Deductions and Exemptions

Hochul’s budget focuses more on pocketbook issues than Trump’s

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New York Governor Kathy Hochul unveiled a $252 billion executive budget on Tuesday aimed more at appeasing New Yorkers dissatisfied with the rising cost of living than at addressing President Trump’s policies that could hurt the state. The proposed budget includes nearly $1 billion for a middle-class tax cut, $3 billion in rebate checks for … Read more

Trump’s executive order to end EV subsidies is facing opposition

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If President Trump has his way, the auto industry’s transition to electric vehicles could soon be reversed. He would eliminate tax credits for electric-vehicle purchases, federal grants for chargers, and subsidies and loans to help rebuild assembly lines and build battery factories. The executive orders issued by Mr. Trump on Inauguration Day are similar to … Read more