Economy

Electric Cars Are Too Costly for Many, Even With Aid in Climate Bill

Policymakers in Washington are promoting electric vehicles as a solution to climate change. But an uncomfortable truth remains: Battery-powered cars are much too expensive for a vast majority of Americans.Congress has begun trying to address that problem. The climate and energy package passed on Sunday by the Senate, the Inflation Reduction Act, would give buyers of used electric cars a tax credit.But automakers have...

How a New Corporate Minimum Tax Could Reshape Business Investments

WASHINGTON — At the center of the new climate and tax package that Democrats appear to be on the verge of passing is one of the most significant changes to America’s tax code in decades: a new corporate minimum tax that could reshape how the federal government collects revenue and alter how the nation’s most profitable companies invest in their businesses.The proposal is one...

Graywolf Press’s New Publisher is Looking for Talent in New Places

At an independent press editors can offer sustained attention to books “that might need a little bit more development,” she said. After years in the industry, “you see what the book can be when the writer has the capacity to work at their wildest, full potential.”Graywolf’s list includes acclaimed authors such as Carmen Maria Machado, Maggie Nelson, Percival Everett and Diane Seuss. (Giménez’s own...

The Carried Interest Loophole Survives Another Political Battle

WASHINGTON — Once again, carried interest carried the day.The last-minute removal by Senate Democrats of a provision in the climate and tax legislation that would narrow what is widely referred to as the “carried interest loophole” represents the latest win for the private equity and hedge fund industries. For years, those businesses have successfully lobbied to kill bills that aimed to end or limit...

‘Head of Team Anywhere,’ and Other Job Titles for an Uncertain Time

Here’s one sneaky sign of unsettled times: longer job titles.The past few years have thrown businesses into chaos. Millions are still working fully from home, while many others are picking up their commutes in fits and starts. A majority of people whose jobs could be done remotely were still mostly out of the office as of earlier this year, according to Pew Research Center...
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