New Rules Will Make Many Electric Cars Ineligible for Tax Credits
Posted inBatteries Biden, Joseph R Jr China Electric and Hybrid Vehicles Europe European Union Factories and Manufacturing Ford Motor Co General Motors Global Warming Greenhouse Gas Emissions Hyundai Motor Co Inflation Reduction Act of 2022 International Relations International Trade and World Market Japan Lithium (Metal) Metals and Minerals Tax Credits, Deductions and Exemptions Tesla Motors Inc United States United States Politics and Government

New Rules Will Make Many Electric Cars Ineligible for Tax Credits

The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials.
Biden and E.U. Leader to Discuss Ukraine and Trade Spat
Posted inBiden, Joseph R Jr China Electric and Hybrid Vehicles Europe European Commission European Union Inflation Reduction Act of 2022 International Trade and World Market Russia Russian Invasion of Ukraine (2022) Tax Credits, Deductions and Exemptions Ukraine United States International Relations United States Politics and Government von der Leyen, Ursula

Biden and E.U. Leader to Discuss Ukraine and Trade Spat

President Biden and the European Commission president are set to discuss how to effectively counter Russia and a potential trade deal for electric vehicles.
Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes
Posted inBiden, Joseph R Jr Federal Budget (US) High Net Worth Individuals National Debt (US) Tax Credits, Deductions and Exemptions Taxation United States Economy United States Politics and Government

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes

The president proposed trillions of dollars in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on business and the rich