Tag: inflationreductionact
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Biden touts sale of Gulf of Mexico wind-power leases and jabs at Trump in Philadelphia speech
[ad_1] President Joe Biden on Thursday touted the first sale of offshore-wind-power leases in the Gulf of Mexico as he spoke to workers in the key battleground state of Pennsylvania. Speaking at the Philly Shipyard about his economic agenda, Biden discussed the Interior Department’s Thursday announcement that the sale will be held Aug. 29. It’s…
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Tesla’s stock rises to longest winning streak in more than 2 years
[ad_1] Investors have been piling into Tesla Inc.’s stock as it rallied toward a seven-month high and a ninth straight gain, its longest streak in more than two years. Helping fuel optimism was the news that all of the electric-vehicle giant’s lower-priced Model 3 sedans now qualify for $7,500 in federal tax credits as part…
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Worried the IRS will audit you? If you make less than $400K, here’s one reason you can relax
[ad_1] Some clarity is emerging regarding statements from Biden administration officials that no one making less than $400,000 will see higher audit rates from the Internal Revenue Service, which is about to step up its scrutiny of wealthy taxpayers. The Inflation Reduction Act — the tax and climate package enacted last summer — earmarked $80…