Biden Administration

President Joe Biden will propose increasing the minimum rates paid by major corporations to 21% and eliminating breaks for companies with high-paid executives Thursday night.

The president will advocate plans to increase taxes on the wealthy and corporations as well as to lower prescription drug prices in his speech next week.

Parts of Trump's 2017 tax-cut package will expire in 2025, and Biden would only extend tax breaks for individuals earning less than $400,000 a year.

The rule on classifying workers as either employees or independent contractors reverses a change from the Trump administration.

The debt ceiling agreement included a side deal that would allow $70 billion in accounting moves to spare agencies most cuts, though $20 billion in cuts to IRS funds may be accelerated.

Under the draft proposal from the Treasury Department, hydrogen projects would need to adhere to strict environmental requirements.

Proposed rules from the Treasury and IRS raise worries that they may stifle the nascent fuel.

Proposed rules from the Treasury and the IRS would mean nuclear power producers can't tap into credit for producing clean hydrogen.

The White House is taking aim at global money laundering in line with a UN effort, but some sectors of the economy are falling prey to criminal activity.

The guidelines set a 25% ownership threshold for a company or group to be classified as a foreign entity of concern.