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The administration is calling for more than $2.5 trillion in tax hikes on wealthy and large corporations over a decade.
By Justin Sink and Erik WassonMarch 28 -
The budget calls for a minimum 20% tax rate that would hit both the income and unrealized capital gains of households worth more than $100 million.
By Justin SinkMarch 28 -
The request will show a $1 trillion reduction in deficit spending over the coming decade, generated in part by a new tax targeting billionaires.
By Justin Sink, Laura Davison and Erik WassonMarch 28 -
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.
By Jennifer Jacobs and Justin SinkFebruary 24 -
The Democratic Senator said there’s little chance that Congress can complete work on President Biden’s economic agenda by the end of the month.
By Erik Wasson and Justin SinkOctober 18 -
Lawmakers remain divided on the size and scope of the fast-track budget reconciliation bill intended to include a raft of social spending and tax increases.
By Erik Wasson and Justin SinkJuly 13 -
The administration said no deadline has been set for talks, but House Democrats said they are ready to move ahead without Republicans.
By Erik Wasson, Laura Litvan and Justin SinkJune 16 -
The proposal sets aside the Biden administration’s proposal to raise the headline corporate income rate to 28% from 21% — a non-starter for Republican lawmakers — though that could be pursued elsewhere.
By Justin Sink and Laura DavisonJune 4 -
The president is on the road to sell his plans to build infrastructure and invest in education, child care and other priorities.
By Justin Sink and Mario ParkerApril 30 -
The president declared the U.S. has turned the corner on a pandemic that’s killed more than half a million Americans.
By Justin Sink and Alex WayneApril 29