Newsletter Archive

June 2021

New Alzheimer’s Drug Will Cost Medicare Billions

Republican senators involved in bipartisan infrastructure talks said Thursday that they had reached agreement on a plan that would spend a fraction of the roughly $4 trillion proposed by President Joe Biden and pay for it without the tax…

Plus: Plus, tax gap will total $7 trillion over next decade, Treasury says

Biden Plan Would Cut Taxes for Most Americans: Analysis

Federal income taxes would rise significantly for high-income households under policies proposed by President Biden, while middle- and lower-income households would see taxes decrease, according to a new analysis by the Tax Policy Center.

Plus: Plus, a new bipartisan infrastructure proposal

Ultrarich Americans Pay Shockingly Little Income Tax: Report

President Joe Biden on Tuesday cut off stalled infrastructure talks with Senate Republicans after the two sides failed to reach agreement on the appropriate size of a spending package or how to pay for it. The White House said the Biden…

Plus: Plus, Biden ends infrastructure talks with Capito

Biden Cuts Off Infrastructure Talks With Capito

President Joe Biden on Tuesday cut off stalled infrastructure talks with Senate Republicans after the two sides failed to reach agreement on the appropriate size of a spending package or how to pay for it. The White House said the Biden…

Plus: Plus, Biden ends infrastructure talks with Capito

Biden Lands a Major Tax Deal

Finance leaders from the G7 group of advanced economies said Saturday that they had reached an agreement on establishing a minimum global corporate tax rate, a significant step forward in the Biden administration’s effort to reduce tax…

Plus: Plus, the White House outlines three paths forward on infrastructure

Biden Rejects GOP’s Latest Offer on Infrastructure

Republicans led by Sen. Shelley Moore Capito (R-WV) on Friday upped their infrastructure offer by about $50 billion, but President Biden said it’s still not enough, according to the White House. The two sides agreed to speak again on…

Plus: Plus, Biden changes his tune on jobless benefits

Biden Offers Major Concession in Infrastructure Talks

In his meeting Wednesday with the top Republican negotiator on infrastructure, President Joe Biden reportedly insisted that the GOP must accept about $1 trillion in new spending as part of any deal but indicated that he was open to…

Plus: Plus - US to send millions of vaccine doses abroad

Covid Relief Checks Sharply Reduced Suffering: Analysis

The Covid relief bills passed by Congress provided direct assistance to the majority of American households, and according to a new report from analysts at the University of Michigan, those payments had a powerful, positive impact on…

Plus: Plus - 25 states ending unemployment benefits early

Biden Announces Spending to Reduce Racial Wealth Gap

On the 100th anniversary of the massacre of Black citizens by a racist mob in Tulsa, Oklahoma, the Biden administration released details on new programs intended to reduce the long-standing racial wealth gap in America.

Plus: Plus, a make-or-break week for infrastructure talks

May 2021

Biden Takes a Huge Swing at Reshaping U.S. Economy

The White House on Friday released President Joe Biden’s budget request for 2022, detailing proposals to invest in areas such as infrastructure, education and health care.

Plus: Plus, the budget details you need to know