Laura Davison

The proposal is the result of weeks of talks between Democrats about how to scale back an idea first floated by Treasury officials.

The lawmakers want to wait until other countries implement the proposed 15% corporate tax rate.

The plan would require financial institutions to report information about some bank accounts to the IRS.

The party’s progressives and moderates disagree over which pieces of President Biden’s agenda to pay for — and how long to pay for them.

Democrats risk settling for a less generous expansion of the state and local tax deduction than previously hoped after President Joe Biden conceded that lawmakers will have to scale back his economic agenda to get it enacted.

Financial institutions aim to stop a measure that would require banks to hand over some account information to the IRS.

A new deal would up the thresholds of what triggers reporting to the IRS, according to a key House Democrat.

The 400 wealthiest families slashed their income tax to an average rate of 8.2% from 2010-2018 because of preferential capital gains rates.

High-earning taxpayers would face much smaller tax hikes — or even cuts — if Democrats decide to restore the federal deduction for state and local taxes in legislation that’s now moving through the House.

Fraud or improper payments accounted for more than $90 billion of the government’s emergency aid for the unemployed and small businesses.

Moderate and progressive Democrats are on a collision course over how to pay for the administration's economic agenda.

The plan offers the clearest picture yet of the higher levies that companies could be paying from next year.

The House Speaker and a group of centrist Democrats will resume talks after hours of negotiations failed to break a stalemate late Monday.

Rich Americans may have to wait until deep into the fall, or later, to find out how much they'll owe.

Declines in income and boosts to government subsidies wiped away tax liabilities.

Among the unresolved issues is how to modify a provision dealing with reporting requirements for cryptocurrency transactions.

Wyden’s proposed legislation would require them to pay tax annually on unrealized gains.

A bipartisan group released an alternative cryptocurrency revenue-raising plan.

Two senior Democrats are proposing a bill that would go further than President Joe Biden’s plan and potentially raise quadruple the revenue.

Senators Ron Wyden and Pat Toomey are drafting a proposal to overhaul a cryptocurrency provision in the $550 billion bipartisan infrastructure bill that traders and investors have criticized as being overly broad and impractical.