Josh Wingrove

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.

President Donald Trump said he wants to restore corporate tax deductions for business meals as restaurants reel from the impact of the coronavirus outbreak.

The administration is also planning $1,000+ stimulus checks.

The move would slash the tax payable on any asset that’s appreciated in value over a lengthy period of time.