The U. S. is offering some sweet deals on car tax credits, but you need to act fast. If you're in the market for an electric vehicle, there are two main credits to consider. The first is the Inflation Reduction Act credit from the Biden administration, which gives you up to $7, 500 off a new electric or fuel-cell vehicle. But this credit is set to expire on September...
The clock is ticking for those looking to buy an electric vehicle. A recent law passed by Congress has set a deadline: September 30, 2025. After this date, the popular $7, 500 federal tax credit for new EVs will be no more. Initially, there were talks of a six-month grace period, but the final law cut this short. This law is part of a bigger plan to reshape the Amer...
The Republican Party is pushing to end tax credits for electric vehicles sooner than planned. This move could make Tesla's cars much more expensive in the U. S. The tax credit currently gives buyers up to $7, 500 off the price of an EV. The House of Representatives initially wanted to keep this credit until the end of the year. But now, the Senate wants to cut it off...
The Senate is currently debating a massive tax and spending bill that could bring an unexpected and swift end to electric vehicle (EV) tax credits. This draft proposes a unified end date of September 30th, which is much earlier than the House's proposed timeline of late 2025 or 2026 for different automakers. The bill is still a work in progress. The Senate is voting...
The Senate Republicans are making significant changes to a major bill that could greatly impact the country's future. This bill is a key part of President Trump's plans for his second term. The Senate Finance Committee recently released the details of this bill, which includes adjustments to Medicaid and tax credits for clean energy. The goal is to prevent a massive ...
The United States is experiencing some significant economic shifts. The country's leader has decided to double the tariffs on imported steel and aluminum. This means that the tax on these materials will go from 25% to 50%. The goal? To protect jobs in the domestic steel and aluminum industries. However, this move has its critics. They argue that it will make things m...
The latest tax and spending plan from House Republicans is a big deal. It's packed with changes that could shake up consumers' finances. However, there's a glaring omission that has health care advocates raising eyebrows. The "One Big Beautiful Bill Act" does not include an extension of the enhanced insurance premium tax credits under the Affordable Care Act (ACA). T...
The electric vehicle industry is buzzing with news of Tesla's upcoming budget-friendly car. This new model is set to hit the market in the first half of 2025, offering a significant price drop compared to the current base Model 3. The new vehicle is expected to be priced at around $30, 000, including federal tax credits. Without these credits, the price would jump to...
The recent victory in Texas marked a significant milestone in the school choice movement. President Trump's push for school choice has led to the largest expansion in U. S. history. However, there are concerns about the potential pitfalls of federal involvement in education. Some proposals, like the Educational Choice for Children Act, could inadvertently strengthen ...
The end of tax season and the start of the federal budget reconciliation process present a significant chance for Congress to boost support for millions of American families. This opportunity comes in the form of expanding and strengthening the Child Tax Credit. With many families struggling to cover basic needs, this move could provide much-needed relief and stabili...