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Foxconn deal with Wisconsin lowers tax breaks to $80 million

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MADISON, Wis. — Foxconn Technology Group will be eligible for just $80 million in taxpayer subsidies under a new contract signed Tuesday, down from...

Biofuels producers, farmers not sold on switch to electric

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DES MOINES, Iowa — The president and auto industry maintain the nation is on the cusp of a gigantic shift to electric vehicles and...

Electric van production planned at former Hummer site

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MISHAWAKA, Ind. — An Indiana factory that once produced Hummers will be churning out electric vehicles later this year. ...

Report: Animation company got $49M in excessive tax credits

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HARTFORD, Conn. — Blue Sky Studios, the company behind “Ice Age” and other animated films, received $49 million more in Connecticut state tax credits...

IRS warns of phishing scam targeting colleges, universities

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The Internal Revenue Service issued a warning Tuesday about a phishing scam targeting students and staff at educational institutions who have an .edu email...

Student loan relief extended to some privately held loans

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The federal government’s pause on student loan payments is being extended to more than 1 million borrowers who have defaulted on student loans that...

Liz Weston: If you need to find tax help, try DIY first

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Getting help from the IRS this tax season is going to be a challenge. ...

Clyburn: COVID relief bill will boost Dems in 2022 midterms

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COLUMBIA, S.C. — With a White House-led public relations push outlining its benefits for citizens, the pandemic relief bill known as the “American Rescue...

COVID tax break could open door to student loan forgiveness

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The tax break on college debt cancellations in the COVID-19 relief package signed last week by President Joe Biden has removed a potential roadblock...

Automakers embrace electric vehicles. But what about buyers?

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DETROIT — The world’s major automakers have made something abundantly clear: They believe electric vehicles will dominate their industry in the years ahead. ...