A compromise Republican tax bill released late Friday does not eliminate a $7,500 electric vehicle tax credit as Republicans in the U.S. House of Representatives had previously proposed. The measure follows the lead of the Senate version approved last month that did not eliminate the credit. Killing the credit could have hurt automakers like General Motors Co , Volkswagen AG , Tesla Inc and Nissan Motor Co.
Republicans and major technology firms who support a tax overhaul have touted reforms that they say will bring offshore profits back into the country, boosting U.S. tax revenue and benefiting the economy. But critics are skeptical of those claims, doubting that both the House and Senate versions of the tax bill give companies like Apple the incentive to bring money into the U.S. over the long term.
Net neutrality is the concept that all internet traffic should be treated equally, no matter what internet service provider (ISPs) is carrying it. ISPs claim such rules stifle investment and innovation. Net neutrality advocates fear repealing net neutrality rules would allow ISPs to prioritize traffic, which would put more power in the hands of larger telecom companies.
With the House of Representatives having passed its tax reform plans and the Senate having released its version, the uncertainty around the basic existence of the federal EV tax credit, as evidenced by the difference between the two proposals, will be disruptive to the industry. It’s this uncertainty that leads everyone to a fundamental question: If the government chooses to end EV tax credits, will that affect the EV market overall? The answer is yes.
Last week, Dunn unveiled the “Supporting Veterans in STEM Careers Act” which would make the National Science Foundation (NSF) “develop a veterans outreach plan and publish data on veterans’ participation in its annual ‘Indicators’ report.” Dunn’s legislation also reforms several NSF scholarship and grants to help more veterans.
Captain Willie Daniels, President of Shades of Blue is interviewed by Patty Hester, Director, National Student Leadership Conference at the annual STEM on the Hill event in Washington, D.C.
Electric vehicle advocates caught a glimmer of hope in the US last week when it was reported on November 9 that the Senate version of a revised tax plan would keep the federal EV tax credit intact. The House of Representatives tax plan released previously, however, would end the federal EV tax credit.
Automation and other technological advancements threaten to put good-paying jobs further out of reach for marginalized groups unless more investments are made in preparing students for “Blue-Collar STEM” jobs, panelists convened Tuesday on Capitol Hill said.
House Majority Leader Kevin McCarthy, R-Calif., is vowing the GOP's tax reform package will improve "innovation and entrepreneurship -- key drivers of economic growth." McCarthy said the U.S. needs a "dynamic tax code that promotes the competition, risk taking and innovation that is the foundation of the 21st century economy."
U.S. Rep. Lamar Smith, R-San Antonio, an influential senior House member first elected to Congress in 1986, announced Thursday that he will not seek re-election in 2018 when his six-year stint as chairman of the House Science, Space and Technology comes to an end.