Erik Wasson

House conservatives proposed raising the retirement age to collect Social Security, handing Democrats damaging political ammunition ahead of the 2024 election.

A series of tentative compromises were worked out on spending caps, the defense budget and IRS funding.

McCarthy has told Biden that he did not intend to retreat from public refusals to accept additional taxes as part of an agreement.

Republicans rejected a Democratic proposal that would seek to raise revenue by altering a dozen tax provisions.

Members of the House Freedom Caucus are demanding an end to student loan forgiveness, the elimination of the $80 billion expansion of the IRS, and more.

Among the items on the cutting-room floor are a deal on corporate tax breaks, including the expensing of research and development spending.

On taxes, the fate of research and development and private equity tax breaks remain mired in a dispute over expanding the child tax credit.

For businesses, the return of Republicans to control of the House takes the possibility of corporate tax increases favored by Democrats off the table.

Republicans — who are expected to control the House as of January — want tax breaks for private equity, manufacturers and businesses. For their part, Democrats want to expand the child tax credit.

Businesses are lobbying hard for Congress to pass a package of tax breaks worth about $100 billion before the end of the year.

Democrats' hopes for tax increases on the wealthy and corporations would be dashed should Republicans take at least one chamber, and prospects diminish for a windfall profits tax on oil companies.

House Democrats delivered the final votes needed on a slimmed-down version of their tax, climate and drug price agenda.

President Joe Biden and Senate Majority Leader Chuck Schumer are the biggest winners now that a huge piece of Democrats' economic agenda is hurtling toward enactment.

The legislation aims to prevent large corporations from exploiting tax breaks to pay little if any tax, and it would allow Medicare to negotiate drug prices for the first time.

The path was nearly cleared for one of the cornerstones of President Joe Biden's domestic agenda after Democrats agreed on a revised version of their tax and climate bill.

The Senate Democrats' tax, climate and drug-price bill would reduce federal deficits.

Michigan Democratic Senator Debbie Stabenow is pushing for last-minute changes to stringent new electric-vehicle tax-credit limits in her party's tax and spending deal amid a pressure campaign from the auto industry.

The Arizona Democrat, a pivotal vote in the Senate, is asking to drop a provision from the bill that would scale back a tax break for fund managers, known as carried interest.

The bill would impose a 15% minimum tax on large corporations, beef up tax audits and force drug companies to offer Medicare lower prices.

Now that Senator Joe Manchin is on board with a $433 billion tax and climate bill, Democrats, Republicans and the private equity industry all are trying to suss out where the Arizona lawmaker stands.