tax Credit

Shocking Deal Ends Shutdown, Dems Flip Over ACA Showdown

Eight Democrats and independents joined Senate Republicans on Sunday to end the longest federal government shutdown in U.S. history after a deal was struck to secure a future vote on extending Affordable Care Act tax credits.

EV Tax Credit Expiration Sparks Tesla, Ford Frenzy

Tesla and Ford are racing against the clock as the federal electric vehicle tax credit is set to expire on September 30. The $7,500 incentive, which has helped drive EV adoption in recent years, is being eliminated under President Donald Trump’s newly passed “Big Beautiful Bill.” Automakers are scrambling to clear inventory before the deadline hits and prices rise.

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.

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