Cadillac is back and selling a surprising number of electric vehicles in the US. With a full lineup of electric SUVs, Cadillac now claims to be the leading luxury EV brand in the US. Can it keep it up even after the $7,500 federal tax credit expires? After launching seven new electric vehicles this year, GM claimed that Cadillac became …
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The rich are different from other people — and that also applies to the share of their income they pay in taxes, according to a new study from University of California, Berkeley, economists. The individuals who make up the Forbes 400 list, topped by Tesla CEO Elon Musk with a fortune of $244 billion, paid an average effective tax rate of …
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Digital taxes are “designed to harm, or discriminate against, American Technology,” Trump said in a post on his social network, Truth Social. However, the ministry said in the remarks, the Polish digital tax would not be “aimed at entities from any specific country.” “It is intended to apply to all relevant market participants.” As it stands, Warsaw intends to introduce …
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The IRS has updated the terms of the phase-out of the federal tax credit for electric vehicles to give buyers a little more time to secure the $7,500 tax credit. Trump’s ‘Big Beautiful Bill’ set a deadline of September 30th to end the $7,500 tax credit for new electric vehicles and the $4,000 credit for used ones. It looked clear …
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As Democratic state lawmakers last week briefed their colleagues on measures ending or cinching tax loopholes and breaks as part of an effort to plug a roughly $750 million hole in the state budget, they kept repeating a variation of the same line: We could be doing more. “This is not good tax policy,” state Rep. Emily Sirota, D-Denver, told …
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Tesla is considering making a big move with Model Y pricing as demand is skyrocketing due to the EV tax credit expiring in just over a month. With the $7,500 EV tax credit set to be removed on September 30, Tesla is experiencing increased demand for its Model 3 and Model Y. Customers are doing whatever they can to take …
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The cooler weather on Saturday did nothing to bring down the temperature inside the Colorado State Capitol, where tempers flared on day three of a special legislative session. Gov. Jared Polis called the legislature back to work to close a $750 million budget shortfall after President Trump’s “Big Beautiful Bill” lowered taxes and, in turn, lowered revenue to the state. The …
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A selection of Kia EV6 sedans, which are fully electric vehicles, are displayed at a dealership, Friday, July 18, 2025, in Manchester, N.H. Charles Krupa/AP hide caption toggle caption Charles Krupa/AP The clock is ticking on the federal EV tax credit for electric vehicle purchases, worth up to $7,500. The One Big Beautiful Bill Act eliminated the credit, which expires …
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U.S. President Donald Trump presents a sweeping spending and tax legislation, known as the “One Big Beautiful Bill Act,” after he signed it, at the White House in Washington, D.C., U.S., July 4, 2025. Leah Millis | Reuters S&P Global said it expects “meaningful” federal government revenue from President Donald Trump‘s broad tariff policies to “generally offset weaker” revenue expected …
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The Treasury Department and IRS released guidance on what is considered beginning construction for clean energy projects trying to qualify for tax credits, generally nixing a prior guideline on investing 5% to qualify. Developers have long relied on IRS notices to define the starting point of construction to qualify for the energy tax credits from the Biden-era tax-and-climate law. There …
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