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When the White House announced President Joe Biden’s American Jobs Plan, the $2.3 trillion infrastructure plan it paired it with a tax plan it promised would “make sure corporations pay their fair...
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A bipartisan group of House members from high-tax states on Thursday launched a caucus focused on repealing the $10,000 limit on state and local tax deductions imposed as part of the 2017 Republican...
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Rep. Kevin Brady (R-TX), the ranking Republican on the tax-writing House Ways and Means Committee, announced Wednesday that he will retire from Congress at the end of his term.
“This term, my 13th,...
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The U.S. government said Wednesday that it had sent out another round of $1,400 Economic Impact Payments, more commonly called stimulus checks. This batch, the fifth under the American Rescue Plan...
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Two Senate Democrats on Wednesday introduced legislation to overhaul the nation’s unemployment insurance system after the coronavirus exposed flaws in the existing structure. The sweeping proposal...
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The U.S. government is losing out on as much as $1 trillion a year or more in uncollected taxes, IRS Commissioner Charles Rettig told a Senate panel on Tuesday in calling for additional funding to...
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President Joe Biden met Monday with a bipartisan group of lawmakers as he begins what will be a weeks-long push to win congressional support for his nearly $2.3 trillion infrastructure plan.
“I’m...
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The Biden administration unveiled its first budget proposal on Friday, asking Congress for $1.52 trillion in discretionary spending for 2022, including major boosts in funding for education, health...
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Sen. Joe Manchin, the West Virginia Democrat who has emerged as a power center in the evenly divided Senate, made clear in an op-ed for The Washington Post Wednesday night that he opposes eliminating...
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President Biden on Wednesday said that compromise on his $2.25 trillion infrastructure plan was “inevitable” but that inaction was not an option.
“Democrats and Republicans will have ideas about what...
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President Biden is calling his $2.25 trillion infrastructure plan the “American Jobs Plan,” and he claimed last week that the economy will create 19 million jobs if it is passed. In celebrating a...
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HBO’s “Last Week Tonight with John Oliver” dedicated the bulk of Sunday night’s episode to an in-depth look at the $28 trillion national debt, which Oliver called “an absolute f--- ton of money.”
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