Biden Has Cut Taxes Overall: Analysis
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...
IRS Commissioner Calls for Thousands of More Employees
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...
Biden’s SOTU Pitch: Tax the Rich and Businesses
President Joe Biden will deliver his State of the Union address to Congress this evening, and some political analysts are calling it the most...
Trump-Era Corporate Tax Cuts Boosted Investment, but Did Not Pay for Themselves: Analysis
The corporate tax cuts included in the 2017 Tax Cuts and Jobs Act helped boost business investment while delivering a small increase in worker pay...
IRS Crackdown on Millionaires Who Don’t File Begins
The IRS is cracking down on thousands of high-income earners who haven’t filed tax forms in years, in an effort that could yield hundreds of millions...
Top Finance Republican Blasts $78 Billion Tax Bill
Sen. Mike Crapo, the top Republican on the Finance Committee, made it clear again Wednesday that he does not support the $78 billion tax bill that...
Quote of the Day: It Takes Two to Tango
“It’s only fair to have both revenue and expenditures on the table. The last time there was a fix to Social Security that addressed the solvency for...
IRS Chief Warns Budget Cuts Would Raise the Deficit, Hurt Taxpayer Service
IRS Commissioner Danny Werfel cautioned lawmakers Thursday against cutting his agency’s budget, warning that it would both raise the deficit and...
House Rejects Effort to Boost SALT Deduction
In a procedural vote Wednesday, the House rejected a bill that would double the state and local income tax (SALT) deduction for some filers. The vote...
House Easily Passes Bipartisan Tax Bill. Will Senate GOP Derail It?
The House on Tuesday night easily passed a $78 billion bipartisan bill to increase the Child Tax Credit and restore some business tax breaks through...