Jennifer Jacobs

Donald Trump plans to make permanent the 2017 individual tax cuts that he enacted as president while keeping corporate tax levels unchanged in an appeal to working and middle class voters should he retake the White House.

The student-loan forgiveness will qualify as non-taxable income until 2025 under the American Rescue Plan.

Kimberly Clausing pushed to increase taxes on corporations and wealthy Americans, including upping the domestic corporate rate to 28%.

President Biden signed an executive order to strengthen the ACA, in part by closing a loophole that prevents millions of Americans from accessing subsidies.

President Joe Biden said the U.S. will impose sanctions on Russia that will hamper its ability to do business in foreign currencies as President Vladimir Putin’s decision to invade Ukraine sparked the worst security crisis in Europe since World War II.

The president described the passage of the bill a direct response to voters who handed his party defeats in state elections last week.

Influential lawmakers still want various tax provisions in the bill.

Chief Financial Officer Allen Weisselberg is expected to be charged in the first cases to emerge from a multiyear investigation of the former president’s company

Republican senators say they’re encouraged about the prospects for a deal with President Biden on his $2.25 trillion infrastructure proposal after an Oval Office meeting but want to exclude any move to roll back the 2017 tax cuts to help pay for the package.

Treasury Secretary Janet Yellen will argue Monday for a global minimum tax rate for companies as she pushes President Joe Biden’s plans to raise levies on U.S. companies, a person familiar with her remarks said.

President Joe Biden said anyone earning more than $400,000 a year would see a tax increase under his forthcoming economic program, highlighting the administration’s plans to address inequality in part through levies on the wealthy.

The administration wants employers, not employees, to be responsible for paying back the Social Security levies when they come due next year.

The Treasury Secretary is expected to seek a third round of coronavirus-related economic stimulus, including postponing the due date for quarterly tax payments.

The president spoke to Republicans at their weekly conference lunch at the Capitol as his administration prepares a package of economic measures to combat the fallout from the coronavirus outbreak.

President-elect Donald Trump is considering nominating ex-U.S. Attorney Debra Wong Yang to run the Securities and Exchange Commission, said a person with direct knowledge of the matter.