Justin Sink

The First Couple reported $610,702 in income in 2021 and paid $183,925 in federal and state income taxes, according to their annual tax return released Friday by the White House.

The administration is calling for more than $2.5 trillion in tax hikes on wealthy and large corporations over a decade.

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.

The request will show a $1 trillion reduction in deficit spending over the coming decade, generated in part by a new tax targeting billionaires.

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 Democratic Senator said there’s little chance that Congress can complete work on President Biden’s economic agenda by the end of the month.

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.

The administration said no deadline has been set for talks, but House Democrats said they are ready to move ahead without Republicans.

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.

The president is on the road to sell his plans to build infrastructure and invest in education, child care and other priorities.

The president declared the U.S. has turned the corner on a pandemic that’s killed more than half a million Americans.

The president called for higher taxes on the rich to fund a massive investment in the nation’s social safety net.

The sweeping $1.8 trillion plan would be funded in part by the largest tax increases on wealthy Americans in decades.

President Joe Biden and congressional Democrats signaled they’re intent on a large pandemic relief bill.

The president-elect believes efforts to use his son as a political cudgel amounted to “foul play” amid a federal investigation into Hunter Biden’s tax matters and Republican calls for a special counsel investigation into his foreign dealings.

The moves were criticized by Democrats and some Republicans as, variously, providing little real help, an unconstitutional power grab from Congress, and a backhanded way to defund Social Security and Medicare.

President Donald Trump announced four executive actions on Saturday, including continued expanded unemployment benefits and a temporary payroll tax deferral for some workers, as the coronavirus pandemic continues to hobble the U.S. economy.

Donald Trump scored a tactical victory from the Supreme Court that will likely keep his personal financial records out of public view through the November election, but he framed Thursday’s two rulings as a loss imposed by his enemies.

The president will seek a payroll tax cut and “very substantial relief” for industries that have been hit by the virus, reversing course on the need for economic stimulus hours after markets posted their worst losses in more than a decade.