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Time of India
18 hours ago
- Automotive
- Time of India
US Senate Republicans seek to end EV tax credit by September 30
U.S. Senate Republicans late Friday released a revised tax and budget bill that would end the $7,500 tax credit on new electric vehicle sales and leases on September 30 as well as the $4,000 tax credit for used EVs. The prior version would have ended the credit for new sales 180 days after the bill was signed into law, 90 days for used vehicles and immediately ended the credit for leased vehicles not assembled in North America and meeting other requirements. Republicans have taken aim at EVs on a number of fronts, a reversal from former President Joe Biden's policy that encouraged electric vehicles and renewable energy to fight climate change and reduce emissions. The House of Representatives version would allow the $7,500 new-EV tax credit to continue through the end of 2025, and through the end of 2026 for automakers that have not yet sold 200,000 EVs before killing it. The Senate bill also includes a provision to eliminate fines for failing to meet Corporate Average Fuel Economy rules in a move aimed at making it easier for automakers to build gas-powered vehicles. Live Events The Republican bill exempts interest paid on auto loans from taxes for new cars made in the U.S. through 2028, but phases it out for individual taxpayers making more than $100,000 annually. Senate Republicans dropped a bid to force the U.S. Postal Service to scrap thousands of electric vehicles and charging equipment in the bill following a ruling from the Senate parliamentarian. The U.S. Postal Service has 7,200 electric vehicles, made up of Ford e-Transit and specially built Next Generation Delivery Vehicles built by Oshkosh Defense and warned scrapping its EVs would cost it $1.5 billion. President Donald Trump this month signed a resolution approved by Congress to bar California's landmark plan to end the sale of gasoline-only vehicles by 2035, which has been adopted by 11 other states representing a third of the U.S. auto market.


Miami Herald
a day ago
- Entertainment
- Miami Herald
USPS Shares Update For Holiday Season 2025
The U.S. Postal Service (USPS) announced the release of its new holiday-themed and Elie Wiesel commemorative stamps on Thursday, marking preparations for the 2025 holiday season. USPS also confirmed important 2025 stamp release dates, and directed customers to its official sales channels ahead of the holiday surge. The holiday season remains the busiest period for USPS, with hundreds of millions of packages and cards sent between Thanksgiving and New Year's Day. New Holiday Cheer Stamp Designs for 2025 USPS released details of four new holiday-themed stamps, each presented in booklets of 20. The designs feature amaryllis flowers, a holly wreath, an evergreen branch with fruit, and cardinals on mistletoe. The images were created using a collage technique, combining gouache and acrylic paint on vintage gardening book paper, then arranged on archival cotton board. The stamps were designed by Derry Noyes, with original artwork from Denise Fiedler. Elie Wiesel Honored in New Stamp Issue The 18th stamp in the "Distinguished Americans" series honors Elie Wiesel (1928–2016), Nobel Peace Prize laureate and Holocaust survivor. The stamp features a black-and-white photograph from 1999 by Sergey Bermeniev and is designed for 2-ounce mail. Wiesel's decades of writings and advocacy continue to serve as a source of inspiration, the USPS said in its announcement. Release Dates and Ceremony Locations The USPS confirmed release dates and cities for its upcoming specialized stamps. The Holiday Cheer stamps will be available starting September 13 in Washington, D.C., while the Elie Wiesel stamp will debut on September 17 in New York. Additional 2025 USPS stamp releases include tributes to the U.S. Army, U.S. Navy, U.S. Marine Corps on their 250th anniversaries, a World Stamp Show-themed issue for Boston 2026, and a new American Flag Forever stamp. How to Purchase Holiday and Commemorative Stamps USPS customers may buy stamps online at The Postal Store, by phone, by mail through USA Philatelic, and at select post offices nationwide. Licensed collectible stamp products are also available on Amazon. Operational Plans and USPS Holiday Schedule for 2025 USPS will observe standard federal holiday closures, including no mail delivery on Christmas Day, New Year's Day, Thanksgiving, and other official holidays. The agency encourages customers to plan early for holiday season due to increased parcel volume and potential delays. USPS chief performance officer and executive vice president Joshua Colin said ahead of the holiday season last year: "Thanks to the substantial progress we have made under the Delivering for America plan, we are ready and confident to handle the holiday surge... Our ability to move packages and mail throughout our network has never been stronger. USPS continues to be the most affordable and reliable way to ship packages and mail this holiday season and year-round." Stamp issues planned for the rest of the year include a SpongeBob SquarePants series, a luna moth stamp, and the Boston 2026 World Stamp Show. Related Articles USPS Announces Changes to Stamps: What to KnowUSPS Launches New US Flag StampMap Shows Cities Where Dogs Bite USPS Workers Most 2025 NEWSWEEK DIGITAL LLC.


Newsweek
a day ago
- General
- Newsweek
USPS Shares Update For Holiday Season 2025
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The U.S. Postal Service (USPS) announced the release of its new holiday-themed and Elie Wiesel commemorative stamps on Thursday, marking preparations for the 2025 holiday season. USPS also confirmed important 2025 stamp release dates, and directed customers to its official sales channels ahead of the holiday surge. Why It Matters The holiday season remains the busiest period for USPS, with hundreds of millions of packages and cards sent between Thanksgiving and New Year's Day. New stamp designs: a trio of amaryllis flowers, a holly wreath, an evergreen branch decorated with fruit, and cardinals perched on mistletoe (L), and the 18th stamp in the Distinguished Americans series (R) honoring humanitarian... New stamp designs: a trio of amaryllis flowers, a holly wreath, an evergreen branch decorated with fruit, and cardinals perched on mistletoe (L), and the 18th stamp in the Distinguished Americans series (R) honoring humanitarian Elie Wiesel (1928-2016). More USPS What To Know New Holiday Cheer Stamp Designs for 2025 USPS released details of four new holiday-themed stamps, each presented in booklets of 20. The designs feature amaryllis flowers, a holly wreath, an evergreen branch with fruit, and cardinals on mistletoe. The images were created using a collage technique, combining gouache and acrylic paint on vintage gardening book paper, then arranged on archival cotton board. The stamps were designed by Derry Noyes, with original artwork from Denise Fiedler. Elie Wiesel Honored in New Stamp Issue The 18th stamp in the "Distinguished Americans" series honors Elie Wiesel (1928–2016), Nobel Peace Prize laureate and Holocaust survivor. The stamp features a black-and-white photograph from 1999 by Sergey Bermeniev and is designed for 2-ounce mail. Wiesel's decades of writings and advocacy continue to serve as a source of inspiration, the USPS said in its announcement. Release Dates and Ceremony Locations The USPS confirmed release dates and cities for its upcoming specialized stamps. The Holiday Cheer stamps will be available starting September 13 in Washington, D.C., while the Elie Wiesel stamp will debut on September 17 in New York. Additional 2025 USPS stamp releases include tributes to the U.S. Army, U.S. Navy, U.S. Marine Corps on their 250th anniversaries, a World Stamp Show-themed issue for Boston 2026, and a new American Flag Forever stamp. How to Purchase Holiday and Commemorative Stamps USPS customers may buy stamps online at The Postal Store, by phone, by mail through USA Philatelic, and at select post offices nationwide. Licensed collectible stamp products are also available on Amazon. Operational Plans and USPS Holiday Schedule for 2025 USPS will observe standard federal holiday closures, including no mail delivery on Christmas Day, New Year's Day, Thanksgiving, and other official holidays. The agency encourages customers to plan early for holiday season due to increased parcel volume and potential delays. What People Are Saying USPS chief performance officer and executive vice president Joshua Colin said ahead of the holiday season last year: "Thanks to the substantial progress we have made under the Delivering for America plan, we are ready and confident to handle the holiday surge... Our ability to move packages and mail throughout our network has never been stronger. USPS continues to be the most affordable and reliable way to ship packages and mail this holiday season and year-round." What Happens Next Stamp issues planned for the rest of the year include a SpongeBob SquarePants series, a luna moth stamp, and the Boston 2026 World Stamp Show.
Yahoo
4 days ago
- Automotive
- Yahoo
Parliamentarian rules against Senate effort to force Postal Service to sell off EVs
The Senate parliamentarian says Republicans cannot include a measure that would force the sale of electric vehicles (EVs) used by the U.S. Postal Service in their 'big, beautiful bill.' The sweeping GOP budget and policy bill included a provision that would have required the General Services Administration, which handles the equipment used by government agencies, to sell all electric vehicles owned by the Postal Service. But Democrats announced on Sunday that the parliamentarian, a nonpartisan arbiter of the upper chamber's rules, found that this provision did not pass muster. 'There is no better way to define this Big Beautiful Betrayal of a bill than families lose, and billionaires win,' Sen. Jeff Merkley (D-Ore.) said in a written statement alongside the announcement. 'The Byrd Rule is enshrined in law for a reason, and Democrats are making sure it is enforced.' The Republican bill seeking to advance much of President Trump's agenda is going through a special process known as budget reconciliation that allows it to avoid the Senate's typical 60-vote threshold and pass with a simple majority — avoiding the need for any Democratic votes in the process. However, to qualify for reconciliation, the policies that are included in the bill need to comply with the Byrd Rule, which prevents 'extraneous' measures from being included in this type of legislation. 'This is part of the back and forth, and not a big deal,' said a written statement from a spokesperson for Sen Rand Paul (R-Ky.), who chairs the Senate Homeland Security and Governmental Affairs Committee. 'If we won everything on the first round, that means we weren't being aggressive enough. We have contingency plans and will continue to pursue reforms that put the taxpayer first,' the spokesperson said. While the parliamentarian ruled against this provision, a policy that would rescind funds passed by Democrats for the purchase of additional EVs and chargers by the Postal Service is allowed to remain in the bill. —Updated at 3:11 p.m. EDT Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


The Hill
5 days ago
- Automotive
- The Hill
Parliamentarian rules against Senate effort to force Postal Service to sell off EVs
The Senate parliamentarian says Republicans cannot include a measure that would force the sale of electric vehicles (EVs) used by the U.S. Postal Service in their 'big, beautiful bill.' The sweeping GOP budget and policy bill included a provision that would have required the General Service Administration, which handles the equipment used by government agencies, to sell all electric vehicles owned by the Postal Service. But Democrats announced on Sunday that the parliamentarian, a nonpartisan arbiter of the upper chamber's rules, found that this provision did not pass muster. 'There is no better way to define this Big Beautiful Betrayal of a bill than families lose, and billionaires win,' Sen. Jeff Merkley (D-Ore.) said in a written statement alongside the announcement. 'The Byrd Rule is enshrined in law for a reason, and Democrats are making sure it is enforced.' The Republican bill seeking to advance much of President Trump's agenda is going through a special process known as 'budget reconciliation' that allows it to avoid the Senate's typical 60-vote threshold and pass legislation with a simple majority — avoiding the need for any Democrat votes in order to pass the bill. However, to qualify for reconciliation, the policies that are included in the bill need to comply with the 'Byrd Rule' which prevents 'extraneous' measures from being included in this type of legislation.