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Tennessee is poised to spend approximately $900 million of its tax revenues on incentives, infrastructure projects and more under an agreement with Ford Motor Co. The sweeping spending package must be approved by the Republican-led General Assembly, which began that work Monday. The special legislative session was called by Republican Gov. Bill Lee. Ford and South Korean battery maker SK Innovation announced last month that it would spend $5.6 billion to build a factory to produce electric F-Series pickups. Lee has since said Tennessee offered $500 million in incentives to help secure the project. This week, the state unveiled plans to spend hundreds of millions of more. 

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Some cities are urging President Joe Biden's administration to loosen its rules for spending $350 billion of coronavirus relief money directed toward state and local governments. The American Rescue Plan already provides significant leeway on spending decisions. But local governments that can show revenue losses have even greater flexibility to spend the money as they see fit. Some cities say the Treasury Department's rule for calculating revenue losses masks the depth of their financial problems. They want the Treasury to allow them to exclude newly enacted tax hikes from the formula and to count losses on a fund-by-fund basis. The Treasury has not said when it will release a final version of its rule.

A Cabinet minister says the Dutch government is planning a multibillion euro package to help households cope with soaring energy bills. The Netherlands is the latest European nation to seek to deal with the effects of surging prices for electricity and gas. The state secretary for economic affairs and climate told reporters Friday that the government plans to slash taxes on energy in a move that would save the average household about 400 euros ($463) per year. Earlier this week, the European Union’s executive branch advised the 27 EU member countries to adopt tax cuts, state aid and other measures to help households and businesses weather the impact of high energy prices.

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The two candidates for Seattle mayor agreed that tackling an ongoing homelessness crisis was the top issue facing the the Northwest’s largest city, but they differed sharply about how to pay for that. Lorena González and Bruce Harrell also clashed over police funding and the role and responsibility that tech giant Amazon has for problems in the city where its headquarters is located. González, the City Council president and a former civil rights attorney, said Amazon and other wealthy interests need to pay more taxes. Harrell said González’s calls to cut police funding by 50% would exacerbate crime issues faced by minority and low-income neighborhoods.

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The European Union’s executive branch is advising the 27 EU member countries to adopt tax cuts, state aid and other measures to help households and businesses weather the impact of high energy prices. After the economic instability of the coronavirus pandemic, the European Commission wants a rapid response to mitigate the effects of the price hikes, especially for people living in poverty or on low incomes. The commission proposed Wednesday that countries offer income support through vouchers, bill payment deferrals or partial bill payments, which can be supported with EU revenues. Its other recommendations for national governments are introducing safeguards to avoid service disconnections, cuts in taxation rates and aid for certain companies or industries.