Why there's a 'high bar' for new EV tax credits, according to a Biden economic adviser

yahoo.com White House's top economic adviser defends restrictions placed on the Inflation Reduction Act ’s key tax credits. Critics — including some carmakers — have criticized the administration for limitations placed. Under...

Biden’s Inflation Reduction Act promises tax credits for new and used electric vehicles

marketwatch.com Here's what to know about income caps, sticker-price limits, and rules around final assembly in North America.

Climate bill's unlikely beneficiary: US oil and gas industry

apnews.com BILLINGS, Mont. (AP) — The U.S. oil industry hit a legal roadblock in January when a judge struck down a $192 million oil and natural gas lease sale in the Gulf of Mexico over future global warming emissions from...

Why there's a 'high bar' for new EV tax credits, according to a Biden economic adviser

yahoo.com White House's top economic adviser defends restrictions placed on the Inflation Reduction Act ’s key tax credits. Critics — including some carmakers — have criticized the administration for limitations placed. Under...

Small businesses, freelancers fear IRS agents will target them first

foxbusiness.com After the Congressional Budget Office reported that 78 to 90% of revenue from new audits under the Inflation Reduction Act will come from families making less than $200,000 per year, freelancers and small business...

Sweetheart union deal undermines IRA’s clean energy agenda, expert says

foxbusiness.com As President Biden signed the so-called Inflation Reduction Act of 2022, taxpayers, construction industry small businesses and climate change activists are sounding alarms about controversial labor policies in the...

Ethanol could get boost from carbon capture credits in Biden climate law

investing.com By Leah Douglas WASHINGTON - A major expansion in tax credits for companies that capture and store carbon emissions under U.S. President Joe Biden's new climate law could be a boon to the ethanol industry as it...

Pioneer CEO says oil company to keep returning most of its cash flow to investors

cnbc.com Pioneer Natural Resources CEO Scott Sheffield spoke with CNBC's Jim Cramer. Sheffield said the oil company plans to continue returning most of its cash flow to shareholders. He also discussed the Democrats' recently...

From health-care subsidies to $10,000 in discounts and rebates, 3 ways the Inflation Reduction Act could save you money

cnbc.com The bill aims to reduce health-care costs, shrink the deficit and combat climate change. Experts are uncertain that the bill will curbing rising prices for American consumers. The $739 billion bill was signed into...

Renewables will total 22 percent of U.S. electricity generation in 2022, says government

thehill.com Renewable energy will comprise nearly a quarter of electricity generated in the U.S. this year. The number represents an increase from 2020 and 2021, both of which saw about 20 percent generation from renewables....

FA Center: Stock buybacks aren’t the threat Congress and the Inflation Reduction Act says they are

marketwatch.com Federal tax on buybacks won't raise much revenue, and repurchases are a small and declining percentage of the stock market.

EV tax credits just got totally revamped. Here's what car buyers need to know

cnn.com The newly signed Inflation Reduction Act will have big implications for electric vehicle buyers. Some popular electric vehicles may become eligible for a tax credit once again, while other cars that were eligible...

Renewables will total 22 percent of U.S. electricity generation in 2022, says government

thehill.com Renewable energy will comprise nearly a quarter of electricity generated in the U.S. this year. The number represents an increase from 2020 and 2021, both of which saw about 20 percent generation from renewables....

From health-care subsidies to $10,000 in discounts and rebates, 3 ways the Inflation Reduction Act could save you money

cnbc.com The Inflation Reduction Act includes provisions that could help you save on health insurance, prescription drugs and home energy improvements.

Trudeau celebrates his country's windfall from Biden's spending bill

foxnews.com Canadian Prime Minister Justin Trudeau took to social media to celebrate President Biden signing the Inflation Reduction Act, boasting that the American legislation will be a win for Canadians. "It’s official: @POTUS...