Biden Administration

Senate Democrats have reached a deal to extend the solvency of Medicare by closing a tax loophole frequently used by law firms and other partnerships.

The Senate GOP leader said he will block bipartisan legislation to boost U.S. competition with China.

Senate Democrats are working on shrinking the tax increases in the president's economic package as part of a bid to get it passed in the coming weeks.

Suspending the federal gasoline tax may sound like welcome relief, but experts warn it could bring mixed results — or even higher gas prices in the end.

The senator's opposition to giving clean-energy developers direct payments may significantly reduce the tax credits they could get from Democrats’ reconciliation package.

Suspending the federal gasoline tax would be a largely symbolic move by an embattled president running out of options to ease pump prices weighing on Democrats’ political prospects.

Senate Democrats have scrapped a $4,500 bonus tax credit for electric vehicles made with domestic union labor as they seek to wrap up negotiations on a spending deal.

The president said he’s aiming to decide this week whether to move to suspend the federal gasoline tax.

Effective June 7, isolation of Russia includes sanctions prohibiting U.S. accounting firms — even U.S. firms operating from offices overseas — from providing a variety of services to Russian individuals and entities.

Kimberly Clausing pushed to increase taxes on corporations and wealthy Americans, including upping the domestic corporate rate to 28%.

The 15% minimum tax deal needs congressional approval, but lacks the universal support of Democrats and faces concerted Republican opposition.

Warsaw’s resistance is holding up a measure that would implement a 15% minimum corporate tax rate across the European Union.

In recent days, Biden and his aides have repeatedly cited Republican Senator Rick Scott’s “Rescue America” plan — from February.

The Treasury secretary will meet next week with counterparts in Europe, aiming to keep up pressure on Russia and prevent delays to the implementation of a global tax deal.

A record tax haul for the federal government this spring shrank the budget deficit and surprised Wall Street.

The U.S. banned American accounting and consulting firms from working with Russia and imposed its first sanctions on Gazprombank as part of a package of new penalties targeted at Moscow.

The president called again for Congress to raise taxes on corporations and the wealthy, while sharpening his criticism of Republican economic policies.

Lawmakers are weighing a tax that would slap a levy on imports of carbon-intensive goods from countries with weaker climate policies.

The Democratic senator pushed back on proposal to expand the popular credit, adding a new obstacle to White House plans for fighting climate change.

The West Virginia Democrat said he is open to using the fast-track budget process to ram corporate and individual tax increases through the Senate.