Democrats’ Proposal Would Allow Auto Dealers To Claim Clean Vehicle Credits

The recently proposed Congressional Inflation Reduction Act of 2022 includes significant changes relating to electric vehicle credits. The proposal not only includes an extension of the electric vehicle credit, but also the phaseout of the credit for auto manufacturers making more than 200,000 electric vehicles is removed and income limitations for taxpayers claiming the credit … Read more

The Tax Impact Of The Inflation Reduction Act

Closeup of the documents of the American Rescue Plan Act of 2021, a $1.9 trillion economic stimulus … [+] package proposed by President Biden to speed up the recovery. getty On Sunday, July 31, 2022 Senator Joe Manchin of West Virgina did a “full Ginsburg” that is he appeared on the five major Sunday morning … Read more

Electric Vehicle Tax Credits Likely To Get New Life And A Manchin Makeover

Sen. Joe Manchin talks with the media after a hearing on hydrogen pipelines CQ-Roll Call, Inc via Getty Images In a major win for automakers and future electric vehicle buyers, tax credits for the purchase of EVs are likely to get a new lease on life, thanks to a surprise deal between Sen. Joe Manchin … Read more

What You Need To Know About The Manchin-Schumer Tax And Climate Compromise

WASHINGTON, DC – JUNE 08: Senator Joe Manchin (D-WV) heads to a vote in the Senate (Photo by … [+] Samuel Corum/Getty Images) Getty Images After more than a year of often-fraught negotiations, Sen. Joe Manchin (D-WV) said he has agreed to a slimmed down tax, health care, climate, and energy bill. The details of … Read more

Did West Virginia Just Kill Global Tax Reform?

UNITED STATES – MAY 26: Sen. Joe Manchin, DW.Va., attends the Senate Armed Services Committee … [+] hearing on the reappointment of Army Gen. Christopher G. Cavoli to the grade of general and to be Commander, United States European Command and Supreme Allied Commander, Europe, in Dirksen Building on Thursday, May 26, 2022. (Tom Williams/CQ-Roll … Read more

Joe Manchin Pulled The Plug On Biden’s Tax Increases. What Happens Next?

WASHINGTON, DC – MAY 10: Sen. Joe Manchin (D-WV) walks through a hallway in a Senate Office Building … [+] (Kent Nishimura / Los Angeles Times via Getty Images) Los Angeles Times via Getty Images Conservative Democrat Joe Manchin (D-WV) may have effectively sealed the fate of President Biden’s tax agenda when he said he … Read more

Elon Musk Wants The Electric Vehicle Tax Credit To Disappear; Joe Manchin Might Oblige

Musk complained last week that the current EV tax credit of up to $7,500 now puts Tesla at a competitive disadvantage. (Photo by Visual China Group via Getty Images/Visual China Group via Getty Images) Visual China Group via Getty Images Planning to buy an electric vehicle? Your net cost could depend on how successful the … Read more