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Tesla is a business built, in part, on government regulations and incentives, from a Department of Energy loan guarantee in 2009 to the regulatory credits it sells to other automakers, which have driven a third of its $32 billion in profits since 2012. Now, the company’s energy business — a rare bright spot amid faltering demand…
“Hochul pressured to provide film tax break to Sherri Shepherd show” Gov. Kathy Hochul is being urged by black leaders to sign a bill into law to provide a controversial film tax break to the Sherri Shepherd morning talk show, which replaced the Wendy Williams show and films in New York. The unusual carve-out is…
“‘Affordable housing’ wins will vanish if NY Legislature doesn’t replace 421a” All the cheers as the $2 billion Innovation QNS proposal clears hurdles in the City Council will fade if the plan falters because state lawmakers refuse to replace the expired 421a tax-exemption, which New York’s left all-out opposes. While the deal aims to create about…
“Paul Pelosi buys tech chip stocks before big subsidy vote” House Speaker Nancy Pelosi’s husband purchased up to $5 million in stock options on a computer-chip company ahead of a vote on legislation next week that would deliver billions of dollars in subsidies to boost the chip-manufacturing industry, new financial disclosures show. Paul Pelosi purchased…
“#Another child tax credit payment went out today” The second payment of the 2021 advance child tax credit hit bank accounts Friday. The Department of the Treasury and the Internal Revenue Service said that more than $15.4 billion was paid out in this round. It’s the second of six payments to go out every month…
“#Helping poor kids takes more than money — they also need stable homes” If the experts are right, the United States is about to perform one of the great policy feats in the nation’s history. Starting this month, under a newly retrofitted Child Tax Credit, the IRS will begin sending monthly checks of $250 per…
“#Feds will start paying out new child tax credit on July 15” WASHINGTON — The White House sought Monday to raise awareness of the federal government’s new expanded child tax credit, which will start paying out monthly beginning July 15 to families with children who are 17 years old and younger. Vice President Kamala Harris…