Joe Biden

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.

President Joe Biden told a group of lawmakers that a permanent expansion could be difficult to pass the Senate.

The group’s advertisements will contend that the Biden administration shouldn’t attempt to raise corporate tax rates during a downturn.

The administration views GOP attacks on its proposal to use corporate tax hikes to pay for a vast infrastructure program as a losing argument in the battle for public opinion.

The plan would eliminate subsidies claimed by oil and gas companies and raise levies on corporate polluters.

The challenge for legislators will be to minimize loopholes that could diminish the impact.

Democratic governors from seven states, including New York, New Jersey and California, wrote to President Joe Biden urging him to remove the cap on state and local tax deductions enacted by Donald Trump.

The corporate tax-cut party President Donald Trump kicked off will soon be over if his successor proves able to enact proposals to roll back half of the 2017 domestic income-tax reduction and to radically revamp levies on profits earned abroad.

President Joe Biden laid out what he called a “bold” plan to rebuild U.S. infrastructure, but now needs an equally ambitious effort to wrangle it through Congress in the face of Republican opposition and criticism from within his Democratic Party.

The infrastructure plan sets the stage for a drawn-out battle over his second big economic program.

President Joe Biden is calling for sweeping investment in electric vehicles, renewable power and the electric grid as part of a broad blueprint to bolster the U.S. economy while combating climate change.

More than a half century after Lyndon Johnson’s war on poverty, the new administration plans a mass expansion of government spending and a revamp of the Tax Code.

President Joe Biden’s economic team at the White House is determined to make good on his campaign pledge to raise taxes on the rich, emboldened by mounting data showing how well America’s wealthy did financially during the pandemic.

President Joe Biden said anyone earning more than $400,000 a year would see a tax increase under his forthcoming economic program, highlighting the administration’s plans to address inequality in part through levies on the wealthy.

President Joe Biden is looking at higher taxes to help pay for a long-term economic program designed as a follow-up to his pandemic-relief bill.

The president's first major legislative achievement will offer aid to tens of millions of individuals, businesses, and state and local governments.

President Biden signed the American Rescue Plan Act into law Thursday, triggering the release of $1,400 Economic Impact Payments along with tax breaks for stimulating the economy.

Households will begin receiving the $1,400 stimulus payments included in the pandemic-relief bill approved by Congress before the end of March, according to the White House.

The House is poised to send the $1.9 trillion COVID-19 relief plan to President Joe Biden for his signature, providing an economic boost that will last long after $1,400 stimulus checks start arriving in Americans’ accounts this month.

President Joe Biden is on the cusp of his first legislative win with the House ready to give final passage to his $1.9 trillion COVID-19 relief plan. It includes a big expansion in the child tax credit and makes student loan forgiveness tax free.