News

Senate Republicans seek to end EV tax credit by September 30
Republicans have taken aim at EVs on a number of fronts, a reversal from former President Biden's policy that encouraged ...
Updated Senate bill slashes wind and solar incentives – and adds a new tax
An updated draft of the Senate’s megabill text slashes tax incentives for wind and solar energy – and adds a new tax on ...
Musk fumes as Trump tax bill cuts electric vehicle credits
While the earlier proposal would have ended the incentive at the end of this year for most EV sales, the new version terminates the credit after Sept. 30.
Wind, Solar Credits Face Shorter Phase-Out in New Tax Bill
Key tax incentives for US wind and solar projects would face a more aggressive phase-out in the Senate’s latest version of ...
Senate Megabill Stuns the Clean Energy Industry With New Tax on Wind and Solar
Elon Musk calls the Senate’s latest version of the spending bill ‘utterly insane and destructive.’ ...
LA Film Production May See Lifeline Soon With $750 Million Tax Credit Plan on Verge of Passing
Jeremy Fuster, Film Reporter, joined TheWrap in 2016 and covers box office and labor news. He received a National Arts & ...
Will a GOP 'Big Bill' Incentive Help Donors Avoid Capital Gains Tax?
As U.S. Senate Republicans mark up their version of the One Big Beautiful Bill Act, one provision proposed a major tax break for private school donors.
The child tax credit could be worth over $2,000 under Republicans' spending plan—but millions of families wouldn't benefit
Both the House and the Senate want to raise the maximum child tax credit, but limits on who can claim it mean millions of ...
Senate parliamentarian nixes tax incentives for school choice, religious college exemptions
In the Senate parliamentarian’s latest rulings, the nonpartisan adviser found several education-related tax provisions did ...