Wyden Presses Merck on How It Minimized Its Tax Rate
Senate Finance Committee Chair Ron Wyden (D-OR) has been investigating the tax practices of big pharmaceutical companies. His latest target: Merck...
The ‘Crazy’ Reason for the IRS’s Huge Tax Return Backlog
The Internal Revenue Service has a backlog of nearly 15 million paper returns as of March 18, National Taxpayer Advocate Erin Collins reported in a...
Manchin Shoots Down Biden’s Billionaire Minimum Tax
In the budget request he released this week, President Biden proposed a new 20% minimum tax on the unrealized capital gains of households worth at...
Biden Proposes Minimum Tax on the Very Rich
President Biden’s 2023 budget request includes a proposed minimum tax on extraordinarily wealthy households. Under the plan, households worth more...
What Can Dems Do About Soaring Gas Prices?
The Biden administration is looking for ways to address high gasoline prices, which are inflicting economic pain on households all over the country...
A Tax on Oil Profits That Would Be ‘Efficient and Progressive:' Analysis
Even though gasoline prices have come down slightly in the last few days, they remain quite high by historical standards and Democrats headed into...
Dems Split on How to Lower Gas Prices — or at Least Show They're Trying
With inflation at a 40-year high, Democrats have touted measures to aggressively fight price increases across a number of areas, from gas prices to...
IRS Is ‘Outgunned,’ Commissioner Rettig Says
IRS Commissioner Chuck Rettig said Thursday that his agency doesn’t have the budget or the personnel to deal with the increasingly complicated tax...
Rick Scott Doubles Down on His Controversial Plan to Raise Taxes
Republican Sen. Rick Scott of Florida is doubling down on his policy agenda — including a controversial call for all Americans to pay some income...
Republicans Clash Over Their Agenda as Biden Pitches His
President Biden is expected to lay out a lengthy agenda in his State of the Union speech tonight, touting the benefits of the bipartisan...