Trump, bigger child tax credit
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It’s not just EVs that will get hit by the “One Big, Beautiful Bill," but hybrids, too.
The "one big, beautiful bill" includes a new tax break for coastal elites. It's a deduction for up to $40,000 of state and local taxes.
Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.
The quest for budget cuts could endanger the $7,500 federal electric vehicle tax credit, but it's still available.
The bill would boost the tax break to as much as $2,500 but end it for children of undocumented immigrants and married parents who file separate returns.
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