A pandemic benefit that many progressives hoped to make permanent has lapsed in a congressional standoff. Researchers say it spared many from poverty....
The Farmers-to-Families Food Box Program championed by Ivanka Trump wasted taxpayer dollars, delivered rotten food, and was used for Donald Trump’s political gain, a new report finds....
Press secretary Jen Psaki told reporters the move is under consideration given that President Biden’s larger economic agenda is not likely to pass by the end of the year....
Overnight Tuesday to Wednesday, Trump’s attorneys told the court they would appeal the decision to allow the House Ways and Means Committee to obtain his tax returns....
The House Ways and Means Committee says it wants Trump’s taxes to see if the Internal Revenue Service is following its policy and auditing every president’s tax returns....
A dispute between Ron Wyden, the Democratic Senate Finance Committee chairman, and his hedge fund-manager son illustrates how the merely rich help the fabulously rich resist tax increases....
Tax experts say the Bidens used a tax-avoidance strategy to skirt hundreds of thousands of dollars in Medicare taxes, but is it hypocrisy or clever tax planning?...
What ‘if Congress changes hands in a couple years here and a Republican chairman of the Ways and Means Committee asks for Hunter Biden’s tax returns,’ McFadden proposed to a DOJ lawyer on Tuesday....
Democrats want to raise the cap of the state and local tax (SALT) deduction from $10,000 to $80,000, undoing a signature part of President Trump’s 2017 tax cuts. It would be retroactive for 2021....
A fierce dispute has erupted among economists about whether the president’s child-tax credit expansion will cause parents to stop working. We explain the debate....
Comments by Republican believed to hold presidential ambitions questioning Biden’s mental health could also apply to TrumpThe former Trump cabinet member Nikki Haley was accused of ageism, as well as a startling lack of awareness about senior figures in her own party,...
US heralds ‘reshaping of rules of the global economy’Win for Biden comes amid domestic deadlock on spendingSecret Negotiator: G20 must say goodbye to fossil fuelLeaders of the world’s 20 biggest economies will endorse a US proposal for a global minimum corporate tax...
The G-20 summit that opens Saturday in Rome will mark the first time in two years that some of the world’s most powerful leaders have met in person. ...
The proposal to fund the president’s sprawling spending plan mostly turns up the dial on more conventional tax policies, while trying to curb maneuvers that allow tax avoidance....
President’s $1.75tn spending framework includes investments in childcare and healthcare, but 12 weeks of paid family leave is outJoe Biden on Thursday released the framework of a $1.75tn social and climate spending proposal after weeks of fraught negotiations with...
The former president is estimated to be worth $2.5 billion, potentially making him one of the 700 ultra-wealthy Americans who would be subjected to Democrats’ ambitious tax plan if it went into effect....
Lawmakers are racing to finalize legislation to pay for new spending initiatives. The process usually takes months, but they are trying to do it in days....
Proposed tax would hit gains of those with more than $1bn in assets or incomes of more than $100m a yearSenate Democrats on Wednesday unveiled a new billionaires’ tax proposal, an entirely new entry in the tax code designed to help pay for Joe Biden’s sweeping...
New proposals would fund social and climate programs by tapping billionaires’ unrealized gains and by ensuring that the biggest companies cannot avoid income taxes altogether....
When Sen. Elizabeth Warren ended her presidential run, rivals said she was too far to the left for voters. Now Democrats are resurrecting the ‘wealth tax’ at the heart of her campaign — at a critical moment for Biden....
Senator Kyrsten Sinema’s refusal to accept corporate, individual or capital gains tax rate increases has led Democrats to consider proposals once championed by the party’s most liberal flank....
The new strategy could deeply cut greenhouse gases that are heating the planet but it will still face considerable political, logistical and legal hurdles....
Responding to concerns from a key centrist, Senator Kyrsten Sinema of Arizona, the White House and leading Democrats are instead discussing a range of other taxes to pay for the plan....
Since 2015 the Trump Organization has challenged the town of Ossining, NY’s valuation of its luxury private golf course. The investigation is being led by a former MSNBC analyst....
Faced with the likely demise of a central pillar of President Biden’s agenda, the White House and outraged lawmakers are scrambling to find alternatives....
The Trump Organization is arguing that NYC can’t terminate its lease over Trump Golf Links at Ferry Point because of the Capitol riot. But the city is willing to pay them millions to leave....
International reaction to offshore data leak ranges from pledges to clamp down to anger and cries of old newsSee all of our Pandora papers coverageThe Pandora Papers’ revelations prompted an avalanche of international reaction on Monday, ranging from solemn government...
The House minority leader charged that the president “lied” about his promise not to raise taxes on people making under $400,000, but he’s relying on some fishy metrics....
Former president says billionaires should ‘pay a little bit more in taxes’ to fund healthcare, childcare and the climate crisis fightIn deep red West Virginia, Biden spending plan is popularBarack Obama says wealthy Americans – including himself – can afford tax rises...
With Arizona’s iconoclastic senator cool to increased tax rates, the Senate Finance Committee is drafting a carbon dioxide fee to fund a budget bill....
