Biden Administration

His plan includes a proposal to almost double the capital gains tax rate for wealthy individuals to help pay for a raft of social spending, according to people familiar with it.

Democrats are making another push for the Biden administration to include a repeal of the cap on state and local tax deductions in its long-term economic program.

President Joe Biden called on employers to use a tax credit to provide paid time off to workers to get vaccinated and for businesses to do more to boost the inoculation effort as the U.S. seeks to get shots in more arms.

President Joe Biden told a group of lawmakers that a permanent expansion could be difficult to pass the Senate.

There are financial, operational and remedial measures that companies can implement to mitigate the eventual impact of the administration's tax plan.

Trump’s legislative triumph has put President Biden in a bind.

President Joe Biden is asking congressional Democrats to vote for a tax increase that will test a long-held liberal article of faith: that many wealthy Democrats won’t mind paying more in taxes if they can be convinced the money would lead to greater prosperity for everyone.

Republicans are working on developing a far smaller infrastructure package than the Biden administration’s American Jobs Plan, relying on user fees such as tolls instead of corporate tax increases.

The new commissioner is poised to confront everything from the fallout of the GameStop trading frenzy to the deluge of SPACs.

The group’s advertisements will contend that the Biden administration shouldn’t attempt to raise corporate tax rates during a downturn.

The president's tax hike proposals will deal a blow to corporate earnings growth next year, Goldman Sachs strategists warned.

The administration views GOP attacks on its proposal to use corporate tax hikes to pay for a vast infrastructure program as a losing argument in the battle for public opinion.

The plan would eliminate subsidies claimed by oil and gas companies and raise levies on corporate polluters.

Group of 20 finance chiefs, encouraged by new U.S. proposals, pledged on Wednesday to reach a consensus on new rules by mid-year.

The Treasury secretary says the plan aims to remove incentives for companies to shift investments and profit abroad and raise more money for critical needs at home.

Virtually all tax advisors have accepted the inevitability of taxes increasing. The only open questions seem to be when and how high.

The Treasury and the IRS have sent out roughly 156 million payments to people, totaling roughly $372 billion.

The challenge for legislators will be to minimize loopholes that could diminish the impact.

Three top Senate Democrats released a proposal to overhaul the U.S. international tax system that could shape the outcome of the global tax revamp that the White House is pursuing to fund infrastructure spending.

Democratic governors from seven states, including New York, New Jersey and California, wrote to President Joe Biden urging him to remove the cap on state and local tax deductions enacted by Donald Trump.