Taxes July 8, 2025
In an executive order signed on July 7, President Donald Trump instructed the Treasury Department to strictly enforce the termination of the clean energy production and investment tax credits in the tax code for wind and solar facilities.
Taxes June 30, 2025
Elon Musk slammed the Senate's latest version of President Donald Trump’s multitrillion-dollar tax bill warning that the cuts to EV and other clean energy credits would be “incredibly destructive” to the country.
Taxes June 26, 2025
In an opinion column for Newsweek, the caucus members argued that the Senate would preserve “too much” of what President Donald Trump previously called a “scam.”
Taxes June 17, 2025
Senate GOP released a bill that would end tax credits for wind and solar earlier than for other sources, and make only modest changes to most other incentives, dashing hopes of those seeking relief from major cuts passed by the House.
Taxes June 5, 2025
The president hit back at the Tesla CEO over his criticism of Republicans' massive budget proposal, suggesting the tech mogul is primarily upset over provisions that slash government support for electric vehicles.
Taxes June 4, 2025
The House kept some tax credit incentives for new nuclear projects in its tax break and immigration megabill because the industry would die out without them, said U.S. Rep. Chuck Fleischmann (R-TN).
Taxes May 28, 2025
The U.S. residential solar market is awaiting to see if Republicans in the Senate will challenge their brethren in the House and change provisions of the massive tax-and-spending bill that executives and analysts say would devastate the industry.
Taxes May 27, 2025
A Republican-backed tax-and-spending bill passed by the U.S. House on May 22 aims to roll back federal clean energy incentives—a move critics warn could raise costs for those who purchase electric vehicles.
Taxes May 16, 2025
An expansion of the child tax credit and new “MAGA savings accounts” for children are among the proposals in President Donald Trump’s “One, Big, Beautiful Bill.”
Taxes May 14, 2025
The draft framework put out Monday by the Ways and Means Committee takes aim at billions of dollars of incentives in the Inflation Reduction Act, including tax credits for electric vehicles and solar and wind projects.
Taxes May 13, 2025
House Republicans are proposing to eliminate a tax credit for electric vehicles and phase out incentives to develop clean-energy projects to help pay for President Donald Trump’s massive tax package.
Taxes April 24, 2025
Accountants can play a crucial role in helping their clients take full advantage of the Inflation Reduction Act's clean energy tax credits through strategic planning.