Market
Will the Republican party pass significant tax reform in 2024?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official legislative records from the US Congress
Story
Trump Administration Eyes Ending $7,500 EV Tax Credit Amid GOP's Shrinking Majority
Dec 2, 2024, 11:17 AM
The incoming Trump administration is considering eliminating the $7,500 electric vehicle (EV) tax credit, a move that would require Congressional approval. However, the Republican majority in the House of Representatives is expected to shrink to a razor-thin margin, potentially as small as one seat, creating significant challenges for advancing tax reforms. The EV industry is struggling to find Republican allies in Congress to preserve the tax credit, which could become a contentious issue in next year’s tax debates.
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Similar markets
No • 50%
Yes • 50%
Other Reform Passed • 25%
Income Tax Reform Passed • 25%
No Major Changes • 25%
National Sales Tax Passed • 25%
Other • 25%
Tax Reform • 25%
Healthcare Reform • 25%
Immigration Policy • 25%
Adoption of national sales tax • 25%
Simplification of current tax code • 25%
No significant changes • 25%
Other major reform • 25%