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

Cryptocurrency Should Be Taxed As Investments, Not Money

Physical imitation of Bitcoins (Photo by Ozan KOSE/AFP) (Photo by OZAN KOSE/AFP via Getty Images) AFP via Getty Images Senators Pat Toomey (R-PA) and Kyrsten Sinema (D-AZ) have proposed exempting cryptocurrency transactions of $50 or less from capital gains taxes. While it seems like a modest tax change, it could have profound effects on how … 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

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