Biden Administration

Technology hardware, health care and pharmaceutical companies would be most impacted by U.S. proposals to rewrite international tax rules, according to a new analysis.

The dilemma represents another challenge with the special legislative process known as budget reconciliation.

The Biden administration’s proposal to dramatically expand the inheritance tax bill for wealthy Americans is running into some headwinds with Democrats on Capitol Hill, showcasing nervousness about the scope and size of elements of the White House’s ambitious tax plans.

President Biden releases his annual budget on May 27, a move likely to detail his plans to increase the capital gains tax rate and eliminate a lucrative benefit for inherited estates.

Business groups were unmoved by the Treasury Secretary’s call for U.S. companies to accept higher taxes in return for a huge public investment in infrastructure aimed at boosting the American economy.

Republican senators say they’re encouraged about the prospects for a deal with President Biden on his $2.25 trillion infrastructure proposal after an Oval Office meeting but want to exclude any move to roll back the 2017 tax cuts to help pay for the package.

Most at risk are taxpayers whose earnings aren’t reported to the IRS by an outside source like an employer or brokerage firm.

The president and Republican congressional leaders see a narrow opening for compromise on infrastructure spending yet significant obstacles remain, particularly on tax increases.

Three Democratic senators introduced legislation that would stop the tax breaks used by private equity money managers and others.

Ohio and Missouri judges deny injunctions because those states haven’t yet suffered any harm.

Lawmakers are considering giving the IRS additional funding and authority to expand its tax enforcement operation.

Congressional Democrats have reintroduced legislation in the House and Senate to shed more light on the use of corporate tax havens and incentives for outsourcing jobs abroad.

Affluent clients can use wealth and retirement strategies to blunt the impact of the administration’s proposals, which include a higher capital gains rate.

April's hiring shortfall stiffened Republican opposition to the tax increases on the wealthy and corporations that are a central part of the administration's package.

The Senate Republican leader ripped the president's plan to end a tax break that lets the richest Americans transfer much of their wealth tax-free at death.

'It doesn't have to be exactly' 28 percent, the president said, in a signal that a final package could well have a lower rate.

The president's plan for increased tax audits of the wealthy and corporations is a major funding source for his economic-investment proposals.

The fate of the administration’s $4 trillion economic vision now rests with the lawmakers in a narrowly divided Congress.

The Penn Wharton Budget Model says the White House mistook the cost of its child-care and education policies.

Biden administration proposals could radically reshape how wealthy Americans are taxed.