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House, Senate tax chiefs announce deal on business deductions, low-income credits

Congress' top tax officials announced an agreement Tuesday morning that would strengthen the Child Tax Credit (CTC) and reinstate a business deduction stripped away as part of the 2017 Tax Cuts and Jobs Act to pay for lower corporate tax rates. The CTC expansion would increase the maximum loan amount per child from $1,600 to […]

EVs Are Cheaper with Tax Credits People Get ‘If They’re Able to Afford’ It

On Friday's broadcast of CNBC's “Squawk Box,” Energy Secretary Jennifer Granholm responded to concerns that copying some of California's policies would raise gas prices by saying, “Electric vehicle Operating costs are low,'' he said, and citizens can receive preferential tax treatment if the conditions are right. If you can afford a lease, you can take […]