On Aug. 16, 2022, President Joe Biden signed the Inflation Reduction Act of 2022 (IRA). The bill was equally divided in votes for and against it, and was passed by a tie-breaking vote from Vice President Kamala Harris. Now it is law. Several things are in it that could affect your small business. An Ongoing…

Gov. Gavin Newsom declared his support Aug. 3 for expanding California’s film and television tax credit program as a way to lure movie production away from states that restrict or ban abortions. Newsom said he supported the state’s legislature’s Senate Bill 485—which would add another $1.65 billion to the tax credit program—extending it through 2030….

By Riley Beggin From The Detroit News WASHINGTON—Ford Motor Co., General Motors Co., Stellantis NV, and Toyota Motor Corp. sent a letter to congressional leaders Monday urging them to lift the 200,000 customer cap for existing electric vehicle tax credits. The letter from the nation’s four largest automakers comes as Democrats in Congress are negotiating…

A Pennsylvania-based think tank that works with lawmakers to enact state policies has released results of a statewide poll that it says shows policymakers “a new pathway to prosperity” through the support of the foundation’s 23-point reform agenda. The right-leaning Commonwealth Foundation released its May poll results on Thursday. The unelected but powerful, policy pushing…

The mistake many taxpayers make when considering tax credits is they don’t think about tax credits from the previous year until they are filing their taxes. Start planning early. Whether they are credits new for the tax year 2022, or old ones that have changed, you need to know what is available to you so…

WASHINGTON—The Prime Minister’s Office isn’t saying anything about a key U.S. senator’s decision to put President Joe Biden’s controversial electric-vehicle incentives on ice. West Virginia Sen. Joe Manchin, a key Democratic vote in the evenly divided Senate, confirmed today that he’s a “No” on the $1.75-trillion Build Back Better bill. The legislation includes tax credits…

WASHINGTON—The Prime Minister’s Office isn’t saying anything about a key U.S. senator’s decision to put President Joe Biden’s controversial electric-vehicle incentives on ice. West Virginia Sen. Joe Manchin, a key Democratic vote in the evenly divided Senate, confirmed today that he’s a “No” on the $1.75-trillion Build Back Better bill. The legislation includes tax credits…

The U.S. Senate voted on Tuesday to authorize the impeachment trial of President Donald Trump, which is scheduled to begin Wednesday at 1 p.m. A new proposal means Americans could get up to $3,600 a year for each of their children. And a Texas state senator teams up with Gov. Greg Abbott to fight Big Tech…