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5 mins read
What a Trump or Harris presidency would mean for your tax bill
BI looked at how Harris and Trump's tax policies could impact high- and low-income earners, as well…
Juliana Kaplan,Bryan Metzger
5 mins read
Kamala Harris' tax plan for small businesses sounds like it will cost a lot of money — it won't
The proposal may represent an opportunity for bipartisan agreement, as experts told BI that neither…
Alice Tecotzky
4 mins read
The top 5% will benefit from Trump's tax plans while the rest of America pays more, a new analysis says
Trump's proposed tariffs could hurt lower earners' wallets, while extending the former president's …
Juliana Kaplan,Ayelet Sheffey
4 mins read
Millions of Americans could lose out on more than $700 in healthcare benefits if Congress doesn't keep these tax credits
Pandemic-era subsidies drove enrollment in Obamacare. Now, millions of Americans could see costs r…
John Towfighi
4 mins read
Where Kamala Harris' VP pick Tim Walz stands on economic policies
Vice President Kamala Harris' running mate Minnesota Gov. Tim Walz may be exactly who she needed to…
Noah Sheidlower
2 mins read
With strong growth momentum in India, Asian earnings growth to outpace US and Europe this year: Report
Reserve Bank of India's (RBI) latest monetary policy report predicts a robust growth rate of 7.2 pe…
ANI
2 mins read
The House passes a bill to give parents a boosted child tax credit and businesses tax relief
Families that are covered under the legislation could see their 2023 taxes cut by $680.
Juliana Kaplan,Ayelet Sheffey…
2 mins read
A shocking chart shows how Democrats want to give a tax cut to the top 1% that's 6 times bigger than any other wealth bracket
An analysis from the Tax Policy Center shows a huge tax cut for the 1% who make between $500,000 an…
Andy Kiersz,Ben Winck
3 mins read
More than half of American households didn't pay any federal income tax last year
"The number of households who paid no income tax last year truly was eye-popping," wrote Howard Gle…
Madison Hoff
1 min read
Insurance policies where premium is above ₹5L no more tax exempt
Insurance policies where the premium is over Rs 5 lakh will no longer be tax exempt, as per the pro…
6 mins read
The Trump-supporting governor of Montana is staking his reelection on a set of 'miracle' YIMBY housing policies
Montana Gov. Greg Gianforte is touting a slew of bipartisan housing bills celebrated by YIMBYs acro…
Eliza Relman
2 mins read
Biden wants to hit billionaires like Elon Musk with a new tax on their fortunes. But his budget plan actually pivots to the center.
Biden also seeks big boosts to defense spending, which is triggering sharp criticism from Bernie Sa…
Joseph Zeballos-Roig
3 mins read
A policy that's supposed to create more affordable housing often backfires, leaving cities with higher home prices and rents. There's a way to fix that.
Inclusionary zoning is often so expensive that developers build less housing overall. Making it vol…
Eliza Relman
4 mins read
Goldman Sachs CEO warns taxes could be NYC's downfall, saying urban centers aren't guaranteed a 'permanent place in the world'
David Solomon says NYC "has to be aware that there are good choices" it can make to stay attractive…
Jason Lalljee
2 mins read
Russia may have to raise taxes to meet the spiraling cost of invading Ukraine: UK intel
The Kremlin will likely have to hike taxes and reduce spending to compensate for the high spending …
Thibault Spirlet
2 mins read
Manchin spars with GOP senator over the Trump tax cuts, saying they were 'unfairly' tilted for the wealthiest Americans
Manchin went back and forth with GOP Sen. Roger Wicker. He also raised new hope of a deal on Presid…
Joseph Zeballos-Roig
3 mins read
Biden's plan to tax billionaires relies on one simple fact: Average Americans pay more of their income in taxes than the wealthy
A famous report from two Berkeley economists shows how the wealthiest Americans pay a lower effecti…
Ben Winck,Madison Hoff
1 min read
Billionaire Jamie Dimon says the rich should pay more to fund tax cuts for lower-income Americans
JPMorgan CEO Jamie Dimon said the US government should expand federal tax credits for struggling lo…
Sawdah Bhaimiya
4 mins read
Senate Democrats are edging closer to a deal with Manchin to resurrect Biden's economic agenda. They'll face Sinema next.
Democrats crafted a new surtax on millionaires after Sinema stopped them from rolling back Trump ta…
Joseph Zeballos-Roig
3 mins read
37 House Democrats roll out a bill to hit AR-15-style weapons with a 1,000% tax that could pass Congress without Republican support
"Congress must take action to stem the flood of weapons of war into American communities," Rep. Don…