Biden Administration

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.