Tax breaks

Selling the OBBBA to the American people may prove to be tougher than passing it, even for a president who built a career on savvy branding.

Many of the provisions of the OBBBA benefit businesses, but colleges and universities will take a hit, as will companies in renewable energy.

The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating taxable income.

Businesses and rich universities scored wins in the Senate version of Trump's tax bill, while low-income Americans and clean energy providers were hit hard.

Senate Majority Leader John Thune said Republicans in his chamber expect to deliver on President Donald Trump's campaign promises.

Democratic Rep. Gwen Moore introduced legislation to expand the Section 199A Qualified Business Income deduction for the smallest businesses.

To get the capital gains break, the Commerce secretary must invest the proceeds of the sales in Treasury bonds or diversified exchange-traded or mutual funds.

Under current laws, qualified investors living in the commonwealth are not required to pay local or federal taxes on capital gains, including crypto appreciation.

Republican leaders say they are closer to a plan to extend the 2017 tax cuts and increase the debt ceiling.

Not all job creation incentive programs are created equal. Here are examples of programs from states across the United States.