Federal Tax
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Inc. - Business
Treasury Plans Bigger Tax Breaks for EV Charger Installations
A new rule proposed Wednesday by the Treasury Department could mean tax credits of up to $1,000 for individuals and $100,000 for businesses if they install electric vehicle chargers.1 hour ago -
The New York Times - Business
Has the Federal Reserve Pulled Off a Soft Landing?
Investors have sent stocks and bonds higher on expectations of a soft landing. But some Republicans think the central bank overstepped its bounds.3 hours ago - Federal Reserve -
The Guardian - World
Sweden cuts tax on flying despite admitting it would increase emissions
Campaigners criticise decision to scrap tax introduced in 2018 amid rise of ‘flight shame’ movement. Campaigners have accused the Swedish government of doing “everything in its power to stop ...5 hours ago -
Financial Times - Business
Bank of England holds rates at 5%
MPC indicates it may lower borrowing costs again as soon as November5 hours ago -
Financial Times - World
FirstFT: Fed easing cycle begins as focus moves to protecting jobs
Also in today’s newsletter, Hizbollah reels after twin attacks, and JPMorgan appoints ‘wellbeing’ tsar9 hours ago -
The New York Times - Business
Trump Floats an Array of Expensive Tax Cuts to Win Votes
Whether he is speaking to retirees, corporate executives or tipped workers, former President Donald J. Trump has made a habit of promising tax cuts that could cost trillions.15 hours ago - Donald Trump -
CNBC - Business
Republican House speaker floats deregulation and tax cuts — not tariffs — to pay for Trump proposals
Republican Speaker Mike Johnson is hours away from a House vote on his six-month funding bill, less than two weeks away from a partial government shutdown.23 hours ago - Donald Trump -
NBC News - Top stories
Federal reserve cuts interest rates by 0.5%
The Federal Reserve announced it's cutting interest rates for the first time since the beginning of the Covid-19 pandemic. The rates will be reduced by half a percentage point in effort to cushion ...Yesterday - Federal Reserve -
CBS News - Top stories
Interest rates expected cut from Federal Reserve
The Federal Reserve is expected to announce the first interest rate cut since 2020. CBS News business analyst Jill Schlesinger breaks down what economists predict may occur during today's ...Yesterday - Federal Reserve -
ESPN - Sports
Judge dismisses federal lawsuit against Dolan
A judge on Tuesday dismissed a federal lawsuit filed by a woman who accused James Dolan, chairman of Madison Square Garden and governor of the Knicks and Rangers, of unwanted sex nearly a decade ago.Yesterday -
CBS News - Top stories
Kamala Harris talks child care tax plan in NABJ interview
Vice President Kamala Harris addressed her childcare tax plan in Philadelphia Tuesday during an interview with the National Association of Black Journalists. CBS News campaign reporter Shawna ...Yesterday - Kamala Harris -
The Hill - Politics
Biden administration proposes wide eligibility for EV charger tax credit
The Biden administration has proposed a rule maximizing the number of electric vehicle (EV) chargers that can qualify for tax credits. Prior to the proposed rule, it was unclear whether the tax ...Yesterday - Joe Biden -
The Hill - Politics
Kamala Harris will raise your taxes, no matter what she's saying now
Kamala Harris has promised not to raise taxes for those making less than $400,000, but her proposed tax credits and deductions are not actual tax cuts, and she has promised to let the 2017 Trump ...Yesterday - Kamala Harris -
The Hill - Politics
Biden's climate law got zero GOP votes. Some Republicans think its energy tax credits are worth saving
As President Biden’s signature climate law spurs energy investments in Republican-led districts, many Republican members are getting on board with keeping at least some of its tax credits — ...Yesterday - Republican Party -
The Hill - Politics
Democrats target tax avoidance before cuts expire in 2025
Democrats are going after tax avoidance from big companies and wealthy individuals as the debate on taxes heats up ahead of tax code expirations scheduled for next year. A new set of proposed rules ...Yesterday -
Financial Times - World
Lib Dem call to tax rich more may be a poor pitch to its base
Ed Davey urges Labour to increase spending to ‘winterproof’ the NHS in a strategic moveYesterday -
Financial Times - World
Tax threat and negativity undermine investment efforts, business leaders warn
Industry executives air concerns over prime minister and chancellor’s gloomy comments about public financesYesterday -
The New York Times - Top stories
Trump Suggests Restoring the State and Local Tax Break He Once Limited
Former President Donald J. Trump’s 2017 tax law capped the state and local tax deduction at $10,000. He said on Tuesday that he would lift that limit.Yesterday - Donald Trump -
The Hill - Politics
Former governors press for election certification by federal deadline
Former governors pressed for election certification by the federal December deadline, saying the process "is not open to debate" in a Tuesday letter addressed to current governors. “The voters in ...Yesterday -
NBC News - Top stories
Trump calls for undoing part of his own tax law, vowing to 'get SALT back'
Donald Trump called for rolling back part of his signature tax law Tuesday, suggesting he would seek to reinstate the state and local tax deduction or SALT.Yesterday - Donald Trump -
CNBC - Business
GOP House Speaker Johnson backs keeping some of Biden's clean energy tax credits
In an exclusive interview with CNBC, Johnson says he will use "a scalpel and not a sledgehammer" in deciding which IRA tax credits to try to roll back.Yesterday - Joe Biden -
Financial Times - Business
Trump vows to restore homeowner tax break he scrapped
Former US president courts wealthy suburban voters with pledge to ‘get Salt back’Yesterday - Donald Trump -
The Hill - Politics
Rep. Horsford introduces bill to eliminate taxes on tips
Rep. Steven Horsford (D-Nev.) has introduced the Tipped Income Protection and Support (TIPS) Act to eliminate federal taxes on tips and subminimum wages for tipped workers.Yesterday -
CNBC - Business
Your inherited individual retirement account could trigger a 'tax bomb,' advisor says. How to avoid it
If you've inherited a pretax individual retirement account since 2020, you could face a sizable tax bill without proper planning. Here's what to know.2 days ago -
ABC News - Top stories
Sean 'Diddy' Combs hit with sex trafficking charges in sprawling indictment
Sean "Diddy" Combs has been charged with sex trafficking by force, transportation to engage in prostitution and racketeering conspiracy.2 days ago -
CBS News - Top stories
Senate to vote on federal IVF protections
Senate leaders are voting Tuesday on legislation that would establish a nationwide right to in vitro fertilization. CBS News congressional correspondent Scott MacFarlane has more.2 days ago -
CBS News - Top stories
Sean "Diddy" Combs arrested by federal agents in New York
Sean "Diddy" Combs has been arrested in New York and is in federal custody. The arrest follows nearly a dozen lawsuits, most of which have accused Combs of sexual assault. Combs has settled one of ...2 days ago - New York -
Financial Times - Business
Lib Dems to press Rachel Reeves to raise taxes on banks and wealthy
Ed Davey wraps up party conference saying rich should pay more to fund transformation of NHS and social care2 days ago -
NBC News - Top stories
Sean Combs arrested at NYC hotel by federal authorities
Music mogul Sean “Diddy” Combs was arrested at a New York hotel by federal agents based on a sealed indictment filed by the Southern District of New York. NBC News’ Julia Ainsley recaps how the ...2 days ago -
NBC News - Top stories
Sean 'Diddy' Combs arrested by federal agents in New York
Sean “Diddy” Combs was arrested Monday, the U.S.2 days ago - New York -
Financial Times - Business
London’s ailing junior stock market cannot withstand a tax raid
Abolition of Aim would make it harder to stimulate investor interest in smaller companies2 days ago -
The Guardian - World
Sean ‘Diddy’ Combs arrested in New York after federal indictment
Hip-hop mogul has faced multiple allegations by women accusing him of sexual assault. Sean “Diddy” Combs, the hip-hop mogul who has faced a stream of allegations by women accusing him of sexual ...2 days ago - New York -
ABC News - Entertainment
Sean 'Diddy' Combs is arrested in New York after federal indictment
Prosecutors say Sean “Diddy” Combs was arrested late Monday in New York, where he faces a sealed criminal indictment2 days ago - New York -
Financial Times - World
Do I owe UK tax on my crypto assets?
I’ve had a letter from HMRC; does this mean I've made a mistake on my last tax return?2 days ago - United Kingdom -
CBS News - Entertainment
Sean "Diddy" Combs charged with sex trafficking, ordered held without bail
Sean "Diddy" Combs pleaded not guilty to federal charges on Tuesday after he was taken into custody in New York.2 days ago -
Los Angeles Times - Entertainment
Sean 'Diddy' Combs denied bail after pleading not guilty to sex trafficking, racketeering charges
The musician and record producer was arrested in New York months after raids on his Holmby Hills and Miami homes as part of a federal inquiry.2 days ago