Biden Administration

The near doubling of the capital gains tax rate would have a large impact on the net profit from any sale of any capital asset.

It’s counterintuitive, but the cash benefit of delaying payouts can outweigh rate increases, thanks to compounding over time.

The Senate GOP Leader wants to head off an effort to use a fast-track process to pass a Democrat-only bill with trillions in spending and tax hikes on the wealthy.

Top aides to the president are reaching out to senators to convey his enthusiasm for the agreement, a White House official said.

The $579 billion infrastructure deal is a win, yet the bipartisan plan faces hurdles in Congress that reflect challenges to the president's broader economic agenda.

The cost of the expenditures would be offset by a variety of revenue-raising provisions, including stronger enforcement of tax collections from the wealthy.

The group proposed $40 billion in Internal Revenue Service funding to yield $103 billion.

Top White House aides wrapped up a meeting with a group of senators Tuesday without producing an infrastructure compromise, as differences on how to pay for a proposed $579 billion in new spending for roads, bridges and other projects continue to bedevil the talks.

Top administration aides are set to meet with a group of senators trying to come up with an infrastructure compromise.

Tax experts dissent the Biden budget proposal in search of planning opportunities.

The president’s plan for trillions in proposed spending and tax increases is likely to take at least until September to clear.

The Biden administration’s proposal to impose a global minimum tax on corporations has been provoking opposition in Congress, with Republicans advocating user fees instead to pay for infrastructure improvements.

The White House reiterated its opposition to indexing the gasoline tax to inflation to help pay for an infrastructure plan.

The Treasury secretary suggested that if Congress were to pass a capital-gains tax hike effective starting in April 2021, that wouldn’t count as a retroactive increase.

The administration said no deadline has been set for talks, but House Democrats said they are ready to move ahead without Republicans.

Lawmakers are trying to hash out a compromise $1.2 trillion, eight-year infrastructure spending package.

President Joe Biden’s quest to enact his $4 trillion economic agenda enters a turbulent new phase Monday as the U.S. House comes back into session and Democratic representatives ramp up pressure on the Senate to produce a bipartisan compromise or stop prolonging the effort.

The debate over how to pay for the nation’s roads, bridges and transit systems is leading some normally anti-tax Republicans to embrace higher levies on motorists.

The proposal calls for $579 billion in net new spending beyond outlays that Congress was already expected to enact.

The proposed changes are worrying investors and their tax advisors, especially the possibility of making them retroactive.