For the fourth year in a row, President Biden is trying to eliminate federal tax breaks for coal, oil and gas companies. But fossil fuel subsidies have proven difficult to stop.
Tag: Tax Credits, Deductions and Exemptions
Small Businesses Sound Alarm Over Weakening German Economy
Thousands of companies, concerned that Germany is facing a recession, are calling for an end to political infighting that has blocked a possible stimulus plan.
This Arctic Circle Town Expected a Green Energy Boom. Then Came Bidenomics.
Generous subsidies are helping the United States steal green industries from Europe, as countries race to secure the energy supplies of the future.
Global Economy Is Heading Toward ‘Soft Landing,’ I.M.F. Says
The International Monetary Fund upgraded its growth forecasts and offered a more optimistic outlook for the world economy.
New U.S. Solar and Electric Car Factories Face Familiar Challenge: China
Worries are growing in Washington that a flood of Chinese products could put new American investments in clean energy and high-tech factories at risk.
A Lucrative Tax Credit for Making Clean Fuel Won’t Be So Easy to Get
Experts had warned that efforts to build a vast new hydrogen industry could inadvertently worsen global warming. New rules aim to avoid that.
France Plans to Lure FIFA With the Promise of a Tax-Free Home
A plan to persuade sports federations to move to the country could save them millions. Supporters and critics of the proposal say it is intended to tempt one governing body in particular.
Europe and Asia React to U.S. Push for Tech and Clean Energy
Other governments, particularly in Europe, are trying to counter the Biden administration’s industrial policies with their own incentives.
A Rural Michigan Town Is the Latest Battleground in the U.S.-China Fight
Firestorms over Chinese investments, like a battery factory in Green Charter Township, are erupting as officials weigh the risks of taking money from an adversary.
U.S. Issues Final Rules to Keep Chip Funds Out of China
The rules, which aim to prevent chip makers from using new U.S. subsidies to benefit China, take into account the industry’s perspective.