News Muncher - category tax credits

3 weeks, 3 days ago

California plan that might cut Teslas from EV tax credit drives Elon Musk nuts

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. California’s potential plan would likely not include Musk’s cars because the program would be …

Tesla California Musk Elon Musk Inside Washington Washington Email Tax Credits

3 weeks, 6 days ago

Auto industry’s shift toward EVs is expected to go on despite Trump threat to kill tax credits

Associated Press

DETROIT — If President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases, it’s likely that fewer buyers will choose EVs. Trump’s argument — one that most economists dispute — is that a rapid U.S. shift toward electric vehicles would lead to most EVs being made in China and would swell prices for …

Tax Credit Tesla Congress Trump Vehicles Electric Vehicles

1 month, 1 week ago

Trump’s transition team aims to kill Biden EV tax credit in US: Report

Al Jazeera

Ending the tax credit would gravely affect EV transition in the US even as it would help Tesla beat competitors. US President-elect Donald Trump’s transition team is planning to kill a $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, Reuters news agency has reported, citing two sources with direct knowledge of the matter. Tesla CEO …

Tesla Congress Trump Team Transition Republican Biden

Trump promises more drilling in the U.S. to boost fossil fuel production

NPR

Trump promises more drilling in the U.S. to boost fossil fuel production NPR's A Martinez speaks with Brian Murray, of the Nicholas School of the Environment at Duke University, about President-elect Trump's promise to increase fossil fuel production. A MARTÍNEZ, HOST: President-elect Donald Trump wants to boost America's fossil fuel industry. MURRAY: Trump has said that he will reverse the …

Oil Congress Trump Wind Electric Vehicles Donald Trump Murray

1 month, 1 week ago

Trump’s win threatens US clean-energy boom

Live Mint

Donald Trump’s victory puts a skeptic of global warming back in the White House, triggering an about-face on climate policy that threatens to derail billions of dollars in clean-energy investment and slow a reduction in the nation’s emissions. Clean-energy companies are vulnerable because Trump has said he wants to repeal a 2022 Biden administration climate law that promised to channel …

Law Energy China Climate Tax Trump Power

1 month, 2 weeks ago

A push for school choice fell short in Trump’s first term. He may now have a more willing Congress

Associated Press

WASHINGTON — The election of Donald Trump returns an ally of school choice to the White House, this time with a Republican-controlled Senate — and potentially House — that could be more supportive of proposals that fizzled during his first term. Although proposals to expand private schooling suffered high-profile defeats in several states, Trump’s victory has brought new optimism to …

Education School Tax Money States Congress Trump

1 month, 2 weeks ago

Republicans grapple with messaging on Biden climate law

Politico

In one Virginia House race, Democrat Missy Cotter Smasal accused Republican Rep. Jen Kiggans of trying to have it both ways on a local offshore wind project. Kiggans gave a speech supporting the project, then “fell in line with her party bosses” to vote for legislation that would have slashed the IRA’s wind incentives, Cotter Smasal said during an October …

Law Energy Climate Tax Congress Party Democratic

2 months, 1 week ago

Letters to the Editor: America prospered when we had high taxes on high-income earners

LA Times

To the editor: I’m not an economist who can intelligently analyze all the data presented in “A conservative think tank says Trump policies would crater the economy — but it’s being kind.” But if you look at history starting in 1945, when taxes and the national debt were very high, and then think about all that we accomplished over the …

Tax Trump Policies Tax Credits

2 months, 2 weeks ago

Opinion: Where both presidential candidates’ tax promises go wrong

LA Times

Voters are understandably perplexed by Kamala Harris’ economic agenda, on which her campaign has offered little substance and little more than a string of vague promises. Her campaign is copying the Biden-Harris administration’s playbook of granting large tax credits and deductions to many special interests. He wants to cut income tax on tips, tax credits for family caregivers and an …

Tax Credit Trump Work Pay Prices Harris

3 months ago

How promises of a ‘post-Roe future’ have fallen short

CNN

CNN — Weeks after the Supreme Court struck down Roe v. Wade, a then-little-known Republican congressman from Louisiana introduced a short bill that proposed amending the Social Security Act to ensure child support payments be made for an “unborn child.” “The Unborn Child Support Act” has gone nowhere. Scattered efforts to take action Scattered efforts have been made toward what …

Women Abortion Rights Congress Legislation Child Democratic

3 months ago

Treasury rule would expand tax credits for installing electric vehicle chargers

Associated Press

WASHINGTON — The Biden administration is moving to clarify how homeowners and businesses can receive lucrative tax credits for installing electric vehicle chargers. The proposal announced Wednesday follows guidance issued in January that made tax credits for installing EV chargers available in about two-thirds of the country. “We appreciate the Treasury’s movement on this important incentive, which will help ensure …

Climate Tax Treasury Gore Biden Vehicle Businesses

3 months, 2 weeks ago

Trump vows to pull back climate law’s unspent dollars

Politico

Trump’s formal threat to the climate law will likely only underscore the urgency for the Biden administration to get money from the law out the door. He’s previously pledged to redirect unspent money for “important projects like roads, bridges, dams” and to ensure money is not spent on “meaningless Green New Scam ideas.” Trump said Thursday his plan would “cut …

Law Energy Congress Trump Funding Administration Harris

3 months, 3 weeks ago

Wealthier homeowners nab billions in tax credits for energy efficiency

Politico

More than $2 billion went to households earning over $200,000 a year. “It’s a lot of money for relatively low emissions reductions,” Patnaik, director of Brookings’ Center on Regulation and Markets, said of the energy tax credits. In response to E&E News’ findings, a Treasury Department spokesperson said that “the tax credits are largely benefitting the middle class,” adding that …

Energy Energy Efficiency Tax Data Congress Income Treasury

4 months ago

Biden-Harris climate law set off a green bonanza in Walz’s Minnesota

Politico

To help Minnesota reap the IRA’s benefits, Walz signed a law requiring utilities to provide 100 percent clean electricity in the state by 2040, loaded up state agencies with policy experts to win the federal cash, updated the state’s permitting rules to speed the buildout of green projects and pressed companies to hire local labor. “He’s taken dollars meant to …

Law Energy Climate States Democratic Projects Minnesota

4 months, 1 week ago

Editorial: The Inflation Reduction Act passed in 2022. Why are states lagging behind on energy rebates?

LA Times

American households have claimed more than $8 billion in federal Inflation Reduction Act tax credits to install climate-friendly upgrades such as solar panels and heat pumps. But programs to offer upfront rebates to help bring cleaner energy technology and appliances to low- and middle-income families still aren’t up and running in California and many other states. American households claimed more …

Energy Clean Energy Tax Heat California Act Solar Panels

4 months, 3 weeks ago

How a green fuel and Biden's climate law poisoned the South

Daily Mail

Wood pellets were supposed to be a green energy. After the European Union classified biomass as renewable energy in 2009, the Southeast's annual wood pellet capacity increased from about 300,000 tons to more than 7.3 million tons by 2017, say University of Missouri researchers. Federal energy statistics show about three dozen southern wood pellet manufacturing plants account for nearly 80 …

Energy Climate Change Europe Climate Plants Air Production

4 months, 3 weeks ago

Trump vs. Biden’s historic climate agenda

Politico

A limited number of forces might be in place to deter Trump. Besides seeking to repeal Biden’s programs outright, Trump could Here are some of the tools Trump could use to make his assault on Biden’s vision a reality — and the roadblocks he might face: What Trump could do quickly — Easy Rewriting tax rules A central plank of …

Energy Infrastructure Tax Money Congress Electric Vehicles Administration

4 months, 3 weeks ago

PA lawmakers incentivize builders to restore historic buildings

NPR

PA lawmakers incentivize builders to restore historic buildings Though Pennsylvania has a lot of historic sites, it has lagged behind other states in providing tax incentives to preserve and restore them. SCOTT DETROW, HOST: Pennsylvania is packed with historic properties dating back to colonial times, but for years, there had not been much state tax incentive for historic rehabilitation efforts. …

Pennsylvania Philadelphia Npr Waxman Tax Credits State Tax Moselle

4 months, 3 weeks ago

Wood pellets production boomed to feed EU demand. It’s come at a cost for Black people in the South

Associated Press

— This southern Mississippi town’s expansive wood pellet plant was so close to Shelia Mae Dobbins’ home that she sometimes heard company loudspeakers. “Nobody asked us could they bring that plant there.” Shelia Mae Dobbins holds part of her oxygen tube inside her home in Gloster, Miss., Wednesday, May 29, 2024. Krystal Martin, a Gloster native, shows pamphlets to residents …

Energy Europe Renewable Energy California South 2024 Miss

6 months ago

Biofuel groups envision ethanol-powered jets. But fueling the effort has not been easy

Associated Press

MENOKEN, N.D. — Some day, the passenger jets that soar 35,000 feet over Dan McLean’s North Dakota farm could be fueled by corn grown on his land and millions of other acres across the Midwest. Ethanol trade groups estimate that federal tax credits for sustainable aviation fuel, combined with the existing credit for renewable fuels, can provide between $1.85 and …

Aviation Industry Tax Sustainable Fuel Iowa Minnesota

6 months, 1 week ago

Is California’s film and TV tax credit in danger? Unions say so

LA Times

Eager to negotiate off the 2024 ballot a measure that would make it harder to raise taxes, unions are alleging that the initiative would end a California program that awards hundreds of millions of dollars annually in tax credits to television and film studios. The measure would have a “chilling effect on government’s ability to invest in services and infrastructure …

Film Credit Hollywood California State Vote Ballot

6 months, 2 weeks ago

With deadline nearing, Newsom and lawmakers disagree over solutions to California budget crisis

LA Times

Gavin Newsom in Sacramento on Jan. 10, 2024; Sen. Mike McGuire in Healdsburg on Jan. 26, 2024; and Assembly Speaker Robert Rivas in Sacramento on June 30, 2023. Gavin Newsom and Democrats in the state Legislature are working to settle their differences over access to public healthcare services, delaying minimum wage increases for workers and pausing tax credits for businesses …

Tax Budget Funding California Democrats State Billion

6 months, 4 weeks ago

New York will set aside money to help local news outlets hire and retain employees

New Indian Express

ALBANY, N.Y.: New York is offering up to $90 million in tax credits for news outlets to hire and retain journalists in an effort to help keep the shrinking local news industry afloat. New York’s three-year program allows some news organizations to tap into refundable tax credits each year, with a single outlet able to receive tax credits of up …

Tax California New York State News Outlets Tax Credits Media Organizations

7 months ago

New York will set aside money to help local news outlets hire and retain employees

Associated Press

ALBANY, N.Y. — New York is offering up to $90 million in tax credits for news outlets to hire and retain journalists in an effort to help keep the shrinking local news industry afloat. New York’s three-year program allows some news organizations to tap into refundable tax credits each year, with a single outlet able to receive tax credits of …

Local News Journalism Tax Local Credit California New York

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Articles for Tax Credits

California plan that might cut Teslas from EV tax credit drives Elon Musk nuts

Auto industry’s shift toward EVs is expected to go on despite Trump threat to kill tax credits

Trump’s transition team aims to kill Biden EV tax credit in US: Report

Trump promises more drilling in the U.S. to boost fossil fuel production

Trump’s win threatens US clean-energy boom

A push for school choice fell short in Trump’s first term. He may now have a more willing Congress

Republicans grapple with messaging on Biden climate law

Letters to the Editor: America prospered when we had high taxes on high-income earners

Opinion: Where both presidential candidates’ tax promises go wrong

How promises of a ‘post-Roe future’ have fallen short

Treasury rule would expand tax credits for installing electric vehicle chargers

Trump vows to pull back climate law’s unspent dollars

Wealthier homeowners nab billions in tax credits for energy efficiency

Biden-Harris climate law set off a green bonanza in Walz’s Minnesota

Editorial: The Inflation Reduction Act passed in 2022. Why are states lagging behind on energy rebates?

How a green fuel and Biden's climate law poisoned the South

Trump vs. Biden’s historic climate agenda

PA lawmakers incentivize builders to restore historic buildings

Wood pellets production boomed to feed EU demand. It’s come at a cost for Black people in the South

Biofuel groups envision ethanol-powered jets. But fueling the effort has not been easy

Is California’s film and TV tax credit in danger? Unions say so

With deadline nearing, Newsom and lawmakers disagree over solutions to California budget crisis

New York will set aside money to help local news outlets hire and retain employees

New York will set aside money to help local news outlets hire and retain employees