SpaceX officials have privately boasted to investors that a tax benefit signed into law by President Donald Trump means it may never have to pay federal income taxes, The New York Times reports. Trump signed the Tax Cuts and Jobs Act in 2017, allowing corporations to roll over their heavy losses, known as a carryback, indefinitely to skirt paying some …
Read More »WASHINGTON (AP) — The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare if Congress does not act, the nonpartisan Congressional Budget Office reported Friday. The CBO estimates that Medicare, the federal health insurance program for Americans over age 65, could potentially see as much as $491 billion in cuts from …
Read More »Heat trades Haywood Highsmith and pick to Nets to escape luxury tax. Here are the details Miami Herald Heat get under tax line, send Highsmith to Nets for pick ESPN Nets acquire Haywood Highsmith in trade with far-out draft implications New York Post Draymond Green Sends Message to Jimmy Butler After NBA Trade on Friday Athlon Sports Heat trade Haywood Highsmith to Nets, swap …
Read More »Trump’s Latest Attack on Wind and Solar Squeezes Tax Breaks Bloomberg.com New I.R.S. Rules for Large Wind and Solar Projects Released The New York Times Clean Energy Stocks Have Jumped. Next Week Could Test the Rally. Barron’s Leaked Treasury guidance gives some optimism for renewables Latitude Media Trump administration deepens crackdown on solar and wind tax credits Politico Source link
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Investing.com — Solar and renewable energy stocks rallied sharply Friday after the U.S. Treasury Department and IRS released new guidance on clean energy project construction requirements for tax credit qualification. First Solar (NASDAQ:FSLR) stock rose 13%, Sunrun (NASDAQ:RUN) jumped 39%, NextEra Energy (NYSE:NEE) gained 5%, Enphase Energy (NASDAQ:ENPH) climbed 12%, and Array Technologies (NASDAQ:ARRY) surged 27% following the release of …
Read More »Trump administration deepens crackdown on solar and wind tax credits Politico Clean Energy Stocks Have Jumped. Next Week Could Test the Rally. Barron’s Looming Treasury rule casts pall over future of renewables E&E News by POLITICO Data center owners urge US Treasury to keep renewable energy subsidy rules Reuters Homeowners rush to install solar ahead of expiring tax credits Utility Dive Source link
Read More »Tariffs Set to Hit Ireland, Where U.S. Drugmakers Play Tax Games The New York Times Exclusive: US pharma tariffs likely weeks away as Trump plans for Alaska, sources say Reuters White House’s Navarro Says Pharma Tariffs Likely Under Section 232 Probe U.S. News & World Report Trump’s drug tariff announcement still ‘weeks away’: Reuters Fierce Pharma 250% US tariffs pose threat to Canada’s pharma …
Read More »Clean Energy Tax Credit Market Participants Remain Bullish The Wall Street Journal Trump’s Treasury Set to Decide Fate of Hundreds of Wind, Solar Projects Bloomberg.com US solar could lose 60GW by 2030 due to executive order PV Tech Trump administration to unveil tougher solar and wind subsidy rules Reuters What Trump’s solar crackdown could mean for Pennsylvania energy bills Inquirer.com Source link
Read More »Trump’s tax law is even better for rich people than originally thought. Here’s how much more the top 10% stand to gain. MarketWatch Richest Gain Most and Poorest Face Steepest Cuts Under G.O.P. Law, Analysis Finds The New York Times Trump’s tax law to mostly benefit the rich, while leaving poorer Americans with less, CBO says NBC News Distributional Effects of Public Law …
Read More »WASHINGTON (AP) — President Donald Trump’stax and spending law will result in less income for the poorest Americans while sending money to the richest, the nonpartisan Congressional Budget Office reported Monday. The CBO estimates that the 10% of poorest Americans will lose roughly $1,200 a year as they experience restrictions on government programs like Medicaid and food assistance, while the …
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