California governor proposes $200 million in new state EV tax rebates
By David Shepardson WASHINGTON, Jan 9 (Reuters) – California Governor Gavin Newsom is proposing $200 million in new state electric-vehicle tax rebates after Congress earlier this year ended a federal $7,500 state tax deduction on new EVs, the state said on Friday.In late 2024, Newsom said if President Donald Trump eliminated a federal EV tax credit, […]
Tax changes loom large for US economy in 2026
WASHINGTON: Economists see the tax cuts in Trump’s One Big Beautiful Bill as a principal driver of the U.S. economy in 2026, both for individuals and businesses. Here’s some detail about what’s in store. INDIVIDUAL TAX CUTS A range of changes in individual tax rates and breaks could boost household war chests in early 2026 […]