#tax-credits

#tax-credits

Finance minister Paschal Donohoe has said he "will not go beyond" the €1.5bn available for tax measures in the upcoming Budget, telling TDs that there are "many competing demands on the tax end" of the Budget 2026. Speaking at the Budgetary Oversight Committee, Mr Donohoe said there are a number of tax credits which need to be extended in addition to "some of the other demands and needs that we're aware of".

There's bipartisan support in Congress for extending tax credits that have made health insurance more affordable for millions of people since the COVID-19 pandemic. But the credits are in danger of expiring as Republicans and Democrats clash over how to do it. Democrats are threatening to vote to shut down the government at the end of the month if Republicans don't extend the subsidies, which were first put in place in 2021 and extended a year later when they controlled Congress and the White House.

"General Motors beat economists' Q2 earnings estimates, in part due to a 111% surge in EV sales. Chevrolet took the No. 2 spot in the U.S. EV market in Q2, behind Elon Musk's Tesla."

"A lot of these states are getting these credit programs. Some people call it a race to the bottom, and I get that. But I'm from here and I'm telling you we have a chance to make really something cool."

The agreement avoids higher levies on corporations and includes tax incentives for the film industry as well as cuts to some social programs.

The construction of HIF Global’s facility in Texas is poised to create thousands of jobs and produce clean e-methanol, contributing significantly to cleaner shipping and aviation.

Following a recent freeze in Canadian EV tax credits, Tesla is threatening to sue the Canadian government, alleging the move cuts the company off from $30 million in tax credits.

"Although it seems less likely to be part of this year's tax and spending cut package, President Trump's promise to lower corporate taxes could reduce the value of Low Income Housing Tax Credits [in California] by roughly 5 percent, or $250 million," said Matt Schwartz, the president and CEO of the California Housing Partnership, which helps affordable housing developers across the state.