The GOP’s False, Fearmongering Claims About the IRS’s New Funding
Democrats’ big climate, health care and tax plan provides $79.6 billion in additional funding over 10 years for the Internal Revenue Service. That...
Former IRS, Treasury Chiefs Say Dem Bill Will Help Catch Wealthy Tax Cheats
“When you under-fund the IRS, it’s just a tax cut for tax cheats.” That’s what former IRS head John Koskinen told The New York Times last year in a...
Assessing Democrats’ Reconciliation Bill: Does It Raise Middle-Class Taxes as the GOP Claims?
As Democrats wait for the results of the parliamentary review of their proposed reconciliation budget bill – and to learn whether Sen. Kyrsten Sinema...
With Social Agenda Stalled, Democrats Prepare to Approve Billions in Corporate Tax Credits
Democrats’ ambitious social agenda under President Joe Biden included child tax credits paid directly to families and support for green energy...
Dems Working On a ‘More Business Friendly’ Tax Package: Report
Senate Democrats are reportedly working to cut back their proposed tax hikes as they look to reach a deal on a slimmed-down economic package with Sen...
A Warning Sign for the Economy From State Tax Collections?
State sales tax revenues may be flashing a warning sign for the economy: 26 states saw inflation-adjusted collections of sales taxes fall in April...
IRS Backlog Now Exceeds 21 Million
The backlog of unprocessed tax returns at the IRS has grown to more than 21 million, according to a report from the national taxpayer advocate Erin M...
Biden Calls for 3-Month Suspension of the Gas Tax
President Joe Biden on Wednesday called on Congress to declare a fuel tax holiday through September, but the request is generating little excitement...
Rick Scott Drops Tax Hike Plan That Drew Bipartisan Backlash
Republican Sen. Rick Scott of Florida on Thursday revised his proposed agenda for the GOP and ditched language that had called for all Americans to...
Surge in Individual Tax Payments Likely Driven by Capital Gains: Report
Individuals paid quite a bit more in taxes this year compared to years past, and according to an analysis by the Penn Wharton Budget Model, that surge...