Newsletter Archive

April 2021

Who Gets Hit by Biden’s Tax Hike on Top Earners

President Biden has proposed raising the top individual income tax rate, but he has also pledged that no one making under $400,000 would see their taxes go up. Now, the White House is clarifying just who would be affected by Biden’s…

Plus: Plus, the U.S. economy hits the accelerator

What’s in Biden’s $1.8 Trillion Family Aid Plan

The Biden administration on Wednesday unveiled its proposal to provide a historic increase in federal assistance to households, with significant new spending on child care, health care, paid leave and education.

Plus: Plus, federal Medicaid spending rose by nearly 20% in one year

Biden Takes a Whack at Tax Perks for the Rich

President Joe Biden is expected to lay out his “American Families Plan” ahead of an address to Congress Wednesday, offering a package of roughly $1.5 trillion in spending that includes child-care subsidies, universal pre-K, paid and sick…

Plus: Plus, $80 billion more for the IRS?

A Gas Tax Hike to Pay for Infrastructure?

A bipartisan group of centrist House lawmakers on Friday proposed raising the gas tax as one possible way to pay for a large-scale infrastructure spending package.

Plus: Plus, Dems Democrats push for permanent changes to unemployment system

Biden Eyes a Big Tax Hike on Rich Investors

President Joe Biden will propose raising the capital gains tax rate to 39.6% for those earning more than $1 million a year, Bloomberg reported Thursday. That would roughly double the current capital gains tax rate of 20% for those high…

Plus: Plus, Republicans counter Biden with a $568 billion infrastructure plan

Dems Slam GOP Infrastructure Plan Before It's Even Released

Republicans are still working on their scaled-back counterproposal to President Joe Biden’s $2.3 trillion infrastructure plan, but Democrats say they’ve already heard enough to know the GOP offer is a non-starter.

Plus: Plus - 200 million doses of vaccine

How Broken Is the IRS?

The White House is expected to release its next major spending proposal, called the American Families Plan, before President Joe Biden’s address to Congress on April 28.

Plus: Plus - Biden's next big spending plan

The Country's Biggest Problems? Partisan Divide Is Huge

President Joe Biden held his second bipartisan infrastructure meeting with lawmakers on Monday, as Republicans try to craft a scaled-back counteroffer to the president’s $2.3 trillion plan and Democrats consider whether or how long they…

Plus: Plus - Biden's bumpy road

Companies Could Still Pay $0 in Taxes Under Biden Plan

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 share in taxes.” Administration officials…

Plus: Plus, Republicans struggle to craft an infrastructure offer