Josh Wingrove

His plan has little chance of becoming law, but the proposal is an important signpost for negotiations over government spending.

The president will also call for quadrupling the levy on corporate stock buybacks during his address Tuesday.

President Joe Biden ignored worse-than-expected U.S. inflation data that roiled markets during a planned celebration for his signature climate-and-tax law.

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

Suspending the federal gasoline tax would be a largely symbolic move by an embattled president running out of options to ease pump prices weighing on Democrats’ political prospects.

The president said he’s aiming to decide this week whether to move to suspend the federal gasoline tax.

The U.S. banned American accounting and consulting firms from working with Russia and imposed its first sanctions on Gazprombank as part of a package of new penalties targeted at Moscow.

The president called again for Congress to raise taxes on corporations and the wealthy, while sharpening his criticism of Republican economic policies.

After championing a major expansion in federal aid, the president is now putting the budget deficit back in the spotlight.

Influential lawmakers still want various tax provisions in the bill.

Democratic negotiators have been working to address opposition from Senator Kyrsten Sinema, an Arizona moderate, to boosting rates.

They're exploring alternatives after months of focusing on proposals to increase tax rates on income and capital gains.

House Speaker Nancy Pelosi is giving lawmakers until Halloween to strike a deal.

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.

The president and Republican congressional leaders see a narrow opening for compromise on infrastructure spending yet significant obstacles remain, particularly on tax increases.

The proposed top 39.6 percent tax bracket in the administration's “American Families Plan” would encompass less than 1 percent of taxpayers.

The proposal won’t affect couples with incomes below $400,000 — but could impact couples who together exceed that threshold.

President Joe Biden called on employers to use a tax credit to provide paid time off to workers to get vaccinated and for businesses to do more to boost the inoculation effort as the U.S. seeks to get shots in more arms.

The White House is signaling to Congress that President Donald Trump could reject a new coronavirus aid bill if it doesn’t include a payroll tax cut, adding a new complication to already contentious negotiations between Republicans and Democrats on the next round of stimulus.

With a resurgence of the coronavirus threatening a nascent rebound of the U.S. economy, the White House and Congress are under increased pressure to come to terms on another round of stimulus.