Article Summary – Former President Donald Trump has proposed to make expiring provisions of his 2017 tax law permanent and introduce major new tax cuts for the wealthiest individuals and corporations. However, his previous tax cuts have resulted in increased national debt without fulfilling pledges to cut tax rates for
Article Summary – US President Joe Biden has raised tariffs on some imported goods from China, including steel, aluminium, semiconductors, and various other products. The move is aimed at curbing China’s unfair trade practices which Biden says have pushed other manufacturers out of business and caused job losses in the
Article Summary – The White House is increasing tariffs on several imports from China, including battery parts, natural graphite, permanent magnets, and certain critical minerals, in an attempt to protect American workers and businesses from China’s “unfair trade practices”. This includes increasing solar cell tariffs from 25% to 50%, EVs
Article Summary – President Biden’s Inflation Reduction Act offers tax credits to lower the cost of installing clean energy technologies and housing costs by reducing monthly energy bills. Several states are set to launch home energy rebate programs, helping low- and middle-income families acquire cost-saving electric appliances and make energy
Article Summary – President Joe Biden highlighted the benefits of his Inflation Reduction Act during a speech in West Columbia, South Carolina, emphasizing that no Republicans in Congress had voted for the landmark climate law. The Act includes provisions for green tax credits for companies developing renewable energy infrastructure, and
Article Summary – The US government has pledged $60 million to projects aimed at increasing the resilience of the Rio Grande river to climate change and growing pressures. The move marks the first disbursement from the Inflation Reduction Act for a basin outside of the Colorado River system. Measures will
Article Summary – White House Council of Economic Advisers Chair Lael Brainard stated that the sustainable energy provisions of the 2022 Inflation Reduction Act (IRA) would be difficult for Republicans to reverse, even if they win majorities in the general election. The IRA includes tax credits and deductions for clean
Article Summary – In 2017, Foxconn promised to build a $10 billion TV screen manufacturing plant in Mount Pleasant, Wisconsin, pledging 13,000 jobs, but instead left only a few buildings and 1,000 workers on the 1,200-acre property. The community has gained new hope with Microsoft’s plan to invest $3.3 billion
Article Summary – Donald Trump and his Republican allies are proposing to extend the individual, business, and estate tax provisions of their 2017 tax law. According to the nonpartisan Congressional Budget Office, this would add $4.6 trillion to the national debt over the first 10 years. However, Joe Biden and
Article Summary – The U.S. Treasury Department and the Internal Revenue Service (IRS) have released the final rules on clean vehicle provisions of the Inflation Reduction Act (IRA), with the Department of Energy providing guidance on battery manufacturing issues. The rules, which include stipulations on taxpayer and vehicle eligibility for
Article Summary – Vice President Kamala Harris announced that the Biden administration would provide $5.5 billion for housing-related projects across the US, aimed at expanding affordable housing, combating homelessness, supporting people with HIV/AIDS needing housing, and housing for people recovering from substance abuse. The funding will be used to build
Article Summary – Vice President Kamala Harris announced the Biden administration will provide $5.5 billion in funding for housing-related projects across the United States. The funds will be used to expand affordable housing, address homelessness, support people with HIV/AIDS needing housing, and provide housing for people recovering from substance abuse.
