Items Tagged with 'Taxes and HVACR'

Biden highlighted the economic growth under his presidency, and said that while Harris has been “loyal so far,” she will “cut her own path” going forward.

Export-led growth is no longer a viable strategy for the world's second-largest economy. The US, on the other hand, must tackle fiscal adjustment.

Congress created the 179D deduction in the Internal Revenue Service Inflation Reduction Act to support businesses working on sustainability in large structures, and the 25C credit to support the average American household.

Historically having a high tax rate on manufacturing relative to the rest of the world, the 2017 tax reforms temporarily stimulated the U.S. manufacturing sector.

In a statement from Aaron Hilger, CEO of SMACNA, he called it an "essential piece of legislation that extends and reforms the R&D credit, bonus depreciation and equipment expensing.

Florida Gov. Ron DeSantis vetoed a $5 million grant that was to pay for administering the distribution of $346 million in federal Inflation Reduction Act rebate money in the state.

The IRA is yet another example — along with various local and state rebates, revolving loans, grants, tax credits, etc. — of our country’s steps toward decarbonization through electrification.