Taxes
  • Taxes

Budget Battles

  • Poll Finds Liberals and Conservatives Agree: Tax the Super-Rich

    By Michael Rainey

    President Joe Biden has proposed a number of tax hikes on wealthy households and corporations, and it looks like some of his proposals — including a 25% minimum tax on billionaires — could win...

  • U.S. President Joe Biden visits New Mexico

    Biden Has Cut Taxes Overall: Analysis

    By Michael Rainey

    President Biden has called for raising taxes on corporations and the wealthy, but according to a new analysis by the Urban-Brookings Tax Policy Center, he has been a net tax cutter so far. In an...

  • Daniel Werfel Testifies Before US House Ways And Means Committee

    IRS Commissioner Calls for Thousands of More Employees

    By Michael Rainey

    IRS Commissioner Danny Werfel said Monday that the tax agency needs to increase its overall employment level by about 10,000 employees to be fully effective. “We're at 90,000 now,” he told students...

  • U.S. President Joe Biden Remarks In New Hampshire

    Biden Proposes a $7.3 Trillion Budget for 2025

    By Yuval Rosenberg

    President Biden on Monday proposed a $7.3 trillion budget for fiscal year 2025 that seeks to lower the costs of prescription drugs, child care and housing while also cutting the deficit by $3...

  • U.S. President Biden hosts White House event to celebrate the anniversary of the 2022 Inflation Reduction Act legislation in Washington

    Biden’s SOTU Pitch: Tax the Rich and Businesses

    By Michael Rainey

    President Joe Biden will deliver his State of the Union address to Congress this evening, and some political analysts are calling it the most important moment in his decades-long political career...

  • Biden Eyeing Four Major Tax Increases: Report

    By Michael Rainey

    President Joe Biden is expected to unveil the infrastructure portion of his “Build Back Better” program on Wednesday, and administration officials have signaled that the proposal could cost upwards...

  • NFL: Super Bowl LI-New England Patriots vs Atlanta Falcons

    Let the ‘Super Bowl of Tax Reform’ Begin!

    By Michael Rainey

    Newly installed as chair of the powerful Senate Budget Committee, Sen. Bernie Sanders (I-VT) released two proposals Thursday that would increase taxes on the wealthy and corporations. One proposal...

  • FILE PHOTO: U.S. President Biden speaks with Asian-American leaders at Emory University in Atlanta, Georgia

    Next Up for Biden: A $3 Trillion Spending Plan

    By Yuval Rosenberg

    President Joe Biden’s economic advisers are preparing a sweeping $3 trillion spending plan that would focus on jobs, infrastructure and climate change but also include a range of other policy...

  • What the Top 1% Are Hiding From the IRS

    By Michael Rainey

    Tax evasion among the wealthiest Americans is more substantial than previously estimated, according to a new paper published by the National Bureau of Economic Research. The analysis by a team of...

  • Children in shadow

    IRS Warns of Possible Delays in Anti-Poverty Program

    By Michael Rainey

    IRS Commissioner Charles Rettig warned Congress that his agency may have a hard time executing a new program designed to reduce child poverty. In testimony Thursday in front of the House Ways and...