Newsletter Archive

March 2021

IRS Delays Tax Filing Deadline

Facing a huge backlog of unprocessed tax returns and growing calls from accountants and lawmakers to extend this year’s filing period given the changes to the tax code in President Biden’s Covid relief plan, the Internal Revenue Service is…

Plus: Plus, $242 billion in stimulus checks

The Stimulus Checks Are Coming

The latest round of Covid relief payments will start reaching many checking and savings accounts at big banks by 9 a.m. on Wednesday, according to the trade group that governs the ACH Network payment system.

Plus: Plus, Dems move beyond Obama legacy

Biden Plans First Major Tax Hike Since 1993

President Joe Biden on Monday tapped economist Gene Sperling, who served as head of the National Economic Council in both the Clinton and Obama administrations, to oversee implementation of the newly signed $1.9 trillion Covid rescue plan.

Plus: Plus, the president names a new Covid relief czar

Biden’s Bet on Big Government

With the passage of President Biden’s American Rescue Plan, the federal government has now provided more than $5 trillion in relief and stimulus spending in response to the Covid-19 pandemic over the last year, leading some to wonder if we…

Plus: Plus, 3 takeaways from the president's speech

The Tax Hikes Tucked Into Biden’s Covid Relief Plan

President Joe Biden signed a sweeping economic package into law Thursday, a day earlier than originally planned and just a few hours before addressing the nation to promote the massive relief effort.

Plus: Plus, Biden's blitz to sell his stimulus

Big Win for Biden: Congress Passes Historic Covid Relief Bill

The House passed President Joe Biden’s massive $1.9 trillion America Rescue Plan on Wednesday, giving final approval to a sweeping package that provides emergency pandemic aid and also authorizes a wave of federal spending to dramatically,…

Plus: Plus, why debate over the plan is far from over

Tax Pros Call on Congress to Delay Filing Deadline

President Joe Biden’s $1.9 trillion Covid relief bill is on track to become law on Wednesday, and while you may be understandably most concerned about what it means for you — how big a “stimulus check” you’ll get and when you can expect it…

Plus: Plus, Why Biden's Covid relief win is a really big deal

Democrats Near the Finish Line on Covid Relief Bill

Democrats have two steps left in passing their $1.9 trillion Covid relief bill and delivering President Joe Biden his first major legislative win — a historically large, deficit-financed package that promises to send $1,400 direct payments…

Plus: Plus, when stimulus payments will go out

Covid Relief Bill Stalls in Fight Over Unemployment Benefits

Senate Democrat’s push to pass President Joe Biden’s $1.9 trillion Covid relief bill stalled out on Friday, leaving party leaders scrambling to ensure that they’d have the votes needed for passage. The uncertainty centered on whether Sen…

Plus: Plus, what the jobs numbers mean for Biden's bill

GOP Turns to Delay Tactics to Stall Covid Relief Bill

The Senate on Thursday afternoon began what promises to be a lengthy debate over a modified version of President Joe Biden’s $1.9 trillion coronavirus relief package, with Senate Majority Leader Chuck Schumer (D-NY) pledging to pass the…

Plus: Plus, lingering doubts about Biden's plan