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3 mins read

House Democrats unveil plan to raise taxes on Amazon, Microsoft, and other wealthy corporations and Americans making over $5 million

The House Ways and Means's plans to hike corporate taxes to 26.5% and capital gains to 25% are all …

Ayelet Sheffey   


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A leaked tax plan draft shows how Democrats want to raise $2.9 trillion from wealthy Americans and big corporations, rolling back Trump-era tax cuts

A document circulating among House Democrats says high-earning Americans with incomes over $5 milli…

Joseph Zeballos-Roig,Juliana …   


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2 mins read

12 weeks of paid family leave made it into Democrats' early plan for $3.5 trillion in social spending

Republicans are lining up in opposition to Biden's plan, which is set to be funded with tax hikes o…

Joseph Zeballos-Roig,Juliana …   


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Biden wants to spend $225 billion in his new plan to give you guaranteed sick and family time off work

Biden's American Families Plan would guarantee 12 weeks of paid leave by its 10th year and would pr…

Ayelet Sheffey,Juliana Kaplan   


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30 million people may now get their $1,400 stimulus checks after the Social Security Administration released new information

House Democrats had given the Social Security Administration a 24-hour deadline to provide the IRS …

Ayelet Sheffey   


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Nearly 7 million tax returns haven't been processed by the IRS because of stimulus changes

Lawmakers requested the IRS extend the tax filing deadline and remove the requirement to file amend…

Ayelet Sheffey   


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2 mins read

2 key House Democrats want the IRS to extend tax filing season, citing 'titanic strain' on taxpayers

The IRS extended tax filing season by 3 months last year, and Democrats and accountants are calling…

Ayelet Sheffey   


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3 mins read

Biden asked for 6 months of extra unemployment benefits. Here's why House Democrats gave him 5.

President Joe Biden called for unemployment benefits to be extended through September, but the Hous…

Ayelet Sheffey   


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2 mins read

House Democrats unveil stimulus measures to extend $400 monthly unemployment benefits through the end of August

This measure contrasts with President Joe Biden's proposal to extend unemployment benefits through …

Ayelet Sheffey   


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6 mins read

Here's what Trump's tax returns could mean for the investigations into his finances

Donald Trump has fought hard to keep his personal tax returns, and the Trump Organization's a secre…

Jacob Shamsian   


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4 mins read

Democrats roll out a plan to provide up to $300 checks monthly to parents with kids 17 and under

The payments would vary depending on the child's age. Democrats are racing to approve President Joe…

Joseph Zeballos-Roig   


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3 mins read

Rep. Richard Neal defeats primary challenger Alex Morse in Massachusetts' 1st District

Morse, the 31-year-old mayor of Holyoke, ran a progressive campaign challenging Neal, one of the mo…

Jake Lahut,Grace Panetta   


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4 mins read

The House passes the Inflation Reduction Act, sending it to Biden for his signature

It caps a year-long drama with multiple near-death experiences for the Democratic climate, health, …

Joseph Zeballos-Roig,Brent D.…   


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2 mins read

Juliana Kaplan,Joseph Zeballo…   


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Joe Manchin signals he may not back Biden's social spending plan until 2022, risking an abrupt cutoff for monthly child tax credit checks

Nearly 35 million families could lose monthly checks if the spending fight drags into next year. Fi…

Joseph Zeballos-Roig   


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3 mins read

Elon Musk would pay 10 times more under Ron Wyden's billionaires' tax than if he sold 10% of his Tesla stake right now

Under Wyden's "billionaires tax," Insider calculates Musk would pay a tax on the $168 billion jump …

Ben Winck,Andy Kiersz   


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3 mins read

Pelosi says paid leave is back in the social spending bill, daring Manchin to tank the popular provision

House Speaker Nancy Pelosi wrote to Democrats on Monday that she's asked for 4 weeks of paid leave …

Ayelet Sheffey,Juliana Kaplan…   


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3 mins read

248 millionaires are calling for Democrats to tax billionaires' income. 'We have a rare opportunity to reform our broken tax code.'

Signatory Morris Pearl said there's a fear rich people might "go on strike" if taxes go up, but the…

Juliana Kaplan   


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The big tax break for New Yorkers and Californians that Trump wiped out in 2017? Democrats are determined to bring it back.

Trump's 2017 tax law limited the SALT deduction tax break. Some Democrats want to bring it back but…

Juliana Kaplan,Joseph Zeballo…   


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A tax on billionaires is up in the air as Democrats' top tax writers in House and Senate squabble over whether or not it's dead

The proposal that would target billionaires is out, Richard Neal told Bloomberg, but Ron Wyden told…

Kelly McLaughlin