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21 May 2023, 9:00 pm
If the debt ceiling is unconstitutional, then Treasury simply continues to issue debt even after the debt ceiling is reached. [read post]
21 May 2023, 7:12 pm
Additionally, the Public Debt Clause refers to the "public debt of the United States," which the good folks at the WSJ interpret to mean publicly held US Treasury obligations (query if that would exclude the special Treasury obligations held by Social Security...). [read post]
19 May 2023, 2:02 pm
A manufactured product incorporated as a component of a qualifying facility will count as domestic if it is manufactured in the United States from U.S. [read post]
19 May 2023, 8:40 am
This shows why the federal prioritization of delivering fiber to everyone in the United States is the right call. [read post]
18 May 2023, 6:41 am
Treasury Department under the Bank Secrecy Act. [read post]
18 May 2023, 5:16 am
Not long after, on Aug. 17, the board of United Co. [read post]
17 May 2023, 10:00 pm
The Internal Revenue Service and US Department of the Treasury released Notice 2023-38 on May 12, which establishes rules for testing an applicable “green” energy facility’s eligibility for a bonus federal income tax credit amount (or “adder”) attributable to the steel, iron, or manufactured product that is a component of such facility being produced in the United States as enacted under the Inflation Reduction Act of 2022. [read post]
17 May 2023, 10:00 pm
The Internal Revenue Service and US Department of the Treasury released Notice 2023-38 on May 12, which establishes rules for testing an applicable “green” energy facility’s eligibility for a bonus federal income tax credit amount (or “adder”) attributable to the steel, iron, or manufactured product that is a component of such facility being produced in the United States as enacted under the Inflation Reduction Act of 2022. [read post]
17 May 2023, 10:00 pm
The Internal Revenue Service and US Department of the Treasury released Notice 2023-38 on May 12, which establishes rules for testing an applicable “green” energy facility’s eligibility for a bonus federal income tax credit amount (or “adder”) attributable to the steel, iron, or manufactured product that is a component of such facility being produced in the United States as enacted under the Inflation Reduction Act of 2022. [read post]
17 May 2023, 10:00 pm
The Internal Revenue Service and US Department of the Treasury released Notice 2023-38 on May 12, which establishes rules for testing an applicable “green” energy facility’s eligibility for a bonus federal income tax credit amount (or “adder”) attributable to the steel, iron, or manufactured product that is a component of such facility being produced in the United States as enacted under the Inflation Reduction Act of 2022. [read post]
17 May 2023, 10:00 pm
The Internal Revenue Service and US Department of the Treasury released Notice 2023-38 on May 12, which establishes rules for testing an applicable “green” energy facility’s eligibility for a bonus federal income tax credit amount (or “adder”) attributable to the steel, iron, or manufactured product that is a component of such facility being produced in the United States as enacted under the Inflation Reduction Act of 2022. [read post]
17 May 2023, 10:00 pm
The Internal Revenue Service and US Department of the Treasury released Notice 2023-38 on May 12, which establishes rules for testing an applicable “green” energy facility’s eligibility for a bonus federal income tax credit amount (or “adder”) attributable to the steel, iron, or manufactured product that is a component of such facility being produced in the United States as enacted under the Inflation Reduction Act of 2022. [read post]
17 May 2023, 9:02 pm
”That sentence is actually an improvement on something that McConnell told Politico in an article that was published the same day as the Times op-ed: “If the president, on his own authority, ordered the issuance of new bonds, they would not be backed by the United States and investors would be foolish to buy them. [read post]
17 May 2023, 6:55 pm
The provision at issue provides that the "validity of the public debt of the United States, authorized by law . [read post]
16 May 2023, 9:01 pm
House Republicans show no sign of releasing the hostages, continuing their threat to try to force the United States into defaulting on its obligations for the first time in history. [read post]
15 May 2023, 9:05 pm
(citing risk of the United States becoming known as a “deadbeat country”). [10] Neil H. [read post]
15 May 2023, 12:41 pm
At a high level, under the Inflation Reduction Act the Domestic Content Bonus Requirements are satisfied if (i) 100% of any steel or iron that is a component of the facility was produced in the United States (the “Steel or Iron Requirement”), (ii) 40% of manufactured products that are components of the facility were produced in the United States (the “Manufactured Products Requirement”), and (iii) the taxpayer certifies to (i) and… [read post]
15 May 2023, 8:23 am
It does not make it unconstitutional for the United States to run out of money. [read post]
15 May 2023, 5:30 am
[A synthesis of our prior writings on the meaning of “Office . . . under the United States. [read post]
15 May 2023, 3:55 am
Section VI considers how the phrase “Office under the United States” was used during the American Civil War. [read post]
