tax Credit

Senator Ted Cruz Reintroduces ‘No Tax on Tips Act’

On January 16, 2025, Senator Ted Cruz (R-TX) reintroduced the bipartisan "No Tax on Tips Act," aiming to exempt gratuities from federal income taxation.

Ford’s X Account Reportedly Hacked, Calls Israel a ‘Terrorist State’

The official X account for Ford Motor Company was reportedly compromised on Monday, resulting in the posting of inflammatory messages, including one labeling Israel a "terrorist state."

Ford Donates $1 Million, Vehicles to Trump Inauguration

Ford Motor Co. announced Monday it is donating $1 million and a fleet of vehicles to support President-elect Donald Trump's upcoming January inauguration.

Hawley Seeking $5K Child Tax Credit

Senator Josh Hawley (R-MO) is seeking to increase the size of child tax credit by 150%, raising it from $2,000 to $5,000.

California Approves $1.4 Billion Plan for More EV Charging Stations

The California Energy Commission approved a $1.4 billion plan to create more chargers for electric vehicles (EVs). The policy would result in an estimated 17,000 new chargers.

Biden Admin Pushes $7 Billion Loan for EV Battery Plants in Indiana

The Biden administration announced a $6.85 billion loan on Monday to build two electric vehicle (EV) battery plants in Kokomo, Indiana.

Newsom Proposes Doubling Tax Credit Program for Hollywood

California Governor Gavin Newsom (D) announced a proposal that would double the size of a tax credit program supporting Hollywood.

Trump Introduces New Tax Credit Policy Proposal

Former President Donald Trump introduced a new policy proposal during his rally at Madison Square Garden.

Bipartisan Effort Leads to Legislation Blocking Tax Credits for Chinese-Made EV Components

On Thursday, the House passed a bill aimed at prohibiting electric vehicles made with components and minerals from China from benefiting from U.S. government incentives.

Harris Faces Criticism for Lack of Specifics in Presidential Vision

In her first appearance as the Democratic nominee on a CNN interview Thursday night, Vice President Kamala Harris found it a challenge to define her immediate actions if she were to become president this election season.

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