tax credit

(Newser) - Ugly Betty, long set in New York, will now be shot there too, ABC News reports. The series is moving production to the Big Apple because of the financial incentives of a new state film tax credit. The expanded tax, announced last month by Gov. David Paterson, raises the percentage...

(Newser) - The “McCain-Clinton” gas-tax vacation is an abomination of energy policy, Thomas Friedman declares in the New York Times. “This is money laundering: We borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks.”...

(Newser) - The Senate approved a $15 billion measure to address the housing slump today, including $6 billion in total tax breaks to homebuilding firms and a $7,000 tax credit for buyers of foreclosed homes. Though it passed by an 84-12 margin, opposition from President Bush and the House could yet...

(Newser) - The Senate and White House face off today over economic stimulus packages designed to get consumers spending again. With bipartisan support, the Senate Finance committee approved a $157 billion plan that would give more than $1,000 to almost every family in the US. A White House proposal, backed by...