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$7,500 EV tax credit is on Trump’s chopping block
Donald Trump Deals a Blow to EV Tax Credits
Good morning. Automakers slump amid Donald Trump’s plans to repeal an electric vehicle subsidy. ESG investing is entering rough seas. And a missing Patek Philippe owned by John Lennon is headed back to its rightful owner: Yoko Ono.
Exclusive-Trump's transition team aims to kill Biden EV tax credit
President-elect Donald Trump's transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters.
EV makers slide on report Trump wants to scrap EV tax credit
Trump's transition team is looking to do away with the $7,500 tax credit for EV sales as part of broader tax reform legislation, Reuters reported.
Rivian, Tesla slide on report Trump plans to nix EV tax credit
Repealing the subsidy - a major component of President Joe Biden’s Inflation Reduction Act - would deal a significant blow to EV adoption in the U.S.
Tesla and Other EV Stocks Drop on Reports Trump Team Plans To Kill Tax Credit
Key Takeaways Shares of Tesla and other electric vehicle makers fell Thursday after a report President-elect Donald Trump and his transition team are planning to end a $7,500 EV tax credit.Tesla told the Trump team that it supports ending the subsidy,
The $7,500 EV tax credit is on Trump’s chopping block
Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act. Now, it seems President-elect Donald Trump’s transition team has made that a priority with plans to end the tax credit as part of broader tax reform legislation,
Trump Reportedly Wants To Kill $7,500 EV Tax Credit, And Tesla Might Be Cool With It
A new report suggests that President Trump will attempt to scrap the $7,500 EV tax credit when he returns to the White House next year. Tesla is said to back the move, with its CEO, Elon Musk, being a huge Trump supporter.
Trump's transition team seeks to abrogate Biden's EV tax credit: Reuters
U.S. President-elect Donald Trump's transition team is aiming to end a tax credit for electric vehicle (EV) purchases, a key element of President Joe Biden's Inflation Reduction Act (IRA), as part of broader tax reform legislation,
Sotheby, Tax Fraud
Sotheby's Settles New York Tax Fraud Case, Pays Damages
Thursday's settlement resolves claims that Sotheby's let at least eight clients cheat New York state from 2010 to 2020 by using "resale certificates" that falsely portrayed them as art dealers entitled to tax exemptions,
Sotheby’s Settles Tax Fraud Lawsuit for $6.25 Million
New York’s attorney general said in a lawsuit that the auction house had helped collectors avoid tax payments on art purchases.
Sotheby’s Pays $6 Million to Settle NY Sales Tax Evasion Probe
Sotheby’s Inc. agreed to pay $6.25 million to settle a New York state lawsuit that accused it of advising wealthy clients they could avoid sales taxes by falsely claiming they were buying art for resale purposes.
CNET on MSN
2h
What the 2024 Election Results Mean for the Child Tax Credit
Studies indicate that the 2021 temporary increase of the credit had a significant impact on childhood poverty. Columbia ...
2h
on MSN
Proposed 2025 budget calls for lowest Naperville property tax rate in 56 years
The average taxpayer in Naperville could see a $31 decrease in the city portion of their 2025 tax bills as the city eyes ...
1h
Chicago Council Rejects Mayor’s $300 Million Property-Tax Hike
The Chicago City Council on Thursday rejected Mayor Brandon Johnson’s plan to raise property taxes by $300 million that would ...
2d
on MSN
These tax cuts will go away without action by Congress and Trump
President-elect Donald Trump pledged to renew the tax cuts that he enacted in his first term, but keeping them around could ...
2d
Trump’s plans to extend tax cuts and slash red tape will likely spur economic growth — but there’s a cost
Extending those tax cuts from his first term will put serious strain on the national debt, which is currently at ...
1d
Lake County tax sale ordinance repeal moves on to Commissioners
The Lake County Council gave final approval to repeal the county’s current tax sale ordinance to create a new one with an ...
1d
China unveils tax incentives to revive struggling property sector
China on Wednesday unveiled tax incentives to support the ailing property sector, which will take effect from Dec. 1 this ...
11h
Badenoch presses Starmer on National Insurance and council tax at PMQs
The Tory leader asks the PM if he will keep the cap on council tax after announcing new climate targets which she says will ...
The Economist
8h
America Inc is hoping for a tax bonanza. It may be disappointed
The crowning legislative achievement of Mr Trump’s first term was the Tax Cuts and Jobs Act (TCJA) of 2017, which lowered ...
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