Biden Administration

Democrats are seeking to pass the bill this week in the Senate and in the House next week.

A minimum corporate tax rate wouldn’t spark higher consumer prices, according to the senator.

The package includes oodles of tax credits and rebates for people looking to drive and live more sustainably.

The Arizona lawmaker is “reviewing the text and will need to review what comes out of the parliamentarian process.”

Senator Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock on the Democrats’ long-sought legislation to enact major parts of President Joe Biden’s agenda.

A breakthrough deal between senators Chuck Schumer and Joe Manchin includes the extension of a popular consumer tax credit for the purchase of electric vehicles.

The West Virginia senator opposes changes to the state and local tax deduction.

Senate Majority Leader Chuck Schumer and West Virginia Senator Joe Manchin released the outline of a tax, climate and health care deal on Wednesday, in what could prove to be a major breakthrough after weeks of negotiations.

The U.S. would collect an additional $318.7 billion over the next 10 years by implementing the 15% global minimum tax and exercising the undertaxed-profit rule.

The bill contains a 25% tax credit for semiconductor manufacturing — the source of the revenue loss.

The Senate’s arcane budget rules threaten Democrats’ plans to increase taxes on the wealthy and corporations and invest in climate programs.

The West Virginia senator's stand damages the outlook for an agreement to reshape the way multinational corporations are taxed around the world.

He questioned a 3.8% tax on pass-through businesses, under discussion as an offset for Medicare drug provisions.

The West Virginia Democrat told Senate Majority Leader Chuck Schumer he wouldn’t agree to an economic package before an August congressional recess.

Time is running out as Democrats only have until Sept. 30 to use the fast-track budget reconciliation process to pass a bill.

The West Virginia senator said it wouldn’t be “prudent” to act now on climate and tax plans without seeing another month of inflation data first.

The West Virginia senator told Democratic leaders Thursday he would not support new spending on climate measures or tax increases.

A Senate plan to expand taxes on some businesses to bolster Medicare raised alarms about inflation, potentially complicating Democrats’ attempt to pass a broad economic package.

The state and local tax deduction issue threatens to spark a showdown among Democrats as high-stakes Senate talks inch closer to a deal on President Biden’s economic agenda.

Crunch time has finally arrived for the president's economic agenda as Democrats scramble for a deal on a slimmed-down version of what was once a multi-trillion-dollar overhaul of domestic policy.