Trump’s tax plans: $7,500 EV credit likely to get axed, as tariffs spark anxiety

One tax credit that appears on track for elimination is an Inflation Reduction Act provision that can provide up to $7,500 to buyers of electric vehicles.

Business - MarketWatch - November 12

Act now for $7,500 EV tax credit: There's 'real risk' Trump will axe funding in 2025, lawyer says

Trump and Republicans on Capitol Hill will likely slash Biden-era tax breaks for electric vehicles in 2025 to raise money for a tax cut package.

Business - CNBC - 3 days ago

Act now for $7,500 EV tax credit: Experts say there's a risk Trump will axe funding in 2025

Prospective car buyers considering an electric vehicle may need to act fast to get a Biden-era EV tax credit worth up to $7,500, due to the likelihood that President-elect Donald Trump and ...

Here’s what can stall Trump’s tax and tariff plans

Surging 10-year Treasury yields could temper Trump administration plans that risk growing the large U.S. deficit.

Business - MarketWatch - November 6

Granholm warns that cutting EV tax credits would be ‘ceding’ to China

Energy Secretary Jennifer Granholm warned Friday that President-elect Trump’s reported plans to cut consumer subsidies for electric vehicles (EVs) would benefit China. “You eliminate these credits, ...

Politics - The Hill - November 15

Trump's big tariff plans

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story What Trump can do on tariffs without Congress Former President Trump is going all ...

Politics - The Hill - October 25

From higher tariffs to lower taxes, will Donald Trump’s economic plan pay off?

There is a strong chance the president-elect’s radical strategy going wrong, with a high risk of rising prices, inflation and interest rates. Business live – latest updates It’s the economy, ...

World - The Guardian - November 8

Trump ‘most likely’ needs 60 votes in Senate to enact tariff plan, Sen. Rick Scott suggests

There's a debate as to whether President-elect Donald Trump can enact a sweeping tariff plan with or without congressional approval.

Business - CNBC - November 10

Trump’s Tax Plans

Three scenarios for how Republicans could approach cutting taxes next year.

Top stories - The New York Times - November 15

Tesla and Rivian shares were having a good week. Concerns over the future of EV tax credits ended that.

Worries that EV tax credits may go away under the Trump administration hit a fever pitch on Thursday, dragging down the stocks.

Business - MarketWatch - November 14

Electric Vehicle Companies, Battery Makers Urge Trump to Keep Tax Credits

The Trump transition team wants to kill the $7,500 consumer tax credit for electric-vehicle purchases.

Business - Inc. - November 15

What to know about Trump’s tariff plans

Former President Trump is going all in on the idea of tariffs as a way of lifting the U.S. economy, bucking criticism from think tanks, labor and big business alike. Trump's plans include a general ...

Politics - The Hill - October 25

Jeffries: Pelosi is not undermining me

“It's an honor to stand on the shoulders of Speaker Nancy Pelosi,” he said Sunday.

Politics - Politico - 6 days ago

The risks of being too gloomy on Trump tariff plans

Overly pessimistic warnings of economic shocks could weaken crucial support for globalisation

World - Financial Times - 3 days ago

Late Night Addresses Your Election Eve Anxiety

“It feels like the whole country is waiting to get the results of a biopsy,” Jimmy Kimmel said.

Top stories - The New York Times - November 5

Trump doubles down on replacing income taxes with tariffs in Joe Rogan interview

Vice President Kamala Harris has attacked the tariff policy proposed by Donald Trump, calling it effectively a "sales tax" on Americans.

Business - CNBC - October 26

Trump's tariff proposal needs a makeover: A border-adjusted tax

President-elect Donald Trump's proposed tariff policy could be replaced by the Destination-Based Cash Flow Tax, which would tax cash associated with U.S. consumption while exempting cash associated ...

Politics - The Hill - November 12

The markets could have the final say on Trump’s tax cuts and tariffs

Financial markets could wind up as the final arbiter about whether he has gone too far.

Politics - The Hill - November 15

How Trump’s Tax Cuts and Tariffs Could Turn Into Law

Republicans are juggling complex political and tactical questions as they plan their congressional agenda next year.

Business - The New York Times - 4 days ago

Here's how Harris and Trump's tax plans would impact your taxes

Harris and Trump both have proposed historically large tax overhauls. Here's what to know.

Tariffs and taxes are not very inflationary

Households will pay, but probably not through much higher prices

World - Financial Times - 4 days ago

Bitcoin Closes in on $100,000 as Trump Crypto Plans Spark Optimism

The president-elect’s vow to make the U.S. the ‘crypto capital of the planet’ spurs a buying spree.

Business - Inc. - 2 days ago

The Guardian view on Trump’s tariff push: it should spark a global call for fairer trade | Editorial

US protectionism raises alarms, underscoring the need for balanced policies as wealthy nations’ tariffs can hurt developing economies. “To me, the most beautiful word in the dictionary is tariff,” ...

World - The Guardian - November 11

How Trump’s Plans for Mass Deportations, Tariffs and Fed Could Affect the Economy

Economists are trying to guess at how Trump policies could affect growth and inflation. The uncertainties are huge.

Business - The New York Times - 5 days ago

Trump’s Tariff Plan Prompts European Fears on Growth Rates

Leaders at the European Central Bank worry that trade barriers will curb EU economic progress more than they will push up Euro zone inflation.

Business - Inc. - 5 days ago

Many parents voted for Trump. His top priority should be expanding the child tax credit, advocates say.

Parents — specifically, male parents — voted for President-elect Donald Trump this election cycle in an ongoing show of support for the Republican Party by voters with children, according to exit ...

Business - MarketWatch - November 7

Trump wants to provide a tax credit for caregivers. Here's what experts say about the proposal

At a recent campaign rally, President-elect Donald Trump said "it's about time" caregivers are recognized. Here's what we know about his tax credit proposal.

Business - CNBC - November 13

Europe could try to stop — or get around — damaging Trump tariffs

Donald Trump's U.S. election win has left Europe scrabbling to work out how it will be able to contain — or counter — probable tariffs on its exports to the U.S.

Business - CNBC - November 11

Election anxiety is scrambling Americans’ travel plans

Concerns about potential political unrest and economic fallout in the weeks around Election Day are reshuffling vacation dates, holiday plans and business trips.

Politics - NBC News - October 26

The Entertainer blames Budget tax rise for axing new shops

The toy retailer says higher costs have hit expansion and led to a hiring freeze at its head office.

Former Treasury Secretary Mnuchin says Trump's top priorities will be tax cuts, Iran sanctions and tariffs

Tax cuts are 'a signature part of his program,' Mnuchin said in a "Squawk Box" interview.

Business - CNBC - November 7

Trump’s Tariffs

We explore his promise to impose a charge on foreign products entering the U.S.

Top stories - The New York Times - 2 days ago

What Will Trade, Migrants, Climate Change, and EVs Look Like Under Trump 2.0?

Here’s a review of policy plans and campaign promises central to the new president’s second-term agenda.

Business - Inc. - November 6

Walmart may have to raise some prices if Trump tariffs take effect, CFO says

The discounter's comments are the latest warning from retail leaders about the potential impact of the tariffs.

Business - CNBC - 4 days ago

Walmart will likely raise some prices if Trump tariffs take effect, CFO says

Walmart’s CFO John David Rainey said the retailer would likely have to raise prices on some items if President-elect Donald Trump’s proposed tariffs take effect.

How to get rid of credit card debt without ruining your credit

You don't have to sacrifice your credit score to get rid of credit card debt. There are lots of routes to consider.

Latest in Trump’s tax plans: $7,500 EV credit likely to get axed, as tariffs spark anxiety