Tax credits

When a company considers adding new jobs or making new investments, many state and local authorities offer tax incentives to support that growth.

The dapper, voluble congressman from Harlem used his perch on the House tax-writing committee to advocate for inner cities and the people who live there.

The measure would clamp down on energy tax credits created or expanded by the 2022 Inflation Reduction Act by imposing a slew of new restrictions.

The bill would end clean electricity tax credits for sources like wind and solar starting in 2029 and require projects to begin construction within 60 days.

Lack of awareness, fear of mistakes and penalties, and the cost of filing are preventing many families from claiming millions of dollars in tax credits.

The Senate Finance Committee questioned Trump's nominee about his plans for the beleaguered agency and promotion of dubious tax credits.

The vote in the House Budget Committee paves the way for passage of the legislation as soon as Thursday,

The move would constitute "a complete death" for energy projects that rely on global supply chains for solar cells, magnets, batteries and other materials.

Wealthy Americans and business investors are among the big winners while targets of Trump's ire such as immigrants and elite universities were hammered.

Key Senate Republicans are resisting the House's plan to gut clean energy tax credits, vowing to soften the blow for emerging technologies and nuclear power.