Since their party swept to power, Republicans have entertained visions of an all-inclusive tax cut — one that could permanently lower rates for individuals, shower corporations with new incentives and deliver President Trump’s sprawling suite of campaign promises. If only it were so easy. House Republicans are preparing to adopt a budget plan that puts […]
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We’ve got a whirlwind of news out of Washington — the carried interest tax exemption in the cross hairs, the latest on DOGE and an update on settlement talks between CBS and President Trump — but you should also pay attention to this news out of Washington State. Amazon said it planned to spend $100 […]
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In a suburb about an hour north of New York City, a former dairy farm is now producing solar energy. Some of the people who will benefit live nearby, while others are dozens of miles away in Yonkers, which borders the Bronx, or in Downtown Brooklyn. The 20-acre farm, in Yorktown, N.Y., is part of […]
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Even before the devastating wildfires, Hollywood was struggling. Squeezed by studio cutbacks and competition from other states and countries, film and television production in the Los Angeles region had already fallen to a near-record low last year, imperiling the livelihoods of not just casts and crews but also the caterers, drivers and many others who […]
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President Trump was supposed to cap his first week since returning to the White House with a speech on Saturday in Las Vegas about an economic plan that he suggested was crucial to his election win. But despite the massive sign by the stage stating “NO TAX ON TIPS,” any details on how he would […]
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Top Republicans are passing around an extensive menu of ideas to cover the cost of a massive tax cut and immigration crackdown bill. They could create a 10 percent tariff on all imports, bringing in an estimated $1.9 trillion. They could establish new work requirements for Medicaid recipients, bringing in $100 billion in savings. They […]
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In its heyday in the mid-20th century, the steel mill in Weirton, W.Va., employed 13,000 people and offered workers a relatively stable blue-collar life. In 2003, Weirton Steel filed for bankruptcy. Shops downtown boarded up their windows, and young people moved away from the declining Appalachian town. Weirton’s prospects were turning around in May 2023 […]
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When House Republicans gathered behind closed doors on Capitol Hill last week to hash out their plans for cutting taxes, Representative David Schweikert, an Arizona Republican, sounded a note of caution. The United States’ fiscal problems were at risk of spiraling out of control, Mr. Schweikert told his colleagues. He warned that investors on Wall […]
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Gov. Kathy Hochul of New York unveiled on Tuesday a $252 billion executive budget that seemed intended to appease New Yorkers dissatisfied with the rising cost of living rather than to address President Trump’s policies that may hurt the state. The proposed budget includes funding for about $1 billion in middle-class tax cuts, $3 billion […]
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If President Trump has his way, the auto industry’s transition to electric vehicles will soon slam into reverse. He will erase tax credits for electric vehicle purchases, federal grants for chargers, and subsidies and loans to help retool assembly lines and build battery factories. Executive orders issued by Mr. Trump on Inauguration Day amount to […]
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Seven years ago, when Republicans passed the most significant overhaul of the tax code in a generation, they were sure the law would supercharge investment, raise wages and shift the American economy into a higher gear. So did it? The answer, at least for now, is largely lost to history. A pandemic and a surge […]
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On the day after Doug Burgum became governor of North Dakota in 2016, he addressed questions about what he would do about all of his wealthy investments. They included extensive real estate developments benefiting from state programs that he was suddenly in a position to oversee. His answer was that he would “manage” his conflicts […]
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In her fourth State of the State address, Gov. Kathy Hochul of New York laid the foundation for her re-election message, hoping to connect with disaffected Democrats who voted against the party in the last presidential election and to woo them back as she stares down a tough fight for a second term. During a […]
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Gov. Kathy Hochul of New York proposed slashing the state’s income tax for most residents as part of a sweeping populist agenda that she planned to outline in her State of the State address on Tuesday. The speech revolved around a series of proposals, which Ms. Hochul has called her “affordability agenda,” designed to court […]
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As Gov. Kathy Hochul of New York prepares to deliver her State of the State address on Tuesday, her priorities seem firmly focused on the voter frustrations that fueled Donald J. Trump’s election to the presidency in November. Over the last month, Ms. Hochul has announced proposals to cut taxes for parents, make school lunch […]
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President-elect Donald J. Trump reiterated his support for undoing a major provision of his 2017 tax law on Saturday when he told more than a dozen House Republicans at his Florida estate to come up with a plan for increasing the state and local tax deduction, according to four lawmakers who attended. Republicans put a […]
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To a large extent, the electric vehicle market in the United States runs on Democratic policies. There are federal tax credits for car buyers. Subsidies for battery manufacturing. Cheap loans to build electric car factories. Grants for chargers. Regulations that push automakers to sell more vehicles with no tailpipe emissions. All of that support — […]
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Republicans are preparing to cut taxes, slash spending and slow immigration in a broad agenda that will require unifying an unruly party behind dozens of complicated policy choices. For now, though, they are struggling with a more prosaic decision: whether to cram their policy goals into one bill or split them into two. It is […]
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In the lead-up to the November election, President-elect Donald Trump threatened to “terminate” President Biden’s signature climate law, the Inflation Reduction Act, calling it the “Green New Scam.” Whether or not he kills the law, he is committed to slowing America’s transition from fossil fuels to clean energy — and few Americans seem concerned. Recent […]
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The Biden administration on Friday made final its long-awaited plan to offer billions of dollars in tax credits to companies that make hydrogen, in the hopes of building up a new industry that might help fight climate change. When burned, hydrogen mainly emits water vapor, and it could be used instead of fossil fuels to […]
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