.