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Parts of Trump's 2017 tax-cut package will expire in 2025, and Biden would only extend tax breaks for individuals earning less than $400,000 a year.
By Christopher CondonJanuary 26 -
If he returns to office, Trump intends to make the individual cuts from the TCJA permanent and to keep corporate tax levels unchanged.
By Christopher CondonJanuary 9 -
Treasury Secretary Janet Yellen indicated the U.S. will be unable to sign a treaty on global tax rules in time to uphold a deal that prevents other countries from imposing new levies on some of the largest American tech companies.
By William Horobin and Christopher CondonOctober 17 -
Anxiety is growing over the pace of work to develop critical guidance on a slew of clean energy tax credits in the Inflation Reduction Act.
By Christopher Condon and Saijel KishanSeptember 19 -
The Treasury Department is trying to modernize the badly outdated agency in a bid to improve customer service and ramp up enforcement.
By Christopher Condon and Chris CioffiAugust 2 -
The Biden administration secured an extension of a worldwide freeze on new digital taxes, putting it on a collision course with Canada after Ottawa refused to endorse the deal.
By Christopher Condon, William Horobin and Isabel GottliebJuly 12 -
She advised Congress that the Treasury may exhaust its special accounting maneuvers to avoid running out of sufficient cash as soon as early June.
By Christopher Condon and Annmarie HordernMay 12 -
The government reached the statutory cap on borrowing in January and the Treasury has since been using special accounting measures to make cash available.
By Christopher CondonMay 11 -
Billions of dollars available — through subsidies and tax credits — to promote the production and purchase of electric vehicles.
By Christopher Condon and Ian FisherApril 3 -
"Our budget request provides steady-state operational funding," Yellen said. "It will complement the one-time, long-term investment in the IRS."
By Christopher Condon and Saleha MohsinMarch 23