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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
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 …
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 …
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
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
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
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
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
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
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
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
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
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.…
The top IRS watchdog looking out for taxpayers says the agency is 'in crisis' and buried in paper — and that she's worried about long refund delays for 2022
Senate Democrats are eyeing ways to beef up the IRS before the April tax-filing deadline or extend …
Juliana Kaplan,Joseph Zeballo…
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
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
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…
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
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…
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…