In a nation seemingly unable to agree on anything, people appear to be converging on one idea: Taxes are bad. In addition to the calls for broad-based middle-class tax cuts, we’re seeing proposed exemptions for teachers, law enforcement officials and boat owners. Call it the Oprah tax code: Tipped workers, YOU get a tax break!…
A year ago, the Trump administration withdrew from a global effort to curb offshore tax-dodging by multinational companies. That decision has been a huge gift to corporate America, enabling companies to avoid at least $40 billion in income taxes since the beginning of 2025. A New York Times review of securities filings from nearly 500…
A few months ago, Matt Bedsole got a call from two real estate developers asking for his help. Their plan to build a four-story apartment complex in Chattanooga, Tenn., had a financial hole that no backer seemed eager to fill. The developers needed $8 million. Would Mr. Bedsole be interested in stepping in? Mr. Bedsole…
The donor-advised fund affiliated with Charles Schwab, DAFgiving360, has suspended account holders’ ability to give money to the Southern Poverty Law Center, a civil rights group. Last week, the Justice Department indicted the group and accused it of financial crimes. This week, the donor-advised funds that bear Fidelity’s and Vanguard’s names also cut the group…
The Trump administration will pay energy companies hundreds of millions of dollars to abandon their plans to build two wind farms off the U.S. coast, the Interior Department said Monday, in a repeat of a tactic the government used to cancel other offshore wind leases last month. The firms will forfeit their leases in federal…
It’s a weird moment for electric vehicles in the United States. Sales have slumped since the Trump administration ended the $7,500 tax credit, and car manufacturers are canceling models. And while it’s likely that the recent surge in gas prices will push more people to E.V.s, it probably won’t happen fast. But if there’s a…
Electric vehicle sales have been slumping since September, when federal tax credits of up to $7,500 ended under a law championed by President Trump. But the business of selling battery-powered cars is about to get something of a boost from waves of slightly used models that will be rolling onto dealer lots over the next…
